Janus Henderson Group PLC Has $56.29 Million Position in Cipher Mining Inc. $CIFR

Janus Henderson Group PLC raised its stake in shares of Cipher Mining Inc. (NASDAQ:CIFR) by 1.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 4,373,982 shares of the company’s stock after purchasing an additional 81,192 shares during the period. Janus Henderson Group PLC’s holdings in Cipher Mining were worth $56,292,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CIFR. Amundi acquired a new stake in Cipher Mining in the first quarter valued at approximately $198,000. EverSource Wealth Advisors LLC boosted its holdings in Cipher Mining by 259.4% during the first quarter. EverSource Wealth Advisors LLC now owns 3,357 shares of the company’s stock valued at $43,000 after acquiring an additional 2,423 shares during the period. California State Teachers Retirement System grew its holdings in Cipher Mining by 22.2% in the 1st quarter. California State Teachers Retirement System now owns 365,966 shares of the company’s stock valued at $4,710,000 after buying an additional 66,518 shares during the last quarter. Readystate Asset Management LP acquired a new stake in shares of Cipher Mining in the first quarter worth $2,558,000. Finally, Royal Bank of Canada grew its position in Cipher Mining by 14.1% in the 1st quarter. Royal Bank of Canada now owns 408,758 shares of the company’s stock worth $5,261,000 after purchasing an additional 50,654 shares during the last quarter. 12.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Cary M. Grossman sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $21.82, for a total transaction of $436,400.00. Following the completion of the sale, the director directly owned 150,530 shares of the company’s stock, valued at approximately $3,284,564.60. This represents a 11.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Holding Ltd V3 sold 1,800,000 shares of Cipher Mining stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $26.62, for a total transaction of $47,916,000.00. Following the completion of the transaction, the insider directly owned 59,516,694 shares in the company, valued at approximately $1,584,334,394.28. The trade was a 2.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,245,336 shares of company stock worth $83,803,938 over the last ninety days. Insiders own 2.63% of the company’s stock.

Cipher Mining Stock Performance

Shares of CIFR stock opened at $22.32 on Friday. The stock has a market cap of $9.13 billion, a PE ratio of -9.58 and a beta of 3.18. The stock has a 50-day moving average of $23.34 and a 200-day moving average of $19.07. The company has a debt-to-equity ratio of 6.13, a current ratio of 3.13 and a quick ratio of 3.13. Cipher Mining Inc. has a one year low of $4.55 and a one year high of $30.14.

Cipher Mining (NASDAQ:CIFR) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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 expect that Cipher Mining Inc. will post -0.79 earnings per share for the current year.

Analyst Upgrades and Downgrades

CIFR has been the topic of several recent research reports. Chardan Capital assumed coverage on Cipher Mining in a report on Monday, July 27th. They set a “buy” rating and a $32.00 price objective on the stock. Jefferies Financial Group started coverage on shares of Cipher Mining in a report on Thursday, May 14th. They set a “buy” rating and a $32.00 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Cipher Mining in a research note on Wednesday, June 24th. Morgan Stanley reduced their price objective on Cipher Mining from $48.50 to $47.00 and set an “overweight” rating on the stock in a report on Monday, July 20th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Cipher Mining from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.74.

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.