41,585 Shares in Cipher Mining Inc. $CIFR Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC acquired a new position in shares of Cipher Mining Inc. (NASDAQ:CIFR) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 41,585 shares of the company’s stock, valued at approximately $614,000.

A number of other hedge funds also recently bought and sold shares of CIFR. Los Angeles Capital Management LLC acquired a new position in shares of Cipher Mining in the fourth quarter worth about $25,000. Arax Advisory Partners increased its position in shares of Cipher Mining by 274.2% in the fourth quarter. Arax Advisory Partners now owns 1,826 shares of the company’s stock worth $27,000 after acquiring an additional 1,338 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Cipher Mining by 218.3% during the fourth quarter. GAMMA Investing LLC now owns 1,875 shares of the company’s stock valued at $28,000 after acquiring an additional 1,286 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Cipher Mining during the fourth quarter valued at approximately $28,000. Finally, Danske Bank A S lifted its position in shares of Cipher Mining by 1,150.0% in the 4th quarter. Danske Bank A S now owns 2,500 shares of the company’s stock valued at $37,000 after acquiring an additional 2,300 shares in the last quarter. 12.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Wesley Hastie Williams sold 14,567 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $21.41, for a total value of $311,879.47. Following the completion of the sale, the director owned 115,409 shares of the company’s stock, valued at approximately $2,470,906.69. The trade was a 11.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Holding Ltd V3 sold 1,200,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $25.49, for a total value of $30,588,000.00. Following the completion of the transaction, the insider owned 58,316,694 shares in the company, valued at $1,486,492,530.06. This represents a 2.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,132,836 shares of company stock worth $81,420,063 in the last quarter. Corporate insiders own 2.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CIFR. Cantor Fitzgerald decreased their price objective on shares of Cipher Mining from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. HC Wainwright boosted their target price on shares of Cipher Mining from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Keefe, Bruyette & Woods increased their target price on Cipher Mining from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Jefferies Financial Group started coverage on Cipher Mining in a research report on Thursday, May 14th. They issued a “buy” rating and a $32.00 target price for the company. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $30.00 price target on shares of Cipher Mining in a report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.31.

Cipher Mining Price Performance

CIFR opened at $20.04 on Friday. The stock has a fifty day moving average price of $22.77 and a 200 day moving average price of $18.30. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 6.13. Cipher Mining Inc. has a 1 year low of $4.55 and a 1 year high of $30.14. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of -8.60 and a beta of 3.18.

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

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.