Cipher Mining (NASDAQ:CIFR) COO Sells $929,280.00 in Stock

Cipher Mining Inc. (NASDAQ:CIFR) COO Patrick Arthur Kelly sold 48,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $19.36, for a total value of $929,280.00. Following the sale, the chief operating officer directly owned 1,451,856 shares of the company’s stock, valued at $28,107,932.16. This represents a 3.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Patrick Arthur Kelly also recently made the following trade(s):

• On Monday, March 16th, Patrick Arthur Kelly sold 35,568 shares of Cipher Mining stock. The stock was sold at an average price of $14.98, for a total value of $532,808.64.

Cipher Mining Stock Performance

Shares of NASDAQ:CIFR opened at $20.33 on Friday. Cipher Mining Inc. has a fifty-two week low of $3.08 and a fifty-two week high of $25.52. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of -8.73 and a beta of 3.13. The company has a debt-to-equity ratio of 6.13, a current ratio of 3.13 and a quick ratio of 3.13. The firm’s 50 day simple moving average is $16.58 and its 200 day simple moving average is $16.95.

Cipher Mining (NASDAQ:CIFR) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.01). Cipher Mining had a negative net margin of 427.79% and a negative return on equity of 117.65%. The firm had revenue of $34.84 million during the quarter, compared to analyst estimates of $36.12 million. Cipher Mining’s revenue for the quarter was down 28.8% on a year-over-year basis. As a group, sell-side analysts forecast that Cipher Mining Inc. will post -0.8 earnings per share for the current year.

Key Stories Impacting Cipher Mining

Here are the key news stories impacting Cipher Mining this week:

• Positive Sentiment: Needham raised its price target on Cipher Mining to $25 from $22 and kept a buy rating, implying meaningful upside from recent trading levels.
• Positive Sentiment: Jefferies upgraded Cipher Mining to strong-buy, adding to the optimistic analyst sentiment around the stock.
• Positive Sentiment: HC Wainwright lifted earnings estimates for Q2, Q3, Q4 and full-year 2026 while maintaining a buy rating and $30 price target, suggesting confidence in the company’s longer-term earnings path.
• Positive Sentiment: Northland Securities modestly raised its Q2 2026 EPS estimate, which points to slightly improved near-term expectations.
• Positive Sentiment: Broader market commentary on bitcoin miners with AI exposure has also been supportive of the group, helping keep investor interest elevated in CIFR.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Cantor Fitzgerald cut their price objective on Cipher Mining from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. HC Wainwright increased their price objective on Cipher Mining from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Zacks Research raised Cipher Mining from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cipher Mining in a report on Friday, March 27th. Finally, Needham & Company LLC increased their price objective on Cipher Mining from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Cipher Mining presently has an average rating of “Moderate Buy” and an average price target of $26.87.

Institutional Investors Weigh In On Cipher Mining

A number of large investors have recently added to or reduced their stakes in CIFR. Los Angeles Capital Management LLC bought a new position in Cipher Mining during the 4th quarter worth $25,000. Arax Advisory Partners increased its position in Cipher Mining by 274.2% during the 4th quarter. Arax Advisory Partners now owns 1,826 shares of the company’s stock worth $27,000 after buying an additional 1,338 shares during the period. GAMMA Investing LLC increased its position in Cipher Mining by 218.3% during the 4th quarter. GAMMA Investing LLC now owns 1,875 shares of the company’s stock worth $28,000 after buying an additional 1,286 shares during the period. Meeder Asset Management Inc. bought a new position in Cipher Mining during the 4th quarter worth $28,000. Finally, Sherman Asset Management Inc. bought a new position in Cipher Mining during the 3rd quarter worth $25,000. Institutional investors own 12.26% of the company’s stock.

Cipher Mining Company Profile

Cipher Mining Inc is a Nasdaq-listed bitcoin mining company that develops, owns and operates large-scale mining facilities across the United States. The company focuses on deploying advanced ASIC hardware and securing long-term low-cost power contracts to optimize bitcoin production. By strategically locating its sites in regions with abundant energy supply, Cipher Mining seeks to maintain a competitive cost structure and deliver efficient hashrate capacity growth.

Founded in 2021 and headquartered in Austin, Texas, Cipher Mining has pursued an integrated approach encompassing site development, equipment procurement and operations management.