Cypherpunk Technologies (NASDAQ:CYPH) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of Cypherpunk Technologies (NASDAQ:CYPH) from a buy rating to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

CYPH has been the subject of several other research reports. Weiss Ratings raised Cypherpunk Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 17th. Cantor Fitzgerald raised their target price on Cypherpunk Technologies from $1.60 to $4.90 and gave the stock an “overweight” rating in a report on Thursday, September 10th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Cypherpunk Technologies presently has a consensus rating of “Hold” and a consensus target price of $4.90.

Cypherpunk Technologies Price Performance

NASDAQ CYPH opened at $3.03 on Friday. The company has a market capitalization of $326.51 million, a PE ratio of 5.41 and a beta of 0.86. The company has a fifty day moving average of $1.88 and a 200 day moving average of $1.21. Cypherpunk Technologies has a 1 year low of $0.39 and a 1 year high of $4.19.

Cypherpunk Technologies (NASDAQ:CYPH) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.18 EPS for the quarter.

Insider Transactions at Cypherpunk Technologies

In related news, Director Patricia Martin sold 50,000 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $3.86, for a total transaction of $193,000.00. Following the transaction, the director directly owned 118,750 shares in the company, 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. Also, Director Thomas Dietz sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1.72, for a total transaction of $34,400.00. Following the sale, the director directly owned 132,500 shares of the company’s stock, valued at approximately $227,900. This represents a 13.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC purchased a new stake in shares of Cypherpunk Technologies in the first quarter valued at approximately $576,000. Cygnus Capital Advisors LLC lifted its position in Cypherpunk Technologies by 2,044.6% during the second quarter. Cygnus Capital Advisors LLC now owns 246,460 shares of the company’s stock worth $151,000 after buying an additional 234,968 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Cypherpunk Technologies by 217.7% during the second quarter. Sequoia Financial Advisors LLC now owns 152,500 shares of the company’s stock worth $93,000 after buying an additional 104,500 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Cypherpunk Technologies during the fourth quarter worth $44,000. 30.46% of the stock is currently owned by institutional investors and hedge funds.

About Cypherpunk Technologies

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.