Cipher Mining Inc. $CIFR Shares Sold by Alight Capital Management LP

Alight Capital Management LP lowered its position in shares of Cipher Mining Inc. (NASDAQ:CIFR) by 6.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 300,000 shares of the company’s stock after selling 20,000 shares during the quarter. Alight Capital Management LP’s holdings in Cipher Mining were worth $4,428,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CIFR. Los Angeles Capital Management LLC acquired a new stake in Cipher Mining during the 4th quarter worth about $25,000. Arax Advisory Partners raised its stake in shares of Cipher Mining by 274.2% during the 4th quarter. Arax Advisory Partners now owns 1,826 shares of the company’s stock valued at $27,000 after buying an additional 1,338 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Cipher Mining by 218.3% in the 4th quarter. GAMMA Investing LLC now owns 1,875 shares of the company’s stock valued at $28,000 after purchasing an additional 1,286 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Cipher Mining in the 4th quarter valued at about $28,000. Finally, Danske Bank A S increased its stake in shares of Cipher Mining by 1,150.0% in the 4th quarter. Danske Bank A S now owns 2,500 shares of the company’s stock valued at $37,000 after purchasing an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 12.26% of the company’s stock.

Insider Transactions at Cipher Mining

In other Cipher Mining news, CEO Tyler Page sold 37,500 shares of the company’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $16.11, for a total value of $604,125.00. Following the completion of the transaction, the chief executive officer owned 8,263,862 shares in the company, valued at $133,130,816.82. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Cary M. Grossman sold 30,000 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $14.54, for a total transaction of $436,200.00. Following the completion of the transaction, the director owned 170,530 shares of the company’s stock, valued at $2,479,506.20. This represents a 14.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,178,236 shares of company stock valued at $81,848,926 over the last ninety days. Company insiders own 2.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Zacks Research upgraded Cipher Mining from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 25th. Needham & Company LLC boosted their target price on Cipher Mining from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Rosenblatt Securities boosted their target price on Cipher Mining from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. BTIG Research restated a “buy” rating and set a $25.00 target price on shares of Cipher Mining in a report on Wednesday, May 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cipher Mining in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.69.

Cipher Mining Stock Up 0.5%

Shares of NASDAQ CIFR opened at $26.35 on Thursday. Cipher Mining Inc. has a 52-week low of $3.29 and a 52-week high of $28.62. The business’s 50 day moving average is $20.89 and its two-hundred day moving average is $17.75. 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 firm has a market cap of $10.78 billion, a price-to-earnings ratio of -11.31 and a beta of 3.18.

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 analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $36.12 million. The firm’s quarterly revenue was down 28.8% compared to the same quarter last year. Research analysts predict that Cipher Mining Inc. will post -0.8 EPS for the current year.

Cipher Mining 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.