Sphere 3D (NASDAQ:ANY) CAO Tiah Norton Reppas Sells 6,250 Shares

Sphere 3D Corp. (NASDAQ:ANY) CAO Tiah Norton Reppas sold 6,250 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $1.61, for a total value of $10,062.50. Following the sale, the chief accounting officer owned 12,384 shares of the company’s stock, valued at $19,938.24. This trade represents a 33.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Sphere 3D Price Performance

Sphere 3D stock opened at $1.62 on Friday. The firm’s 50 day simple moving average is $2.15 and its 200-day simple moving average is $4.72. The company has a market cap of $5.46 million, a P/E ratio of -0.21 and a beta of 3.79. Sphere 3D Corp. has a fifty-two week low of $1.08 and a fifty-two week high of $12.60.

Sphere 3D (NASDAQ:ANY) last issued its quarterly earnings results on Friday, March 6th. The technology company reported ($3.27) earnings per share for the quarter. Sphere 3D had a negative net margin of 167.47% and a negative return on equity of 61.18%. The business had revenue of $2.72 million for the quarter. On average, analysts expect that Sphere 3D Corp. will post -0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ANY. XTX Topco Ltd boosted its holdings in Sphere 3D by 51.7% during the second quarter. XTX Topco Ltd now owns 71,682 shares of the technology company’s stock valued at $42,000 after acquiring an additional 24,424 shares during the period. BNP Paribas Financial Markets grew its position in shares of Sphere 3D by 294.7% in the third quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock valued at $37,000 after purchasing an additional 37,427 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Sphere 3D in the fourth quarter worth about $37,000. Squarepoint Ops LLC bought a new position in shares of Sphere 3D in the fourth quarter worth about $113,000. Finally, Armistice Capital LLC acquired a new position in shares of Sphere 3D during the 4th quarter worth about $465,000. Institutional investors and hedge funds own 17.28% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Sphere 3D in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $30.00.

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.