Investors Buy High Volume of Cypherpunk Technologies Call Options (NASDAQ:CYPH)

by · The Cerbat Gem

Cypherpunk Technologies (NASDAQ:CYPH – Get Free Report) was the target of unusually large options trading activity on Monday. Traders bought 6,722 call options on the company. This is an increase of approximately 42% compared to the average daily volume of 4,723 call options.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wall Street Zen raised Cypherpunk Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, September 19th. Weiss Ratings raised Cypherpunk Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 17th. Finally, Cantor Fitzgerald upped their price objective on Cypherpunk Technologies from $1.60 to $4.90 and gave the stock an “overweight” rating in a research note on Thursday, September 10th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $4.90.

Read Our Latest Report on Cypherpunk Technologies

Insider Buying and Selling

In other news, Director Patricia A. Martin sold 50,000 shares of the firm’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 transaction, the director directly owned 118,750 shares in the company, valued at $458,375. This trade represents a 29.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Thomas Dietz sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1.72, for a total value 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 3.50% of the company’s stock.

Institutional Trading of Cypherpunk Technologies

A number of large investors have recently added to or reduced their stakes in CYPH. Sequoia Financial Advisors LLC grew its holdings in shares of 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 purchasing an additional 104,500 shares in the last quarter. Cygnus Capital Advisors LLC raised its stake in Cypherpunk Technologies by 2,044.6% during 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 in the last quarter. Renaissance Technologies LLC bought a new position in Cypherpunk Technologies during the first quarter valued at $576,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Cypherpunk Technologies during the fourth quarter valued at $44,000. Institutional investors own 30.46% of the company’s stock.

Cypherpunk Technologies Stock Down 14.3%

NASDAQ CYPH traded down $0.59 on Monday, reaching $3.53. The company had a trading volume of 16,367,536 shares, compared to its average volume of 5,373,505. The stock has a market capitalization of $380.39 million, a PE ratio of 6.30 and a beta of 0.33. Cypherpunk Technologies has a 12 month low of $0.33 and a 12 month high of $4.19. The firm’s 50 day moving average price is $1.63 and its 200 day moving average price is $1.12.

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

Cypherpunk Technologies Company Profile

(Get Free Report)

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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