Cypherpunk Technologies (NASDAQ:CYPH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cypherpunk Technologies (NASDAQ:CYPH) from a hold rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

CYPH has been the topic of several other research reports. Weiss Ratings upgraded shares of Cypherpunk Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 17th. Cantor Fitzgerald raised their target price on Cypherpunk Technologies from $1.60 to $4.90 and gave the company an “overweight” rating in a research note on Thursday, September 10th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $4.90.

Cypherpunk Technologies Stock Performance

Cypherpunk Technologies stock opened at $3.40 on Friday. The stock has a market capitalization of $366.38 million, a price-to-earnings ratio of 6.07 and a beta of 0.33. Cypherpunk Technologies has a 52-week low of $0.29 and a 52-week high of $4.02. The stock’s 50 day moving average price is $1.38 and its two-hundred day moving average price is $1.03.

Cypherpunk Technologies (NASDAQ:CYPH) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.18 earnings per share for the quarter.

Insider Transactions at Cypherpunk Technologies

In other Cypherpunk Technologies news, Director Thomas Dietz sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $1.72, for a total transaction of $34,400.00. Following the completion of the sale, the director owned 132,500 shares in the company, valued at approximately $227,900. The trade was a 13.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CYPH. Caitong International Asset Management Co. Ltd bought a new stake in shares of Cypherpunk Technologies during the fourth quarter worth about $44,000. Texas Capital Bank Wealth Management Services Inc acquired a new position in Cypherpunk Technologies during the 4th quarter valued at about $121,000. Sequoia Financial Advisors LLC increased its holdings in Cypherpunk Technologies by 217.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 152,500 shares of the company’s stock worth $93,000 after purchasing an additional 104,500 shares in the last quarter. Cygnus Capital Advisors LLC increased its holdings in Cypherpunk Technologies by 2,044.6% during the 2nd quarter. Cygnus Capital Advisors LLC now owns 246,460 shares of the company’s stock worth $151,000 after purchasing an additional 234,968 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Cypherpunk Technologies in the first quarter worth approximately $576,000. 30.46% of the stock is currently owned by institutional investors and hedge funds.

Cypherpunk Technologies Company Profile

Cypherpunk Technologies Inc is a technology and investment company focused on the digital-asset, blockchain and privacy-technology sectors. The company seeks to identify, acquire and support businesses and projects that contribute to the development of decentralized networks, cryptocurrency infrastructure and privacy-enhancing technologies.

Its activities may include investing in digital assets and blockchain-related opportunities, as well as developing or participating in businesses connected to cryptocurrency and decentralized technology.