Insider Selling: Sphere 3D (NASDAQ:ANY) CEO Sells 9,800 Shares of Stock
by Doug Wharley · The Cerbat GemSphere 3D Corp. (NASDAQ:ANY – Get Free Report) CEO Kurt Kalbfleisch sold 9,800 shares of Sphere 3D stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $1.59, for a total transaction of $15,582.00. Following the completion of the sale, the chief executive officer owned 64,455 shares of the company’s stock, valued at $102,483.45. This represents a 13.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Sphere 3D Price Performance
Sphere 3D stock traded up $0.02 during midday trading on Friday, reaching $1.62. 239,508 shares of the company traded hands, compared to its average volume of 1,562,123. Sphere 3D Corp. has a 12 month low of $1.08 and a 12 month high of $12.60. The business has a 50 day moving average of $2.15 and a two-hundred day moving average of $4.72. The firm has a market capitalization of $5.46 million, a price-to-earnings ratio of -0.21 and a beta of 3.79.
Sphere 3D (NASDAQ:ANY – Get Free Report) last posted its earnings results on Friday, March 6th. The technology company reported ($3.27) EPS for the quarter. The company had revenue of $2.72 million during the quarter. Sphere 3D had a negative return on equity of 61.18% and a negative net margin of 167.47%. As a group, equities analysts forecast that Sphere 3D Corp. will post -0.58 EPS for the current year.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Sphere 3D in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $30.00.
View Our Latest Research Report on ANY
Hedge Funds Weigh In On Sphere 3D
Institutional investors have recently bought and sold shares of the stock. Armistice Capital LLC purchased a new position in Sphere 3D during the fourth quarter valued at $465,000. Squarepoint Ops LLC purchased a new stake in Sphere 3D in the fourth quarter worth about $113,000. XTX Topco Ltd raised its stake in shares of Sphere 3D by 51.7% in the second quarter. XTX Topco Ltd now owns 71,682 shares of the technology company’s stock worth $42,000 after buying an additional 24,424 shares during the period. Jane Street Group LLC bought a new position in shares of Sphere 3D in the fourth quarter worth about $37,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Sphere 3D by 294.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock valued at $37,000 after buying an additional 37,427 shares in the last quarter. 17.28% of the stock is owned by institutional investors.
Sphere 3D Company Profile
Sphere 3D Corporation is a technology company specializing in virtualization, containerization and data management solutions. The company develops software and appliance-based offerings designed to simplify the deployment, mobility and orchestration of applications and data across on-premises, private cloud and public cloud environments. Its platforms enable organizations to consolidate IT infrastructure, improve resource utilization and accelerate application delivery without extensive re-engineering of legacy systems.
Among its key products is the Glassware platform, which allows enterprises to containerize Windows and Linux applications for delivery to virtually any endpoint without needing native software installs.