Vontobel Holding Ltd. Cuts Stock Position in Cipher Mining Inc. (NASDAQ:CIFR)

Vontobel Holding Ltd. cut its holdings in Cipher Mining Inc. (NASDAQ:CIFR) by 29.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,632 shares of the company’s stock after selling 35,500 shares during the quarter. Vontobel Holding Ltd.’s holdings in Cipher Mining were worth $388,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its holdings in shares of 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 purchasing an additional 1,019,949 shares in the last quarter. Geode Capital Management LLC lifted its position in Cipher Mining by 37.8% in the third 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. Paloma Partners Management Co bought a new stake in Cipher Mining in the third quarter worth $4,029,000. The Manufacturers Life Insurance Company lifted its position in Cipher Mining by 47.4% in the third quarter. The Manufacturers Life Insurance Company now owns 98,941 shares of the company’s stock worth $383,000 after buying an additional 31,815 shares during the last quarter. Finally, Barclays PLC lifted its position in Cipher Mining by 377.2% in the third quarter. Barclays PLC now owns 296,493 shares of the company’s stock worth $1,147,000 after buying an additional 234,366 shares during the last quarter. 12.26% of the stock is owned by hedge funds and other institutional investors.

Cipher Mining Trading Up 1.0 %

Shares of NASDAQ:CIFR opened at $6.08 on Friday. Cipher Mining Inc. has a 12-month low of $2.65 and a 12-month high of $7.99. The company has a market capitalization of $2.11 billion, a PE ratio of -46.77 and a beta of 2.41. The business has a 50 day moving average of $5.51 and a two-hundred day moving average of $5.01. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.01.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CIFR shares. HC Wainwright restated a “buy” rating and issued a $7.00 price target on shares of Cipher Mining in a research report on Friday, November 1st. Macquarie raised their price target on Cipher Mining from $6.00 to $7.25 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. BTIG Research raised their price target on Cipher Mining from $6.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Needham & Company LLC restated a “buy” rating and issued a $7.50 price target on shares of Cipher Mining in a research report on Friday, January 31st. Finally, Cantor Fitzgerald decreased their target price on Cipher Mining from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Ten analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $8.14.

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.