XTX Topco Ltd Takes Position in Cipher Mining Inc. (NASDAQ:CIFR)

XTX Topco Ltd purchased a new position in shares of Cipher Mining Inc. (NASDAQ:CIFR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 56,588 shares of the company’s stock, valued at approximately $235,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Cipher Mining by 62.0% in the first quarter. Vanguard Group Inc. now owns 5,657,019 shares of the company’s stock worth $29,134,000 after buying an additional 2,164,383 shares during the period. Van ECK Associates Corp raised its stake in shares of Cipher Mining by 0.8% during the second quarter. Van ECK Associates Corp now owns 2,755,829 shares of the company’s stock valued at $11,437,000 after purchasing an additional 22,086 shares during the period. First Financial Bankshares Inc purchased a new stake in shares of Cipher Mining during the fourth quarter valued at approximately $9,901,000. Vident Advisory LLC lifted its position in shares of Cipher Mining by 94.9% during the first quarter. Vident Advisory LLC now owns 2,240,261 shares of the company’s stock worth $11,537,000 after purchasing an additional 1,090,811 shares in the last quarter. Finally, Shariaportfolio Inc. purchased a new position in shares of Cipher Mining in the fourth quarter valued at $2,460,000. 12.26% of the stock is owned by hedge funds and other institutional investors.

Cipher Mining Stock Down 0.7 %

NASDAQ:CIFR opened at $4.11 on Friday. The company has a current ratio of 8.49, a quick ratio of 8.49 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $3.93 and a 200-day moving average of $4.20. The firm has a market capitalization of $1.27 billion, a PE ratio of 68.50 and a beta of 2.24. Cipher Mining Inc. has a 52 week low of $2.15 and a 52 week high of $7.99.

Cipher Mining (NASDAQ:CIFR) last issued its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The firm had revenue of $36.81 million for the quarter, compared to analyst estimates of $39.17 million. Cipher Mining had a return on equity of 3.41% and a net margin of 11.43%. During the same period last year, the company earned ($0.05) earnings per share. Analysts predict that Cipher Mining Inc. will post -0.05 EPS for the current year.

Insider Activity at Cipher Mining

In other news, insider William Iwaschuk sold 150,000 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $3.94, for a total value of $591,000.00. Following the completion of the transaction, the insider now owns 619,148 shares of the company’s stock, valued at $2,439,443.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider William Iwaschuk sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $3.94, for a total transaction of $591,000.00. Following the sale, the insider now owns 619,148 shares of the company’s stock, valued at $2,439,443.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Top Holdco B.V. Bitfury sold 1,901,112 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $2.74, for a total value of $5,209,046.88. Following the transaction, the insider now directly owns 103,946,004 shares of the company’s stock, valued at $284,812,050.96. The disclosure for this sale can be found here. Insiders have sold a total of 6,462,980 shares of company stock worth $20,795,679 in the last three months. 2.25% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on CIFR. Canaccord Genuity Group reaffirmed a “buy” rating and set a $7.00 price target on shares of Cipher Mining in a research note on Thursday, August 29th. HC Wainwright increased their price target on Cipher Mining from $5.50 to $6.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Cantor Fitzgerald restated an “overweight” rating and set a $9.00 price objective on shares of Cipher Mining in a report on Tuesday, September 3rd. Needham & Company LLC increased their target price on Cipher Mining from $5.00 to $7.50 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Finally, Northland Securities began coverage on shares of Cipher Mining in a research note on Wednesday. They issued an “outperform” rating and a $6.00 price target for the company. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Cipher Mining currently has a consensus rating of “Buy” and an average target price of $7.21.

Cipher Mining 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.