Sphere 3D Corp. (NASDAQ:ANY) CFO Sells $93,600.00 in Stock

Sphere 3D Corp. (NASDAQ:ANYGet Free Report) CFO Kurt L. Kalbfleisch sold 80,000 shares of Sphere 3D stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $1.17, for a total value of $93,600.00. Following the transaction, the chief financial officer now directly owns 124,189 shares in the company, valued at approximately $145,301.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sphere 3D Stock Down 0.8 %

ANY opened at $1.17 on Friday. Sphere 3D Corp. has a 52 week low of $0.57 and a 52 week high of $4.09. The business has a 50 day moving average price of $1.12 and a two-hundred day moving average price of $1.67. The company has a market cap of $21.42 million, a PE ratio of -0.63 and a beta of 2.77.

Sphere 3D (NASDAQ:ANYGet Free Report) last released its quarterly earnings results on Monday, May 13th. The technology company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.09. Sphere 3D had a negative return on equity of 72.59% and a negative net margin of 94.39%. The business had revenue of $6.95 million during the quarter, compared to analysts’ expectations of $8.30 million. As a group, sell-side analysts expect that Sphere 3D Corp. will post -0.83 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ANY shares. StockNews.com lowered shares of Sphere 3D from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. HC Wainwright reissued a “buy” rating and set a $4.00 price objective on shares of Sphere 3D in a research report on Thursday, May 16th.

Read Our Latest Report on Sphere 3D

Hedge Funds Weigh In On Sphere 3D

An institutional investor recently bought a new position in Sphere 3D stock. Crescent Grove Advisors LLC acquired a new position in shares of Sphere 3D Corp. (NASDAQ:ANYFree Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 17,005 shares of the technology company’s stock, valued at approximately $26,000. Crescent Grove Advisors LLC owned 0.10% of Sphere 3D at the end of the most recent reporting period. 17.28% of the stock is owned by hedge funds and other institutional investors.

About Sphere 3D

(Get Free Report)

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.

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