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

StockNews.com lowered shares of Sphere 3D (NASDAQ:ANY) from a hold rating to a sell rating in a research note published on Thursday.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price target on shares of Sphere 3D in a research note on Monday, November 18th.

Sphere 3D Trading Up 1.1 %

Shares of ANY stock opened at $0.88 on Thursday. Sphere 3D has a 12-month low of $0.67 and a 12-month high of $2.73. The business’s 50 day moving average is $1.14 and its two-hundred day moving average is $1.05.

Insider Buying and Selling

In related news, CEO Patricia Trompeter sold 20,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $1.31, for a total transaction of $26,200.00. Following the transaction, the chief executive officer now directly owns 597,187 shares in the company, valued at approximately $782,314.97. The trade was a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 36,000 shares of company stock worth $46,760. 5.59% of the stock is owned by corporate insiders.

Institutional Trading of Sphere 3D

An institutional investor recently bought a new position in Sphere 3D stock. XTX Topco Ltd purchased a new position in shares of Sphere 3D Corp. (NASDAQ:ANY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 52,130 shares of the technology company’s stock, valued at approximately $56,000. XTX Topco Ltd owned 0.28% of Sphere 3D as of its most recent SEC filing. 17.28% of the stock is owned by institutional investors and hedge funds.

About Sphere 3D

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.