Cypherpunk Technologies (NASDAQ:CYPH) Stock Rating Upgraded by Wall Street Zen

by · The Markets Daily

Cypherpunk Technologies (NASDAQ:CYPH – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.

Other equities analysts also recently issued reports about the company. Weiss Ratings raised Cypherpunk Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 17th. Cantor Fitzgerald increased their target price on shares of Cypherpunk Technologies from $1.60 to $4.90 and gave the stock an “overweight” rating in a research report on Thursday, September 10th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Cypherpunk Technologies currently has an average rating of “Hold” and an average price target of $4.90.

Read Our Latest Stock Report on Cypherpunk Technologies

Cypherpunk Technologies Price Performance

NASDAQ:CYPH opened at $3.60 on Friday. The company has a market cap of $387.94 million, a P/E ratio of 6.43 and a beta of 0.33. The firm’s 50 day moving average is $1.33 and its two-hundred day moving average is $1.01. Cypherpunk Technologies has a fifty-two week low of $0.28 and a fifty-two week high of $3.71.

Cypherpunk Technologies (NASDAQ:CYPH – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.18 earnings per share (EPS) for the quarter.

Insider Transactions at Cypherpunk Technologies

In other Cypherpunk Technologies news, Director Thomas Dietz sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1.72, for a total value of $34,400.00. Following the transaction, the director directly owned 132,500 shares of the company’s stock, valued at $227,900. This trade represents a 13.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Cypherpunk Technologies

A number of large investors have recently modified their holdings of CYPH. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Cypherpunk Technologies during the fourth quarter valued at approximately $44,000. Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Cypherpunk Technologies during the fourth quarter worth $121,000. Sequoia Financial Advisors LLC boosted its stake in shares of Cypherpunk Technologies by 217.7% in the second quarter. Sequoia Financial Advisors LLC now owns 152,500 shares of the company’s stock valued at $93,000 after purchasing an additional 104,500 shares during the period. Cygnus Capital Advisors LLC boosted its stake in shares of Cypherpunk Technologies by 2,044.6% in the second quarter. Cygnus Capital Advisors LLC now owns 246,460 shares of the company’s stock valued at $151,000 after purchasing an additional 234,968 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Cypherpunk Technologies during the 1st quarter valued at $576,000. Institutional investors and hedge funds own 30.46% of the company’s stock.

About Cypherpunk Technologies

(Get Free Report)

Cypherpunk Technologies Inc is a technology and investment company focused on the digital-asset, blockchain and privacy-technology sectors. The company seeks to identify, acquire and support businesses and projects that contribute to the development of decentralized networks, cryptocurrency infrastructure and privacy-enhancing technologies.

Its activities may include investing in digital assets and blockchain-related opportunities, as well as developing or participating in businesses connected to cryptocurrency and decentralized technology.

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