346,000 Shares of Cypherpunk Technologies $CYPH Bought by SLT Holdings LLC

Key Points

• SLT Holdings LLC acquired 346,000 shares of Cypherpunk Technologies in the third quarter, valued at approximately $1.15 million and representing about 0.32% of the company.
• Other institutional investors also increased or initiated positions, bringing institutional ownership to 30.46% of Cypherpunk’s stock.
• Analyst sentiment remains mixed, with the stock carrying an average “Hold” rating and a $4.90 average price target; meanwhile, two company directors recently sold shares.

SLT Holdings LLC bought a new stake in Cypherpunk Technologies (NASDAQ:CYPH - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 346,000 shares of the company's stock, valued at approximately $1,152,000. SLT Holdings LLC owned approximately 0.32% of Cypherpunk Technologies as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Sapient Capital LLC bought a new position in shares of Cypherpunk Technologies during the third quarter worth about $395,000. Sequoia Financial Advisors LLC increased its holdings in Cypherpunk Technologies by 217.7% in the second quarter. Sequoia Financial Advisors LLC now owns 152,500 shares of the company's stock valued at $93,000 after buying an additional 104,500 shares during the last quarter. Cygnus Capital Advisors LLC increased 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 buying an additional 234,968 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Cypherpunk Technologies during the first quarter valued at approximately $576,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Cypherpunk Technologies during the fourth quarter valued at approximately $44,000. Institutional investors own 30.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CYPH. Wall Street Zen downgraded Cypherpunk Technologies from a "buy" rating to a "hold" rating in a report on Saturday, October 3rd. Weiss Ratings upgraded Cypherpunk Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday, August 17th. Finally, Cantor Fitzgerald boosted their price target on Cypherpunk Technologies from $1.60 to $4.90 and gave the company an "overweight" rating in a 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 data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $4.90.

Insider Activity

In related news, Director Patricia Martin sold 50,000 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $3.86, for a total transaction of $193,000.00. Following the sale, the director owned 118,750 shares in the company, valued at $458,375. This represents a 29.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas Dietz sold 20,000 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1.72, for a total transaction of $34,400.00. Following the sale, the director owned 132,500 shares in the company, valued at approximately $227,900. This trade represents a 13.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.50% of the stock is owned by corporate insiders.

Cypherpunk Technologies Price Performance

Shares of NASDAQ:CYPH opened at $3.02 on Friday. Cypherpunk Technologies has a 1-year low of $0.39 and a 1-year high of $4.19. The company's fifty day moving average is $2.30 and its two-hundred day moving average is $1.35.

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

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.

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