Sphere 3D (NASDAQ:ANY) CAO Sells $10,062.50 in Stock

Sphere 3D Corp. (NASDAQ:ANY) CAO Tiah Norton Reppas sold 6,250 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $1.61, for a total transaction of $10,062.50. Following the sale, the chief accounting officer owned 12,384 shares of the company’s stock, valued at approximately $19,938.24. This represents a 33.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Sphere 3D Stock Performance

Shares of ANY opened at $1.62 on Monday. Sphere 3D Corp. has a 52 week low of $1.08 and a 52 week high of $12.60. The firm has a market cap of $5.46 million, a P/E ratio of -0.21 and a beta of 3.79. The firm’s 50-day simple moving average is $2.15 and its 200 day simple moving average is $4.70.

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 company had revenue of $2.72 million during 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 analysts forecast that Sphere 3D Corp. will post -0.58 earnings per share for the current year.

Hedge Funds Weigh In On Sphere 3D

Institutional investors and hedge funds have recently modified their holdings of the business. XTX Topco Ltd increased its position in Sphere 3D by 678.6% during the fourth quarter. XTX Topco Ltd now owns 131,326 shares of the technology company’s stock worth $39,000 after acquiring an additional 114,460 shares during the period. Armistice Capital LLC bought a new stake in Sphere 3D in the 4th quarter valued at about $465,000. Squarepoint Ops LLC bought a new stake in Sphere 3D in the 4th quarter valued at about $113,000. Jane Street Group LLC acquired a new position in shares of Sphere 3D during the 4th quarter worth approximately $37,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Sphere 3D by 294.7% during the third quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock worth $37,000 after purchasing an additional 37,427 shares during the period. 17.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Sphere 3D Company Profile

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.