Cypherpunk Technologies (NASDAQ:CYPH) Director Patricia Martin Sells 50,000 Shares of Stock

Cypherpunk Technologies (NASDAQ:CYPH) Director Patricia Martin sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $3.86, for a total value of $193,000.00. Following the sale, the director owned 118,750 shares in the company, valued at approximately $458,375. This represents a 29.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cypherpunk Technologies Trading Up 1.0%

NASDAQ CYPH opened at $4.12 on Friday. Cypherpunk Technologies has a 12 month low of $0.33 and a 12 month high of $4.19. The stock has a 50 day moving average of $1.63 and a 200-day moving average of $1.12. The company has a market cap of $443.97 million, a PE ratio of 7.36 and a beta of 0.33.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CYPH. Wall Street Zen raised shares of Cypherpunk Technologies from a “hold” rating to a “buy” rating in a report on Saturday, September 19th. Weiss Ratings upgraded Cypherpunk Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 17th. Finally, Cantor Fitzgerald boosted their price target on Cypherpunk Technologies from $1.60 to $4.90 and gave the stock an “overweight” rating in a research report on Thursday, September 10th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.90.

Hedge Funds Weigh In On Cypherpunk Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CYPH. Sequoia Financial Advisors LLC lifted its stake in shares of Cypherpunk Technologies by 217.7% during the 2nd 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 during the last quarter. Cygnus Capital Advisors LLC grew its stake in 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 buying an additional 234,968 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Cypherpunk Technologies in the 1st quarter valued at about $576,000. Caitong International Asset Management Co. Ltd bought a new position in Cypherpunk Technologies in the 4th quarter valued at about $44,000. Finally, Texas Capital Bank Wealth Management Services Inc bought a new position in Cypherpunk Technologies in the 4th quarter valued at about $121,000. 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.