Cypherpunk Technologies (NASDAQ:CYPH) Director Sells 50,000 Shares of Company Stock

Key Points

• Director Patricia Martin sold 50,000 Cypherpunk Technologies shares at an average price of $3.86, totaling $193,000. The transaction reduced her direct ownership by 29.63% to 118,750 shares.
• Cypherpunk shares rose 1.0% to $4.12, near their 52-week high of $4.19, with trading volume substantially above average. The company recently reported quarterly EPS of $0.18.
• Analyst views remain mixed: one firm upgraded the stock to “buy” and Cantor Fitzgerald set a $4.90 target with an “overweight” rating, while the consensus rating is “hold.” Institutional investors own approximately 30.46% of the company.

Cypherpunk Technologies (NASDAQ:CYPH - Get Free Report) Director Patricia Martin sold 50,000 shares of the business's stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $3.86, for a total value of $193,000.00. Following the completion of the transaction, the director directly owned 118,750 shares of the company's stock, valued at approximately $458,375. The trade was a 29.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Cypherpunk Technologies Stock Up 1.0%

Shares of NASDAQ CYPH traded up $0.04 during mid-day trading on Friday, reaching $4.12. 19,703,109 shares of the company were exchanged, compared to its average volume of 5,316,357. Cypherpunk Technologies has a 1 year low of $0.33 and a 1 year high of $4.19. The firm has a 50-day moving average of $1.57 and a 200 day moving average of $1.09. The stock has a market cap of $443.97 million, a price-to-earnings ratio of 7.36 and a beta of 0.33.

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

Wall Street Analysts Forecast Growth

CYPH has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Cypherpunk Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, September 19th. Cantor Fitzgerald raised their target price on shares of Cypherpunk Technologies from $1.60 to $4.90 and gave the company an "overweight" rating in a research note on Thursday, September 10th. Finally, Weiss Ratings raised shares of Cypherpunk Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $4.90.

Institutional Investors Weigh In On Cypherpunk Technologies

Several institutional investors have recently added to or reduced their stakes in CYPH. Renaissance Technologies LLC purchased a new stake in shares of Cypherpunk Technologies during the first quarter worth about $576,000. Cygnus Capital Advisors LLC raised its position in shares of Cypherpunk Technologies by 2,044.6% in the 2nd 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 last quarter. Texas Capital Bank Wealth Management Services Inc acquired a new stake in Cypherpunk Technologies in the 4th quarter worth approximately $121,000. Sequoia Financial Advisors LLC boosted its stake in Cypherpunk Technologies by 217.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 152,500 shares of the company's stock worth $93,000 after purchasing an additional 104,500 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Cypherpunk Technologies during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds 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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