Swiss National Bank Sells 10,500 Shares of Cipher Mining Inc. (NASDAQ:CIFR)

Swiss National Bank trimmed its holdings in shares of Cipher Mining Inc. (NASDAQ:CIFRFree Report) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,900 shares of the company’s stock after selling 10,500 shares during the period. Swiss National Bank’s holdings in Cipher Mining were worth $408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New York State Common Retirement Fund grew its holdings in Cipher Mining by 104.9% during the 3rd quarter. New York State Common Retirement Fund now owns 10,921 shares of the company’s stock worth $25,000 after acquiring an additional 5,592 shares in the last quarter. Arizona State Retirement System purchased a new stake in shares of Cipher Mining during the third quarter valued at about $33,000. Barclays PLC lifted its position in shares of Cipher Mining by 93.4% during the third quarter. Barclays PLC now owns 15,982 shares of the company’s stock valued at $37,000 after buying an additional 7,720 shares during the last quarter. Sloy Dahl & Holst LLC purchased a new stake in shares of Cipher Mining during the fourth quarter valued at about $44,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Cipher Mining during the fourth quarter valued at about $49,000. 12.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cipher Mining

In other news, major shareholder Top Holdco B.V. Bitfury sold 296,357 shares of Cipher Mining stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $3.99, for a total transaction of $1,182,464.43. Following the transaction, the insider now owns 118,223,411 shares in the company, valued at approximately $471,711,409.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.25% of the stock is currently owned by insiders.

Cipher Mining Price Performance

Shares of NASDAQ CIFR opened at $3.71 on Monday. The firm’s 50 day simple moving average is $4.15 and its 200-day simple moving average is $3.58. Cipher Mining Inc. has a 12 month low of $2.15 and a 12 month high of $5.75. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 61.84 and a beta of 2.32. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.08 and a quick ratio of 8.08.

Cipher Mining (NASDAQ:CIFRGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $48.14 million for the quarter, compared to analysts’ expectations of $50.05 million. Cipher Mining had a net margin of 13.54% and a return on equity of 4.66%. Analysts expect that Cipher Mining Inc. will post -0.01 EPS for the current year.

Analyst Ratings Changes

CIFR has been the subject of several analyst reports. Canaccord Genuity Group reissued a “buy” rating and set a $6.00 price target (up from $5.50) on shares of Cipher Mining in a research report on Wednesday, May 8th. Cantor Fitzgerald reissued an “overweight” rating and set a $5.00 price target on shares of Cipher Mining in a research report on Thursday, March 28th. HC Wainwright increased their price objective on shares of Cipher Mining from $4.50 to $5.50 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Cipher Mining in a research report on Friday, May 17th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.50.

View Our Latest Research Report on CIFR

Cipher Mining Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Cipher Mining (NASDAQ:CIFR)

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