Sphere 3D (NASDAQ:ANY) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Sphere 3D (NASDAQ:ANY) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

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

Sphere 3D Stock Performance

NASDAQ:ANY opened at $0.98 on Wednesday. Sphere 3D has a 1 year low of $0.67 and a 1 year high of $2.73. The stock has a market cap of $24.94 million, a P/E ratio of -1.22 and a beta of 2.99. The stock has a 50-day simple moving average of $1.20 and a 200-day simple moving average of $1.06.

Insider Activity at Sphere 3D

In other Sphere 3D news, CEO Patricia Trompeter sold 20,000 shares of Sphere 3D stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $1.31, for a total value 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 36,000 shares of company stock valued at $46,760 in the last three months. 5.59% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sphere 3D

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