Barclays PLC Has $1.15 Million Stock Holdings in Cipher Mining Inc. (NASDAQ:CIFR)

Barclays PLC raised its position in Cipher Mining Inc. (NASDAQ:CIFR) by 377.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 296,493 shares of the company’s stock after acquiring an additional 234,366 shares during the period. Barclays PLC owned about 0.09% of Cipher Mining worth $1,147,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CIFR. Millennium Management LLC raised its stake in shares of Cipher Mining by 122.8% in the second quarter. Millennium Management LLC now owns 5,330,887 shares of the company’s stock valued at $22,123,000 after purchasing an additional 2,938,184 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Cipher Mining by 41.5% during the 3rd quarter. Van ECK Associates Corp now owns 3,900,219 shares of the company’s stock worth $15,094,000 after acquiring an additional 1,144,390 shares during the period. Paloma Partners Management Co acquired a new stake in shares of Cipher Mining during the 3rd quarter valued at about $4,029,000. State Street Corp increased its stake in Cipher Mining by 17.3% in the third quarter. State Street Corp now owns 6,919,189 shares of the company’s stock valued at $26,777,000 after acquiring an additional 1,019,949 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Cipher Mining by 71.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,356,044 shares of the company’s stock worth $9,118,000 after purchasing an additional 977,963 shares in the last quarter. Institutional investors own 12.26% of the company’s stock.

Insider Transactions at Cipher Mining

In other Cipher Mining news, major shareholder Top Holdco B.V. Bitfury sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $6.22, for a total value of $6,220,000.00. Following the transaction, the insider now directly owns 99,047,588 shares of the company’s stock, valued at approximately $616,075,997.36. This trade represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Patrick Arthur Kelly sold 53,161 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $7.16, for a total transaction of $380,632.76. Following the sale, the chief operating officer now owns 664,270 shares of the company’s stock, valued at $4,756,173.20. The trade was a 7.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,446,623 shares of company stock worth $9,000,561 over the last 90 days. 2.25% of the stock is owned by insiders.

Cipher Mining Trading Down 7.6 %

CIFR opened at $4.86 on Monday. Cipher Mining Inc. has a 1-year low of $2.15 and a 1-year high of $7.99. The firm has a 50-day moving average price of $6.15 and a two-hundred day moving average price of $4.93. The stock has a market capitalization of $1.69 billion, a PE ratio of -37.38 and a beta of 2.29. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.01.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on CIFR. BTIG Research upped their price objective on Cipher Mining from $6.00 to $9.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Northland Capmk upgraded Cipher Mining to a “strong-buy” rating in a research note on Wednesday, September 25th. Canaccord Genuity Group restated a “buy” rating and issued a $7.00 target price on shares of Cipher Mining in a research note on Friday, November 1st. HC Wainwright reaffirmed a “buy” rating and issued a $7.00 target price on shares of Cipher Mining in a report on Friday, November 1st. Finally, Northland Securities lifted their price target on shares of Cipher Mining from $6.00 to $8.50 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Nine equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $8.03.

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.