OLD Mission Capital LLC Increases Stock Holdings in Cipher Mining Inc. (NASDAQ:CIFR)

OLD Mission Capital LLC boosted its stake in Cipher Mining Inc. (NASDAQ:CIFR) by 159.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,043 shares of the company’s stock after buying an additional 28,930 shares during the quarter. OLD Mission Capital LLC’s holdings in Cipher Mining were worth $218,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Cipher Mining by 71.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,356,044 shares of the company’s stock valued at $9,118,000 after purchasing an additional 977,963 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Cipher Mining by 47.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 98,941 shares of the company’s stock worth $383,000 after purchasing an additional 31,815 shares in the last quarter. FMR LLC increased its stake in Cipher Mining by 598.6% in the 3rd quarter. FMR LLC now owns 33,233 shares of the company’s stock valued at $129,000 after buying an additional 28,476 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Cipher Mining by 86.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,976 shares of the company’s stock worth $155,000 after buying an additional 18,494 shares in the last quarter. Finally, Verition Fund Management LLC boosted its stake in shares of Cipher Mining by 30.7% in the 3rd quarter. Verition Fund Management LLC now owns 13,130 shares of the company’s stock worth $51,000 after buying an additional 3,086 shares during the last quarter. 12.26% of the stock is currently owned by institutional investors.

Cipher Mining Price Performance

Cipher Mining stock opened at $2.23 on Tuesday. The firm has a market capitalization of $819.81 million, a P/E ratio of -17.15 and a beta of 2.65. Cipher Mining Inc. has a one year low of $1.86 and a one year high of $7.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.57 and a quick ratio of 2.57. The business has a fifty day moving average price of $4.13 and a 200-day moving average price of $4.98.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. HC Wainwright reiterated a “buy” rating and set a $8.00 price target on shares of Cipher Mining in a report on Wednesday, February 26th. Rosenblatt Securities started coverage on Cipher Mining in a research note on Friday, March 7th. They set a “buy” rating and a $6.50 target price on the stock. Keefe, Bruyette & Woods began coverage on shares of Cipher Mining in a research report on Wednesday, January 8th. They set an “outperform” rating for the company. JPMorgan Chase & Co. lowered shares of Cipher Mining from an “overweight” rating to a “neutral” rating in a research report on Thursday, March 13th. Finally, Cantor Fitzgerald reduced their target price on shares of Cipher Mining from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $8.13.

About Cipher Mining

Cipher Mining Inc, together with its subsidiaries, engages in the development and operation of industrial scale bitcoin mining data centers in the United States. The company was incorporated in 2020 and is based in New York, New York. Cipher Mining Inc operates as a subsidiary of Bitfury Holding B.V.