Cypherpunk Technologies (NASDAQ:CYPH) Rating Lowered to “Hold” at Wall Street Zen

Cypherpunk Technologies (NASDAQ:CYPH – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also recently issued reports on the company. Cantor Fitzgerald boosted their price objective on Cypherpunk Technologies from $1.60 to $4.90 and gave the company an “overweight” rating in a research note on Thursday, September 10th. Weiss Ratings upgraded shares of Cypherpunk Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Cypherpunk Technologies has an average rating of “Hold” and a consensus price target of $4.90.

Check Out Our Latest Stock Analysis on CYPH

Cypherpunk Technologies Price Performance

NASDAQ:CYPH opened at $3.03 on Friday. The company has a market capitalization of $326.51 million, a P/E ratio of 5.41 and a beta of 0.86. The business has a fifty day simple moving average of $1.88 and a two-hundred day simple moving average of $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 EPS for the quarter.

Insider Transactions at Cypherpunk Technologies

In related news, 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 of the company’s stock, valued at approximately $227,900. This represents a 13.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Patricia Martin sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $3.86, for a total transaction of $193,000.00. Following the completion of the transaction, the director owned 118,750 shares of the company’s stock, valued at $458,375. This trade represents a 29.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Cypherpunk Technologies

A number of large investors have recently modified their holdings of the stock. Renaissance Technologies LLC bought a new position in Cypherpunk Technologies in 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 worth $151,000 after acquiring an additional 234,968 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake 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 period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Cypherpunk Technologies during the fourth quarter valued at approximately $44,000. Institutional investors own 30.46% of the company’s stock.

Cypherpunk Technologies Company Profile

(Get Free Report)

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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