Sphere 3D (NASDAQ:ANY) CEO Kurt Kalbfleisch Sells 9,800 Shares

Sphere 3D Corp. (NASDAQ:ANY) CEO Kurt Kalbfleisch sold 9,800 shares of the stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $1.59, for a total value of $15,582.00. Following the sale, the chief executive officer owned 64,455 shares of the company’s stock, valued at $102,483.45. This represents a 13.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Sphere 3D Price Performance

Shares of ANY stock traded up $0.02 during trading hours on Friday, hitting $1.62. The stock had a trading volume of 239,508 shares, compared to its average volume of 1,562,123. The stock’s 50-day moving average price is $2.15 and its two-hundred day moving average price is $4.72. Sphere 3D Corp. has a one year low of $1.08 and a one year high of $12.60. The stock has a market capitalization of $5.46 million, a price-to-earnings ratio of -0.21 and a beta of 3.79.

Sphere 3D (NASDAQ:ANY) last released its quarterly earnings results on Friday, March 6th. The technology company reported ($3.27) earnings per share for the quarter. The firm had revenue of $2.72 million for the quarter. Sphere 3D had a negative net margin of 167.47% and a negative return on equity of 61.18%. As a group, equities research analysts predict that Sphere 3D Corp. will post -0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Sphere 3D in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Sphere 3D currently has a consensus rating of “Hold” and a consensus target price of $30.00.

Institutional Investors Weigh In On Sphere 3D

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Armistice Capital LLC bought a new stake in shares of Sphere 3D in the 4th quarter valued at approximately $465,000. Squarepoint Ops LLC purchased a new position in shares of Sphere 3D in the 4th quarter worth approximately $113,000. XTX Topco Ltd increased its position in shares of Sphere 3D by 678.6% during the 4th quarter. XTX Topco Ltd now owns 131,326 shares of the technology company’s stock valued at $39,000 after purchasing an additional 114,460 shares during the last quarter. Jane Street Group LLC purchased a new stake in Sphere 3D during the 4th quarter valued at $37,000. Finally, BNP Paribas Financial Markets raised its holdings in Sphere 3D by 294.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock valued at $37,000 after buying an additional 37,427 shares during the period. 17.28% of the stock is currently owned by hedge funds and other institutional investors.

About Sphere 3D

Sphere 3D Corporation is a technology company specializing in virtualization, containerization and data management solutions. The company develops software and appliance-based offerings designed to simplify the deployment, mobility and orchestration of applications and data across on-premises, private cloud and public cloud environments. Its platforms enable organizations to consolidate IT infrastructure, improve resource utilization and accelerate application delivery without extensive re-engineering of legacy systems.

Among its key products is the Glassware platform, which allows enterprises to containerize Windows and Linux applications for delivery to virtually any endpoint without needing native software installs.