31,240 Shares in Cipher Mining Inc. $CIFR Acquired by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc bought a new position in Cipher Mining Inc. (NASDAQ:CIFR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 31,240 shares of the company’s stock, valued at approximately $461,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Cipher Mining by 43.2% in the 4th quarter. Vanguard Group Inc. now owns 32,680,186 shares of the company’s stock worth $482,360,000 after acquiring an additional 9,865,533 shares in the last quarter. Geode Capital Management LLC increased its holdings in Cipher Mining by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 8,164,226 shares of the company’s stock worth $120,519,000 after acquiring an additional 558,105 shares in the last quarter. Tidal Investments LLC increased its holdings 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 acquiring an additional 1,541,138 shares in the last quarter. Invesco Ltd. increased its holdings in Cipher Mining by 40.0% in the 3rd quarter. Invesco Ltd. now owns 6,852,074 shares of the company’s stock worth $86,268,000 after acquiring an additional 1,958,385 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in Cipher Mining by 64.9% in the 3rd quarter. Two Sigma Investments LP now owns 6,746,401 shares of the company’s stock worth $84,937,000 after acquiring an additional 2,655,015 shares in the last quarter. 12.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cipher Mining

In other news, COO Patrick Arthur Kelly sold 48,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $19.36, for a total value of $929,280.00. Following the transaction, the chief operating officer owned 1,451,856 shares of the company’s stock, valued at approximately $28,107,932.16. The trade was a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tyler Page sold 37,500 shares of the business’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $16.11, for a total transaction of $604,125.00. Following the completion of the transaction, the chief executive officer directly owned 8,263,862 shares in the company, valued at $133,130,816.82. This trade represents a 0.45% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 258,965 shares of company stock valued at $4,588,569. 2.63% of the stock is owned by corporate insiders.

Cipher Mining Price Performance

CIFR stock opened at $24.59 on Friday. Cipher Mining Inc. has a one year low of $3.08 and a one year high of $25.56. The company’s fifty day moving average price is $17.91 and its 200-day moving average price is $16.96. The company has a debt-to-equity ratio of 6.13, a quick ratio of 3.13 and a current ratio of 3.13. The company has a market capitalization of $10.06 billion, a PE ratio of -10.55 and a beta of 3.13.

Cipher Mining (NASDAQ:CIFR) last released its earnings results on Tuesday, May 5th. The company reported ($0.28) EPS 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 company had revenue of $34.84 million during the quarter, compared to analysts’ expectations of $36.12 million. Cipher Mining’s revenue was down 28.8% compared to the same quarter last year. On average, equities analysts anticipate that Cipher Mining Inc. will post -0.8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CIFR shares. Zacks Research raised shares of Cipher Mining from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 25th. BTIG Research reissued a “buy” rating and issued a $25.00 target price on shares of Cipher Mining in a report on Wednesday, May 6th. Rosenblatt Securities increased their target price on shares of Cipher Mining from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Keefe, Bruyette & Woods increased their target price on shares of Cipher Mining from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, HC Wainwright increased their price objective on shares of Cipher Mining from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Fifteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

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.