Phoenix Financial Ltd. Sells 51,400 Shares of Cipher Mining Inc. $CIFR

Phoenix Financial Ltd. lowered its position in Cipher Mining Inc. (NASDAQ:CIFR) by 63.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,231 shares of the company’s stock after selling 51,400 shares during the quarter. Phoenix Financial Ltd.’s holdings in Cipher Mining were worth $381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in shares of Cipher Mining by 18.1% in the 2nd quarter. Geode Capital Management LLC now owns 7,242,210 shares of the company’s stock worth $34,621,000 after acquiring an additional 1,108,850 shares during the last quarter. Tidal Investments LLC raised its position in Cipher Mining by 28.3% in the 2nd quarter. Tidal Investments LLC now owns 6,984,438 shares of the company’s stock worth $33,386,000 after purchasing an additional 1,541,138 shares during the period. Goldman Sachs Group Inc. lifted its stake in Cipher Mining by 52.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,680,219 shares of the company’s stock worth $10,765,000 after purchasing an additional 1,610,073 shares during the last quarter. Millennium Management LLC bought a new stake in Cipher Mining in the first quarter worth $9,316,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Cipher Mining by 36.5% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,794,160 shares of the company’s stock valued at $13,356,000 after buying an additional 747,317 shares during the period. 12.26% of the stock is owned by hedge funds and other institutional investors.

Cipher Mining Stock Up 1.2%

Shares of NASDAQ:CIFR opened at $18.97 on Thursday. The stock’s 50-day moving average is $17.20 and its 200 day moving average is $13.70. The company has a market cap of $7.49 billion, a PE ratio of -105.39 and a beta of 2.94. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.49 and a quick ratio of 2.49. Cipher Mining Inc. has a 1 year low of $1.86 and a 1 year high of $25.52.

Cipher Mining (NASDAQ:CIFR) last released its quarterly earnings data on Monday, November 3rd. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.07. The business had revenue of $106.69 million during the quarter, compared to analysts’ expectations of $79.13 million. Cipher Mining had a negative return on equity of 9.57% and a negative net margin of 34.16%. Sell-side analysts anticipate that Cipher Mining Inc. will post -0.31 EPS for the current year.

Insider Buying and Selling

In other Cipher Mining news, Director Wesley Hastie Williams sold 49,867 shares of the company’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $16.08, for a total value of $801,861.36. Following the completion of the transaction, the director directly owned 158,145 shares in the company, valued at approximately $2,542,971.60. This represents a 23.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cary M. Grossman sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $19.00, for a total transaction of $475,000.00. Following the completion of the sale, the director directly owned 200,530 shares of the company’s stock, valued at approximately $3,810,070. This represents a 11.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 444,117 shares of company stock valued at $8,340,332 over the last three months. Insiders own 2.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on CIFR. JPMorgan Chase & Co. upgraded Cipher Mining from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $12.00 to $18.00 in a report on Monday, November 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Cipher Mining in a research report on Monday, December 29th. Wall Street Zen raised Cipher Mining from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. BTIG Research reissued a “buy” rating and set a $25.00 price objective on shares of Cipher Mining in a research note on Wednesday, November 5th. Finally, Citizens Jmp began coverage on shares of Cipher Mining in a report on Wednesday, November 19th. They issued an “outperform” rating and a $30.00 target price on the stock. Thirteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.54.

About Cipher Mining

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.