Cypherpunk Technologies (NASDAQ:CYPH) Director Sells 50,000 Shares of Stock

Cypherpunk Technologies (NASDAQ:CYPH) Director Patricia Martin sold 50,000 shares of the business’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $3.86, for a total transaction of $193,000.00. Following the sale, the director directly owned 118,750 shares in the company, valued at $458,375. This trade represents a 29.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Cypherpunk Technologies Stock Performance

Shares of NASDAQ CYPH traded up $0.04 during mid-day trading on Friday, hitting $4.12. The stock had a trading volume of 19,703,109 shares, compared to its average volume of 5,316,357. The firm has a market cap of $443.97 million, a PE ratio of 7.36 and a beta of 0.33. The company has a 50 day moving average of $1.57 and a two-hundred day moving average of $1.09. Cypherpunk Technologies has a twelve month low of $0.33 and a twelve month high of $4.19.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CYPH. Wall Street Zen upgraded Cypherpunk Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, September 19th. Weiss Ratings raised Cypherpunk Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 17th. Finally, Cantor Fitzgerald lifted their price target on Cypherpunk Technologies from $1.60 to $4.90 and gave the company an “overweight” rating in a research report on Thursday, September 10th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cypherpunk Technologies presently has a consensus rating of “Hold” and an average price target of $4.90.

Institutional Investors Weigh In On Cypherpunk Technologies

Institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new position in shares of Cypherpunk Technologies in the 4th quarter valued at about $44,000. Sequoia Financial Advisors LLC raised its holdings in Cypherpunk Technologies by 217.7% in 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 during the period. Texas Capital Bank Wealth Management Services Inc purchased a new position in Cypherpunk Technologies during the fourth quarter worth approximately $121,000. Cygnus Capital Advisors LLC grew its holdings in Cypherpunk Technologies by 2,044.6% in the second quarter. Cygnus Capital Advisors LLC now owns 246,460 shares of the company’s stock valued at $151,000 after purchasing an additional 234,968 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Cypherpunk Technologies in the first quarter valued at 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.