Cypherpunk Technologies (NASDAQ:CYPH) Cut to Hold at Wall Street Zen

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

Several other research firms have also commented on CYPH. Cantor Fitzgerald raised their price objective on Cypherpunk Technologies from $1.60 to $4.90 and gave the company an “overweight” rating in a research report on Thursday, September 10th. Weiss Ratings raised Cypherpunk Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 17th. One research 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 $4.90.

Cypherpunk Technologies Price Performance

NASDAQ CYPH opened at $3.17 on Friday. The company has a market cap of $341.61 million, a P/E ratio of 5.66 and a beta of 0.86. Cypherpunk Technologies has a 12 month low of $0.39 and a 12 month high of $4.19. The company has a 50-day moving average of $1.93 and a 200-day moving average of $1.23.

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

Insider Buying and Selling at Cypherpunk Technologies

In other Cypherpunk Technologies news, Director Patricia A. Martin sold 50,000 shares of the business’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $3.86, for a total value of $193,000.00. Following the transaction, the director owned 118,750 shares in the company, valued at $458,375. The trade was a 29.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 completion of the transaction, the director directly owned 132,500 shares of the company’s stock, valued at approximately $227,900. The trade was a 13.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Cypherpunk Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of CYPH. Caitong International Asset Management Co. Ltd bought a new position in Cypherpunk Technologies during the 4th quarter worth approximately $44,000. Sequoia Financial Advisors LLC increased its holdings in shares of Cypherpunk Technologies by 217.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 152,500 shares of the company’s stock valued at $93,000 after acquiring an additional 104,500 shares during the last quarter. Cygnus Capital Advisors LLC increased its holdings in shares of Cypherpunk Technologies by 2,044.6% in the 2nd quarter. Cygnus Capital Advisors LLC now owns 246,460 shares of the company’s stock valued at $151,000 after acquiring an additional 234,968 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Cypherpunk Technologies during the 1st quarter valued at approximately $576,000. 30.46% of the stock is owned by hedge funds and other institutional investors.

Cypherpunk Technologies Company Profile

Cypherpunk Technologies Inc is a digital-asset and blockchain-focused technology company. The company’s activities have centered on investing in and developing technologies related to cryptocurrencies, blockchain networks and digital privacy.

Historically, the business operated as Cypherpunk Holdings Inc and emphasized privacy-enhancing technologies and cryptocurrency assets, including exposure to digital currencies such as Bitcoin, Ethereum and Monero. The company later adopted the Cypherpunk Technologies name as it expanded its focus within the broader digital-asset and blockchain sector.

Cypherpunk Technologies serves the global digital-asset and blockchain ecosystem.