Kurt Kalbfleisch Sells 9,800 Shares of Sphere 3D (NASDAQ:ANY) Stock

Sphere 3D Corp. (NASDAQ:ANY) CEO Kurt Kalbfleisch sold 9,800 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $1.59, for a total transaction of $15,582.00. Following the transaction, the chief executive officer owned 64,455 shares of the company’s stock, valued at $102,483.45. This trade represents a 13.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Sphere 3D Stock Up 1.3%

Sphere 3D stock opened at $1.62 on Friday. The company’s 50-day moving average price is $2.15 and its 200-day moving average price is $4.71. 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 twelve month low of $1.08 and a twelve month high of $12.60.

Sphere 3D (NASDAQ:ANY) last announced its quarterly earnings results on Friday, March 6th. The technology company reported ($3.27) EPS for the quarter. The business had revenue of $2.72 million during the quarter. Sphere 3D had a negative net margin of 167.47% and a negative return on equity of 61.18%. As a group, sell-side analysts expect that Sphere 3D Corp. will post -0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sphere 3D

Several hedge funds and other institutional investors have recently made changes to their positions in ANY. Armistice Capital LLC purchased a new position in shares of Sphere 3D during the 4th quarter worth about $465,000. Squarepoint Ops LLC purchased a new stake in Sphere 3D in the 4th quarter worth about $113,000. XTX Topco Ltd raised its position in 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 purchasing an additional 114,460 shares during the period. Jane Street Group LLC bought a new stake in Sphere 3D in the fourth quarter worth about $37,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Sphere 3D by 294.7% during the third 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 during the period. Hedge funds and other institutional investors own 17.28% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sphere 3D in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.00.

Sphere 3D Company Profile

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.