StockNews.com Downgrades Sphere 3D (NASDAQ:ANY) to Sell

Sphere 3D (NASDAQ:ANY) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Separately, HC Wainwright reissued a “buy” rating and set a $3.00 price objective on shares of Sphere 3D in a research report on Monday, November 18th.

Sphere 3D Trading Down 3.5 %

Shares of ANY stock traded down $0.02 during trading hours on Tuesday, reaching $0.64. The company’s stock had a trading volume of 332,725 shares, compared to its average volume of 528,145. Sphere 3D has a one year low of $0.61 and a one year high of $2.60. The stock has a market capitalization of $16.34 million, a P/E ratio of -0.80 and a beta of 2.98. The firm’s fifty day simple moving average is $0.92 and its 200 day simple moving average is $1.02.

Insiders Place Their Bets

In other Sphere 3D news, CEO Patricia Trompeter sold 20,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $1.31, for a total value of $26,200.00. Following the completion of the transaction, the chief executive officer now owns 597,187 shares in the company, valued at approximately $782,314.97. This represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 36,000 shares of company stock worth $46,760 over the last three months. Company insiders own 5.59% of the company’s stock.

Institutional Trading of Sphere 3D

A hedge fund recently bought a new stake in Sphere 3D stock. Two Sigma Securities LLC acquired a new position in shares of Sphere 3D Corp. (NASDAQ:ANY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,879 shares of the technology company’s stock, valued at approximately $30,000. Two Sigma Securities LLC owned approximately 0.13% of Sphere 3D at the end of the most recent reporting period. 17.28% of the stock is currently owned by institutional investors and hedge funds.

Sphere 3D Company Profile

Sphere 3D Corp. engages in the bitcoin mining business. It is involved with digital asset mining pool operators to provide computing power to the mining pools. The company is based in Stamford, Connecticut.