Sphere 3D Corp. (NASDAQ:ANY) CFO Kurt L. Kalbfleisch sold 8,802 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $2.32, for a total transaction of $20,420.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Sphere 3D Corp. (NASDAQ ANY) traded up $0.11 during trading hours on Thursday, reaching $2.44. 641,490 shares of the company’s stock traded hands, compared to its average volume of 521,750. Sphere 3D Corp. has a 52-week low of $1.90 and a 52-week high of $14.00. The company has a market cap of $15.61, a PE ratio of -0.40 and a beta of 3.33.

Sphere 3D (NASDAQ:ANY) last issued its quarterly earnings results on Thursday, November 9th. The technology company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($1.32) by $1.21. Sphere 3D had a negative net margin of 32.22% and a negative return on equity of 62.03%. research analysts expect that Sphere 3D Corp. will post -5.82 earnings per share for the current fiscal year.

Separately, Zacks Investment Research cut shares of Sphere 3D from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th.

A hedge fund recently raised its stake in Sphere 3D stock. Cyrus Capital Partners L.P. increased its position in Sphere 3D Corp. (NASDAQ:ANY) by 40.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,230,440 shares of the technology company’s stock after purchasing an additional 4,407,914 shares during the quarter. Sphere 3D makes up 0.4% of Cyrus Capital Partners L.P.’s holdings, making the stock its 10th largest position. Cyrus Capital Partners L.P. owned about 370.75% of Sphere 3D worth $2,939,000 at the end of the most recent reporting period. 11.13% of the stock is currently owned by hedge funds and other institutional investors.

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About Sphere 3D

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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