Sphere 3D (NASDAQ:ANY) Upgraded at StockNews.com

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

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

Sphere 3D Trading Up 9.5 %

NASDAQ ANY opened at $0.78 on Tuesday. The stock’s 50 day moving average is $1.02 and its two-hundred day moving average is $1.03. The company has a market capitalization of $19.90 million, a price-to-earnings ratio of -0.98 and a beta of 2.98. Sphere 3D has a 1-year low of $0.67 and a 1-year high of $2.68.

Insider Buying and Selling at Sphere 3D

In other news, CEO Patricia Trompeter sold 20,000 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 597,187 shares of the company’s stock, valued at $782,314.97. The trade was a 3.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 36,000 shares of company stock worth $46,760. Insiders own 5.59% of the company’s stock.

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.