Cypherpunk Technologies (NASDAQ:CYPH) Stock Rating Cut to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Cypherpunk Technologies from “Buy” to “Hold,” bringing the consensus rating to “Hold” with a $4.90 target price.
• CYPH shares opened at $3.03, compared with a 52-week range of $0.39 to $4.19; the company reported quarterly EPS of $0.18.
• Two directors recently sold shares, while institutional ownership stands at 30.46%; several funds, including Cygnus Capital Advisors and Sequoia Financial Advisors, increased their positions.

Cypherpunk Technologies (NASDAQ:CYPH - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

Several other research analysts have also recently issued reports on CYPH. Weiss Ratings upgraded Cypherpunk Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday, August 17th. Cantor Fitzgerald boosted their target price on shares of Cypherpunk Technologies from $1.60 to $4.90 and gave the stock an "overweight" rating in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Cypherpunk Technologies presently has a consensus rating of "Hold" and a consensus target price of $4.90.

Cypherpunk Technologies Stock Performance

Shares of CYPH opened at $3.03 on Friday. The stock has a market capitalization of $326.52 million, a P/E ratio of 5.41 and a beta of 0.85. The company's fifty day moving average is $1.88 and its two-hundred day moving average is $1.21. Cypherpunk Technologies has a 1 year low of $0.39 and a 1 year high of $4.19.

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

Insiders Place Their Bets

In related news, Director Thomas Dietz sold 20,000 shares of the company's 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 directly owned 132,500 shares in the company, 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 the SEC website. Also, Director Patricia A. Martin sold 50,000 shares of the stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $3.86, for a total value of $193,000.00. Following the transaction, the director owned 118,750 shares in the company, valued at $458,375. This trade represents a 29.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.50% of the company's stock.

Institutional Trading of Cypherpunk Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CYPH. Cygnus Capital Advisors LLC grew its holdings in Cypherpunk Technologies by 2,044.6% in the second quarter. Cygnus Capital Advisors LLC now owns 246,460 shares of the company's stock valued at $151,000 after purchasing an additional 234,968 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Cypherpunk Technologies during the fourth quarter worth approximately $44,000. Renaissance Technologies LLC acquired a new position in shares of Cypherpunk Technologies in the 1st quarter valued at $576,000. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Cypherpunk Technologies by 217.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 152,500 shares of the company's stock valued at $93,000 after purchasing an additional 104,500 shares during the last quarter. Hedge funds and other institutional investors own 30.46% of the company's stock.

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.

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