Paloma Partners Management Co Has $464,000 Stock Position in Cipher Mining Inc. (NASDAQ:CIFR)

Paloma Partners Management Co lowered its stake in shares of Cipher Mining Inc. (NASDAQ:CIFR) by 90.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,000 shares of the company’s stock after selling 941,000 shares during the period. Paloma Partners Management Co’s holdings in Cipher Mining were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CIFR. Voya Investment Management LLC increased its position in shares of Cipher Mining by 3.6% during the fourth quarter. Voya Investment Management LLC now owns 59,135 shares of the company’s stock worth $274,000 after acquiring an additional 2,036 shares in the last quarter. Xponance Inc. increased its position in shares of Cipher Mining by 17.8% during the fourth quarter. Xponance Inc. now owns 14,151 shares of the company’s stock worth $66,000 after acquiring an additional 2,140 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Cipher Mining by 17.4% during the fourth quarter. Russell Investments Group Ltd. now owns 14,524 shares of the company’s stock worth $67,000 after acquiring an additional 2,149 shares in the last quarter. Tobam increased its position in shares of Cipher Mining by 22.7% during the fourth quarter. Tobam now owns 18,023 shares of the company’s stock worth $84,000 after acquiring an additional 3,336 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Cipher Mining by 14.4% during the fourth quarter. Victory Capital Management Inc. now owns 29,747 shares of the company’s stock worth $138,000 after acquiring an additional 3,751 shares in the last quarter. Institutional investors and hedge funds own 12.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CIFR. Canaccord Genuity Group reissued a “buy” rating and set a $8.00 target price on shares of Cipher Mining in a research report on Wednesday, February 26th. Needham & Company LLC decreased their target price on shares of Cipher Mining from $7.50 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. JPMorgan Chase & Co. downgraded shares of Cipher Mining from an “overweight” rating to a “neutral” rating in a research report on Thursday, March 13th. Keefe, Bruyette & Woods began coverage on shares of Cipher Mining in a research report on Wednesday, January 8th. They issued an “outperform” rating for the company. Finally, Cantor Fitzgerald reduced their price objective 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 equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $8.13.

Cipher Mining Stock Down 0.6 %

Cipher Mining stock opened at $3.06 on Tuesday. Cipher Mining Inc. has a twelve month low of $1.86 and a twelve month high of $7.99. The firm has a 50 day moving average price of $3.07 and a 200-day moving average price of $4.82. The company has a market capitalization of $1.14 billion, a P/E ratio of -23.54 and a beta of 2.65. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.01.

Cipher Mining Company Profile

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.