Sphere 3D (NASDAQ:ANY) saw unusually-strong trading volume on Monday . Approximately 2,577,171 shares were traded during trading, an increase of 254% from the previous session’s volume of 727,835 shares.The stock last traded at $0.49 and had previously closed at $0.38.
Separately, ValuEngine upgraded shares of Sphere 3D from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd.
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Sphere 3D (NASDAQ:ANY) last released its earnings results on Wednesday, March 21st. The technology company reported ($0.35) earnings per share (EPS) for the quarter. Sphere 3D had a negative net margin of 31.80% and a negative return on equity of 84.04%. The company had revenue of $18.67 million during the quarter.
In related news, major shareholder Cyrus Capital Partners, L.P. sold 609,215 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $1.50, for a total value of $913,822.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 618,685 shares of company stock valued at $923,796. 1.08% of the stock is owned by insiders.
A hedge fund recently raised its stake in Sphere 3D stock. Cyrus Capital Partners L.P. raised its holdings in shares of Sphere 3D (NASDAQ:ANY) by 57.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 959,843 shares of the technology company’s stock after buying an additional 350,628 shares during the period. Sphere 3D comprises 0.2% of Cyrus Capital Partners L.P.’s investment portfolio, making the stock its 15th largest position. Cyrus Capital Partners L.P. owned 14.33% of Sphere 3D worth $2,361,000 as of its most recent SEC filing. 6.56% of the stock is owned by institutional investors.
About Sphere 3D
Sphere 3D Corp. provides data management, and desktop and application virtualization 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.