Sphere 3D (NASDAQ:ANY) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Sphere 3D Corp. (NASDAQ:ANY)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.02 and traded as low as $0.70. Sphere 3D shares last traded at $0.71, with a volume of 202,399 shares traded.

Analyst Ratings Changes

Several analysts have weighed in on the company. HC Wainwright reiterated a “buy” rating and issued a $3.00 price objective on shares of Sphere 3D in a research report on Monday, November 18th. StockNews.com upgraded Sphere 3D from a “sell” rating to a “hold” rating in a research report on Tuesday, February 11th.

Sphere 3D Price Performance

The company has a 50-day simple moving average of $0.95 and a two-hundred day simple moving average of $1.02.

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 that occurred on Tuesday, December 10th. The stock was sold at an average price of $1.31, for a total transaction of $26,200.00. Following the transaction, the chief executive officer now directly owns 597,187 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 36,000 shares of company stock worth $46,760. 5.59% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sphere 3D

A hedge fund recently raised its stake in Sphere 3D stock. Two Sigma Investments LP grew its holdings in shares of Sphere 3D Corp. (NASDAQ:ANY) by 92.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,595 shares of the technology company’s stock after buying an additional 16,577 shares during the period. Two Sigma Investments LP owned 0.14% of Sphere 3D worth $33,000 as of its most recent SEC filing. Institutional investors own 17.28% 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.