Sphere 3D (ANY) Sets New 52-Week Low at $1.89

Sphere 3D (NASDAQ:ANY)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $1.89 and last traded at $1.87, with a volume of 1775029 shares trading hands. The stock had previously closed at $2.26.

Several research firms have issued reports on ANY. ValuEngine upgraded shares of Sphere 3D from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded shares of Sphere 3D from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th.

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The firm has a market cap of $15.14, a P/E ratio of -0.22 and a beta of 1.95.

In other news, major shareholder Cyrus Capital Partners, L.P. sold 609,215 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $1.50, for a total transaction of $913,822.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jenny C. Yeh sold 22,752 shares of the stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $2.50, for a total transaction of $56,880.00. The disclosure for this sale can be found here. Insiders sold 647,894 shares of company stock valued at $1,007,022 in the last 90 days.

A hedge fund recently raised its stake in Sphere 3D stock. Cyrus Capital Partners L.P. increased its position in shares of Sphere 3D (NASDAQ:ANY) by 57.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 959,843 shares of the technology company’s stock after purchasing an additional 350,628 shares during the period. Sphere 3D makes up approximately 0.2% of Cyrus Capital Partners L.P.’s portfolio, making the stock its 15th largest position. Cyrus Capital Partners L.P. owned about 14.33% of Sphere 3D worth $2,361,000 at the end of the most recent quarter. 16.73% of the stock is owned by hedge funds and other institutional investors.

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Sphere 3D Company Profile

Sphere 3D Corp. provides virtualization technologies and data management solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It enables organizations to deploy a combination of public, private, or hybrid cloud strategies through containerized applications, virtual desktops, virtual storage, and physical hyper-converged platforms.

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