Key Points
- CAO Tiah Norton Reppas sold 6,250 shares of Sphere 3D (NASDAQ:ANY) on March 12 at an average price of $1.61 for $10,062.50, cutting her direct ownership by 33.54% to 12,384 shares.
- Company shows weak financials and small market cap: Sphere 3D reported Q EPS of -$3.27 on $2.72M revenue, with a negative net margin (~167%) and ROE (~-61%), and a market capitalization of about $5.46 million while the stock trades near $1.62.
Sphere 3D Corp. (NASDAQ:ANY - Get Free Report) CAO Tiah Norton Reppas sold 6,250 shares of Sphere 3D stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $1.61, for a total value of $10,062.50. Following the completion of the transaction, the chief accounting officer directly owned 12,384 shares in the company, valued at approximately $19,938.24. This represents a 33.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Sphere 3D Trading Up 1.3%
ANY opened at $1.62 on Friday. Sphere 3D Corp. has a 1-year low of $1.08 and a 1-year high of $12.60. The stock has a market capitalization of $5.46 million, a price-to-earnings ratio of -0.21 and a beta of 3.79. The business has a 50 day moving average of $2.15 and a 200-day moving average of $4.72.
Sphere 3D (NASDAQ:ANY - Get Free Report) last announced its earnings results on Friday, March 6th. The technology company reported ($3.27) earnings per share (EPS) for the quarter. The company had revenue of $2.72 million for the quarter. Sphere 3D had a negative return on equity of 61.18% and a negative net margin of 167.47%. Equities analysts predict that Sphere 3D Corp. will post -0.58 EPS for the current year.
Institutional Investors Weigh In On Sphere 3D
Several institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its stake in shares of Sphere 3D by 294.7% in 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. XTX Topco Ltd boosted its position in shares of Sphere 3D by 51.7% during the 2nd 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 in the last quarter. Jane Street Group LLC bought a new stake in Sphere 3D in the fourth quarter valued at about $37,000. Squarepoint Ops LLC bought a new stake in Sphere 3D in the fourth quarter valued at about $113,000. Finally, Armistice Capital LLC acquired a new position in Sphere 3D in the fourth quarter worth about $465,000. Institutional investors own 17.28% of the company's stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Sphere 3D in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Sphere 3D presently has an average rating of "Hold" and an average price target of $30.00.
View Our Latest Stock Report on Sphere 3D
About Sphere 3D
(
Get Free Report)
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.
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