Key Points
- Director Patricia Martin sold 50,000 Cypherpunk Technologies shares at an average price of $3.86, generating $193,000 and reducing her direct ownership by 29.63% to 118,750 shares.
- CYPH opened at $4.12, near its 52-week high of $4.19, with a market capitalization of approximately $444 million. The company recently reported quarterly earnings of $0.18 per share.
- Institutional investors own 30.46% of the stock, while analyst opinions remain mixed: the stock has an overall “Hold” rating and a consensus price target of $4.90.
Cypherpunk Technologies (NASDAQ:CYPH - Get Free Report) Director Patricia Martin sold 50,000 shares of Cypherpunk Technologies stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $3.86, for a total value of $193,000.00. Following the sale, the director directly owned 118,750 shares of the company's stock, valued at approximately $458,375. The trade was a 29.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Cypherpunk Technologies Price Performance
CYPH opened at $4.12 on Friday. The business has a fifty day simple moving average of $1.63 and a 200 day simple moving average of $1.12. Cypherpunk Technologies has a 1 year low of $0.33 and a 1 year high of $4.19. The company has a market capitalization of $443.97 million, a PE ratio of 7.36 and a beta of 0.33.
Cypherpunk Technologies (NASDAQ:CYPH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.18 earnings per share for the quarter.
Hedge Funds Weigh In On Cypherpunk Technologies
Several hedge funds have recently bought and sold shares of CYPH. Sequoia Financial Advisors LLC lifted its holdings in shares of Cypherpunk Technologies by 217.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 152,500 shares of the company's stock worth $93,000 after acquiring an additional 104,500 shares during the period. Cygnus Capital Advisors LLC boosted its position in shares of Cypherpunk Technologies by 2,044.6% during the 2nd quarter. Cygnus Capital Advisors LLC now owns 246,460 shares of the company's stock worth $151,000 after acquiring an additional 234,968 shares in the last quarter. Renaissance Technologies LLC bought a new position in Cypherpunk Technologies in the first quarter valued at approximately $576,000. Caitong International Asset Management Co. Ltd bought a new position in Cypherpunk Technologies in the fourth quarter valued at approximately $44,000. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new position in Cypherpunk Technologies during the fourth quarter valued at approximately $121,000. 30.46% of the stock is owned by institutional investors.
Analyst Ratings Changes
CYPH has been the topic of a number of recent research reports. Wall Street Zen raised shares of Cypherpunk Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, September 19th. Weiss Ratings raised shares of Cypherpunk Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, August 17th. Finally, Cantor Fitzgerald boosted their price target on Cypherpunk Technologies from $1.60 to $4.90 and gave the company an "overweight" rating in a research note on Thursday, September 10th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Cypherpunk Technologies presently has an average rating of "Hold" and an average price target of $4.90.
Check Out Our Latest Stock Analysis on Cypherpunk Technologies
Cypherpunk Technologies Company Profile
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
