Cipher Mining Inc. $CIFR Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of Cipher Mining Inc. (NASDAQ:CIFR) by 138.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,406,864 shares of the company’s stock after purchasing an additional 816,198 shares during the period. American Century Companies Inc. owned about 0.36% of Cipher Mining worth $17,712,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Cipher Mining by 996.9% during the second quarter. JPMorgan Chase & Co. now owns 2,227,021 shares of the company’s stock valued at $10,645,000 after acquiring an additional 2,023,994 shares during the last quarter. Thames Capital Management LLC purchased a new stake in shares of Cipher Mining during the third quarter worth approximately $19,070,000. Legal & General Group Plc raised its stake in Cipher Mining by 33.4% in the 2nd quarter. Legal & General Group Plc now owns 298,446 shares of the company’s stock valued at $1,427,000 after purchasing an additional 74,744 shares during the last quarter. Soros Fund Management LLC raised its stake in Cipher Mining by 67.5% in the 2nd quarter. Soros Fund Management LLC now owns 1,300,000 shares of the company’s stock valued at $6,214,000 after purchasing an additional 524,044 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Cipher Mining by 13.4% in the 3rd quarter. Vanguard Group Inc. now owns 22,814,653 shares of the company’s stock valued at $287,236,000 after purchasing an additional 2,699,717 shares in the last quarter. Institutional investors and hedge funds own 12.26% of the company’s stock.

Insider Activity

In other news, Director Wesley Hastie Williams sold 49,867 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $16.08, for a total value of $801,861.36. Following the transaction, the director directly owned 158,145 shares in the company, valued at approximately $2,542,971.60. This represents a 23.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James E. Newsome sold 45,161 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $15.74, for a total transaction of $710,834.14. Following the transaction, the director directly owned 127,331 shares of the company’s stock, valued at $2,004,189.94. The trade was a 26.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 187,986 shares of company stock valued at $3,030,554. Company insiders own 2.63% of the company’s stock.

Cipher Mining Stock Down 2.4%

Shares of NASDAQ:CIFR opened at $13.96 on Wednesday. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of -6.46 and a beta of 2.96. Cipher Mining Inc. has a 12-month low of $1.86 and a 12-month high of $25.52. The business has a 50-day moving average price of $16.34 and a 200 day moving average price of $15.77. The company has a current ratio of 3.79, a quick ratio of 3.79 and a debt-to-equity ratio of 3.37.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CIFR. HC Wainwright decreased their price target on shares of Cipher Mining to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Wall Street Zen downgraded shares of Cipher Mining from a “hold” rating to a “strong sell” rating in a report on Sunday, March 1st. Canaccord Genuity Group reissued a “buy” rating and issued a $27.00 target price on shares of Cipher Mining in a research note on Monday, December 15th. Morgan Stanley initiated coverage on Cipher Mining in a report on Monday, February 9th. They set an “overweight” rating and a $38.00 target price on the stock. Finally, Zacks Research lowered Cipher Mining from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Fourteen analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Cipher Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.46.

About Cipher Mining

Cipher Mining Inc is a Nasdaq-listed bitcoin mining company that develops, owns and operates large-scale mining facilities across the United States. The company focuses on deploying advanced ASIC hardware and securing long-term low-cost power contracts to optimize bitcoin production. By strategically locating its sites in regions with abundant energy supply, Cipher Mining seeks to maintain a competitive cost structure and deliver efficient hashrate capacity growth.

Founded in 2021 and headquartered in Austin, Texas, Cipher Mining has pursued an integrated approach encompassing site development, equipment procurement and operations management.