Leonteq Securities AG Acquires Shares of 28,024 Cipher Mining Inc. $CIFR

Leonteq Securities AG acquired a new stake in Cipher Mining Inc. (NASDAQ:CIFR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 28,024 shares of the company’s stock, valued at approximately $414,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CIFR. Millennium Management LLC acquired a new position in Cipher Mining in the 1st quarter valued at $9,316,000. Goldman Sachs Group Inc. boosted its position in shares of Cipher Mining by 52.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,680,219 shares of the company’s stock valued at $10,765,000 after acquiring an additional 1,610,073 shares during the period. Franklin Resources Inc. bought a new stake in shares of Cipher Mining in the second quarter valued at about $98,000. Prudential Financial Inc. boosted its position in shares of Cipher Mining by 113.7% in the second quarter. Prudential Financial Inc. now owns 31,595 shares of the company’s stock valued at $151,000 after acquiring an additional 16,810 shares during the period. Finally, XTX Topco Ltd boosted its position in shares of Cipher Mining by 65.2% in the second quarter. XTX Topco Ltd now owns 29,708 shares of the company’s stock valued at $142,000 after acquiring an additional 11,725 shares during the period. 12.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CIFR shares. Wall Street Zen cut shares of Cipher Mining from a “hold” rating to a “strong sell” rating in a research report on Sunday, March 1st. Needham & Company LLC boosted their target price on shares of Cipher Mining from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, May 15th. 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 report on Wednesday, May 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cipher Mining in a research report on Friday, March 27th. Finally, Morgan Stanley boosted their target price on shares of Cipher Mining to $42.50 and gave the company an “overweight” rating in a research report on Tuesday. Fifteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Cipher Mining has an average rating of “Moderate Buy” and an average target price of $27.00.

Cipher Mining Trading Up 2.1%

CIFR opened at $21.97 on Friday. Cipher Mining Inc. has a twelve month low of $3.08 and a twelve month high of $25.52. The company has a 50-day simple moving average of $17.18 and a 200 day simple moving average of $16.97. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 6.13. The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of -9.43 and a beta of 3.13.

Cipher Mining (NASDAQ:CIFR) last posted 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. The firm’s revenue for the quarter was down 28.8% compared to the same quarter last year. Analysts predict that Cipher Mining Inc. will post -0.8 EPS for the current fiscal year.

Insider Buying and Selling at Cipher Mining

In related news, Director Wesley Hastie Williams sold 14,567 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $21.41, for a total transaction of $311,879.47. Following the completion of the sale, the director owned 115,409 shares of the company’s stock, valued at $2,470,906.69. This represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Cary M. Grossman sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $21.82, for a total transaction of $436,400.00. Following the sale, the director directly owned 150,530 shares of the company’s stock, valued at $3,284,564.60. This represents a 11.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 258,965 shares of company stock valued at $4,588,569 over the last three months. 2.63% of the stock is owned by insiders.

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.