Cypherpunk Technologies (NASDAQ:CYPH) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Cypherpunk Technologies (NASDAQ:CYPH) from a hold rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Other equities analysts also recently issued research reports about the stock. Cantor Fitzgerald lifted their price target on shares of Cypherpunk Technologies from $1.60 to $4.90 and gave the company an “overweight” rating in a report on Thursday, September 10th. Weiss Ratings raised shares of Cypherpunk Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Cypherpunk Technologies currently has an average rating of “Hold” and a consensus price target of $4.90.

Cypherpunk Technologies Stock Performance

NASDAQ:CYPH opened at $3.60 on Friday. The stock has a 50-day simple moving average of $1.33 and a two-hundred day simple moving average of $1.00. The firm has a market capitalization of $387.94 million, a PE ratio of 6.43 and a beta of 0.33. Cypherpunk Technologies has a 52-week low of $0.28 and a 52-week high of $3.71.

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

Insider Buying and Selling

In other Cypherpunk Technologies news, Director Thomas Dietz sold 20,000 shares of the 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 completion of the transaction, the director owned 132,500 shares of the company’s stock, valued at $227,900. This represents a 13.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cypherpunk Technologies

Large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Cypherpunk Technologies in the 4th quarter worth $44,000. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Cypherpunk Technologies in the 4th quarter valued at about $121,000. Sequoia Financial Advisors LLC grew its position in Cypherpunk Technologies by 217.7% in the second 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 in the last quarter. Cygnus Capital Advisors LLC grew its position in Cypherpunk Technologies by 2,044.6% in the second 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. Finally, Renaissance Technologies LLC bought a new stake in Cypherpunk Technologies during the first quarter worth approximately $576,000. 30.46% of the stock is owned by institutional investors.

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.