SLT Holdings LLC Makes New $1.15 Million Investment in Cypherpunk Technologies $CYPH

SLT Holdings LLC acquired a new position in shares of Cypherpunk Technologies (NASDAQ:CYPH) in the third quarter, HoldingsChannel.com reports. The firm acquired 346,000 shares of the company’s stock, valued at approximately $1,152,000.

Other large investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new stake in Cypherpunk Technologies in the first quarter valued at $576,000. Sapient Capital LLC acquired a new position in shares of Cypherpunk Technologies during the third quarter valued at $395,000. Cygnus Capital Advisors LLC boosted its holdings in shares of Cypherpunk Technologies by 2,044.6% during the second 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 period. Sequoia Financial Advisors LLC grew its position in shares of Cypherpunk Technologies by 217.7% during 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 during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Cypherpunk Technologies during the fourth quarter worth about $44,000. 30.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CYPH has been the topic of a number of analyst reports. Wall Street Zen cut shares of Cypherpunk Technologies from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. Cantor Fitzgerald lifted their price objective on shares of Cypherpunk Technologies from $1.60 to $4.90 and gave the company an “overweight” rating in a research report on Thursday, September 10th. Finally, 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 investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Cypherpunk Technologies presently has a consensus rating of “Hold” and a consensus price target of $4.90.

Cypherpunk Technologies Trading Up 15.3%

Shares of NASDAQ CYPH opened at $3.02 on Friday. Cypherpunk Technologies has a 12-month low of $0.39 and a 12-month high of $4.19. The stock has a 50 day simple moving average of $2.30 and a 200-day simple moving average of $1.35.

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

Insiders Place Their Bets

In other news, Director Thomas Dietz sold 20,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1.72, for a total value of $34,400.00. Following the completion of the transaction, the director owned 132,500 shares of the company’s stock, valued at approximately $227,900. This represents a 13.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Patricia Martin sold 50,000 shares of the firm’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 directly owned 118,750 shares in the company, valued at $458,375. This trade represents a 29.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 3.50% of the company’s stock.

About Cypherpunk Technologies

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.