Cypherpunk Technologies (NASDAQ:CYPH – Get Free Report) Director Thomas John Dietz sold 20,000 shares of the firm’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 transaction, the director owned 132,500 shares in the company, valued at approximately $227,900. This trade represents a 13.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Cypherpunk Technologies Price Performance
CYPH traded up $0.26 on Thursday, hitting $1.89. 14,437,919 shares of the stock were exchanged, compared to its average volume of 3,801,312. Cypherpunk Technologies has a 12 month low of $0.27 and a 12 month high of $3.70. The firm has a market capitalization of $203.67 million, a price-to-earnings ratio of 3.37 and a beta of 0.09. The business has a 50-day moving average of $0.77 and a two-hundred day moving average of $0.81.
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 for the quarter.
Analysts Set New Price Targets
View Our Latest Analysis on Cypherpunk Technologies
Institutional Trading of Cypherpunk Technologies
Several hedge funds have recently modified their holdings of the stock. Millennium Management LLC bought a new stake in shares of Cypherpunk Technologies during the fourth quarter valued at approximately $37,000. LPL Financial LLC bought a new position in shares of Cypherpunk Technologies in the 4th quarter worth $38,000. Caitong International Asset Management Co. Ltd acquired a new stake in Cypherpunk Technologies in the 4th quarter valued at $44,000. Sequoia Financial Advisors LLC acquired a new stake in Cypherpunk Technologies in the 4th quarter valued at $56,000. Finally, HighTower Advisors LLC bought a new stake in Cypherpunk Technologies during the 4th quarter valued at $59,000. Institutional investors own 30.46% of the company’s stock.
Cypherpunk Technologies Company Profile
Cypherpunk Technologies Inc, previously known as Leap Therapeutics, Inc, is a company developing novel therapies for patients with cancer and implementing a digital asset treasury strategy focused on Zcash. The company’s research platform centers on modulating the tumor microenvironment to enhance anti-tumor immune responses. Cypherpunk’s proprietary pipeline includes DKN-01, a monoclonal antibody designed to neutralize Dickkopf-1 (DKK1), a protein implicated in tumor growth and immune evasion.
DKN-01 is being evaluated both as a monotherapy and in combination with checkpoint inhibitors such as pembrolizumab across multiple solid tumor indications, including gastroesophageal, pancreatic and other advanced malignancies.
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