Cipher Mining Inc. (NASDAQ:CIFR) Position Boosted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its holdings in Cipher Mining Inc. (NASDAQ:CIFR) by 912.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,027 shares of the company’s stock after purchasing an additional 5,432 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Cipher Mining were worth $28,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CIFR. Millennium Management LLC lifted its holdings in Cipher Mining by 122.8% in the second quarter. Millennium Management LLC now owns 5,330,887 shares of the company’s stock worth $22,123,000 after acquiring an additional 2,938,184 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Cipher Mining by 73.4% in the 3rd quarter. Tidal Investments LLC now owns 3,742,931 shares of the company’s stock worth $14,485,000 after purchasing an additional 1,584,874 shares during the last quarter. Geode Capital Management LLC grew its stake in Cipher Mining by 37.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,509,853 shares of the company’s stock worth $21,327,000 after buying an additional 1,511,455 shares during the last quarter. Van ECK Associates Corp increased its position in Cipher Mining by 41.5% in the third quarter. Van ECK Associates Corp now owns 3,900,219 shares of the company’s stock worth $15,094,000 after buying an additional 1,144,390 shares during the period. Finally, Paloma Partners Management Co bought a new stake in Cipher Mining in the third quarter valued at $4,029,000. Institutional investors own 12.26% of the company’s stock.

Insiders Place Their Bets

In other Cipher Mining news, COO Patrick Arthur Kelly sold 53,161 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $7.16, for a total transaction of $380,632.76. Following the completion of the sale, the chief operating officer now directly owns 664,270 shares in the company, valued at approximately $4,756,173.20. This trade represents a 7.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Top Holdco B.V. Bitfury sold 300,000 shares of Cipher Mining stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $6.60, for a total value of $1,980,000.00. Following the transaction, the insider now directly owns 98,747,588 shares in the company, valued at approximately $651,734,080.80. This trade represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 356,881 shares of company stock worth $2,388,389. Company insiders own 2.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CIFR shares. Keefe, Bruyette & Woods started coverage on shares of Cipher Mining in a report on Wednesday, January 8th. They issued an “outperform” rating on the stock. Northland Securities boosted their price objective on Cipher Mining from $6.00 to $8.50 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Macquarie lifted their target price on Cipher Mining from $6.00 to $7.25 and gave the company an “outperform” rating in a research note on Thursday, November 7th. BTIG Research increased their price target on Cipher Mining from $6.00 to $9.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $11.00 price objective on shares of Cipher Mining in a report on Tuesday, January 7th. Ten research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $8.25.

Cipher Mining Trading Up 21.9 %

Cipher Mining stock opened at $5.73 on Friday. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of -44.07 and a beta of 2.38. Cipher Mining Inc. has a 1 year low of $2.40 and a 1 year high of $7.99. The firm’s 50 day moving average price is $5.69 and its two-hundred day moving average price is $5.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.57 and a current ratio of 2.57.

Cipher Mining (NASDAQ:CIFR) last announced its earnings results on Thursday, October 31st. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.18). The company had revenue of $24.10 million for the quarter, compared to analyst estimates of $25.84 million. Cipher Mining had a negative return on equity of 8.29% and a negative net margin of 33.39%. During the same period last year, the firm earned ($0.07) earnings per share. On average, research analysts predict that Cipher Mining Inc. will post -0.31 EPS for the current fiscal year.

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.