Regal Partners Ltd Sells 122,804 Shares of Cipher Mining Inc. $CIFR

Regal Partners Ltd lowered its stake in Cipher Mining Inc. (NASDAQ:CIFR) by 68.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,196 shares of the company’s stock after selling 122,804 shares during the period. Regal Partners Ltd’s holdings in Cipher Mining were worth $736,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new position in shares of Cipher Mining during the 4th quarter valued at about $25,000. Arax Advisory Partners raised its stake in shares of Cipher Mining by 274.2% in the 4th quarter. Arax Advisory Partners now owns 1,826 shares of the company’s stock valued at $27,000 after acquiring an additional 1,338 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Cipher Mining by 218.3% in the 4th quarter. GAMMA Investing LLC now owns 1,875 shares of the company’s stock worth $28,000 after purchasing an additional 1,286 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Cipher Mining in the 4th quarter worth approximately $28,000. Finally, Danske Bank A S boosted its position in Cipher Mining by 1,150.0% during the fourth quarter. Danske Bank A S now owns 2,500 shares of the company’s stock worth $37,000 after purchasing an additional 2,300 shares during the period. Institutional investors own 12.26% of the company’s stock.

Wall Street Analysts Forecast Growth

CIFR has been the topic of several analyst reports. Jefferies Financial Group initiated coverage on Cipher Mining in a report on Thursday, May 14th. They set a “buy” rating and a $32.00 price target on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 target price on shares of Cipher Mining in a report on Thursday, June 25th. Morgan Stanley dropped their price target on Cipher Mining from $48.50 to $47.00 and set an “overweight” rating on the stock in a research report on Monday, July 20th. Chardan Capital initiated coverage on shares of Cipher Mining in a research report on Monday. They issued a “buy” rating and a $32.00 price target on the stock. Finally, HC Wainwright raised their price objective on Cipher Mining from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $28.74.

Insider Transactions at Cipher Mining

In other news, Director James E. Newsome sold 3,758 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $26.60, for a total value of $99,962.80. Following the sale, the director owned 128,530 shares of the company’s stock, valued at approximately $3,418,898. This represents a 2.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Holding Ltd V3 sold 1,200,000 shares of Cipher Mining stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $25.49, for a total transaction of $30,588,000.00. Following the transaction, the insider directly owned 58,316,694 shares of the company’s stock, valued at $1,486,492,530.06. This represents a 2.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 3,245,336 shares of company stock valued at $83,803,938. 2.63% of the stock is owned by insiders.

Cipher Mining Stock Down 5.7%

Shares of CIFR opened at $20.42 on Wednesday. The stock has a market cap of $8.35 billion, a price-to-earnings ratio of -8.76 and a beta of 3.18. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 6.13. Cipher Mining Inc. has a 12 month low of $4.55 and a 12 month high of $30.14. The company has a 50-day moving average price of $23.35 and a two-hundred day moving average price of $18.99.

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 analysts’ consensus estimates of ($0.27) by ($0.01). Cipher Mining had a negative net margin of 427.79% and a negative return on equity of 117.65%. The company had revenue of $34.84 million for the quarter, compared to analyst estimates of $36.12 million. The firm’s revenue for the quarter was down 28.8% compared to the same quarter last year. Equities analysts predict that Cipher Mining Inc. will post -0.8 EPS for the current fiscal year.

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.