Insider Selling: Sphere 3D Corp. (NASDAQ:ANY) CEO Sells $12,700.00 in Stock

Sphere 3D Corp. (NASDAQ:ANY) CEO Patricia Trompeter sold 10,000 shares of Sphere 3D stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1.27, for a total transaction of $12,700.00. Following the completion of the transaction, the chief executive officer now directly owns 567,187 shares in the company, valued at $720,327.49. This trade represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Patricia Trompeter also recently made the following trade(s):

• On Tuesday, December 10th, Patricia Trompeter sold 20,000 shares of Sphere 3D stock. The shares were sold at an average price of $1.31, for a total value of $26,200.00.

Sphere 3D Price Performance

Shares of NASDAQ ANY opened at $1.22 on Friday. The company has a 50 day simple moving average of $1.22 and a 200 day simple moving average of $1.07. Sphere 3D Corp. has a 1 year low of $0.67 and a 1 year high of $4.09. The firm has a market cap of $25.91 million, a PE ratio of -1.52 and a beta of 2.91.

Hedge Funds Weigh In On Sphere 3D

A hedge fund recently bought a new stake in Sphere 3D stock. XTX Topco Ltd acquired a new stake in Sphere 3D Corp. (NASDAQ:ANY) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 52,130 shares of the technology company’s stock, valued at approximately $56,000. XTX Topco Ltd owned about 0.28% of Sphere 3D as of its most recent filing with the SEC. Institutional investors own 17.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com lowered shares of Sphere 3D from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. HC Wainwright restated a “buy” rating and set a $3.00 price objective on shares of Sphere 3D in a research report on Monday, November 18th.

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.