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 company’s 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 completion of the transaction, the chief accounting officer directly owned 12,384 shares in the company, valued at approximately $19,938.24. The trade was a 33.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sphere 3D Stock Up 1.3%

Shares of ANY stock traded up $0.02 during mid-day trading on Friday, hitting $1.62. 239,508 shares of the stock were exchanged, compared to its average volume of 1,562,123. The company has a market cap of $5.46 million, a PE ratio of -0.21 and a beta of 3.79. Sphere 3D Corp. has a 52-week low of $1.08 and a 52-week high of $12.60. The firm has a fifty day moving average of $2.15 and a 200 day moving average of $4.72.

Sphere 3D (NASDAQ:ANY) last posted its quarterly earnings results on Friday, March 6th. The technology company reported ($3.27) earnings per share for the quarter. The business 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.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd raised its stake in shares of Sphere 3D by 678.6% in the 4th quarter. XTX Topco Ltd now owns 131,326 shares of the technology company’s stock worth $39,000 after buying an additional 114,460 shares in the last quarter. Armistice Capital LLC purchased a new stake in shares of Sphere 3D in the fourth quarter valued at $465,000. Squarepoint Ops LLC acquired a new stake in Sphere 3D during the 4th quarter worth about $113,000. Jane Street Group LLC purchased a new position in Sphere 3D during the fourth quarter valued at approximately $37,000. Finally, BNP Paribas Financial Markets increased its position in Sphere 3D by 294.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock worth $37,000 after purchasing an additional 37,427 shares during the last quarter. Institutional investors and hedge funds own 17.28% of the company’s stock.

About Sphere 3D

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.