Cipher Mining (NASDAQ:CIFR) Director James Newsome Sells 45,161 Shares

Key Points

• Director James Newsome sold 45,161 shares on March 4 at an average price of $15.74 for a total of $710,834, reducing his holding by 26.18% to 127,331 shares (≈$2.00M).
• Cipher Mining shares recently traded down to $13.62, the company has a market cap of $5.52 billion and a negative P/E of -6.31, with a 52‑week range of $1.86 to $25.52.
• Analyst sentiment is broadly positive—14 Buys, 1 Hold and 2 Sells—with a consensus rating of "Moderate Buy" and a consensus target price of $24.46, while institutional ownership stands at about 12.26%.

Cipher Mining Inc. (NASDAQ:CIFR - Get Free Report) Director James Newsome sold 45,161 shares of the company's stock in a transaction 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 completion of the transaction, the director directly owned 127,331 shares in the company, valued at approximately $2,004,189.94. The trade was a 26.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Cipher Mining Price Performance

Cipher Mining stock traded down $1.53 during midday trading on Friday, hitting $13.62. 27,420,647 shares of the company's stock were exchanged, compared to its average volume of 28,031,994. The company has a market cap of $5.52 billion, a P/E ratio of -6.31 and a beta of 2.96. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.79 and a current ratio of 3.79. The stock has a 50-day moving average price of $16.37 and a two-hundred day moving average price of $15.52. Cipher Mining Inc. has a 52-week low of $1.86 and a 52-week high of $25.52.

Hedge Funds Weigh In On Cipher Mining

A number of hedge funds have recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new stake in shares of Cipher Mining during the fourth quarter worth about $25,000. Arax Advisory Partners grew its position in shares of Cipher Mining by 274.2% in the 4th quarter. Arax Advisory Partners now owns 1,826 shares of the company's stock worth $27,000 after buying an additional 1,338 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Cipher Mining by 218.3% during the fourth quarter. GAMMA Investing LLC now owns 1,875 shares of the company's stock valued at $28,000 after buying an additional 1,286 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Cipher Mining during the fourth quarter valued at approximately $28,000. Finally, Sherman Asset Management Inc. bought a new position in shares of Cipher Mining during the third quarter valued at approximately $25,000. Hedge funds and other institutional investors own 12.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CIFR shares. JPMorgan Chase & Co. upgraded shares of Cipher Mining from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $12.00 to $18.00 in a research report on Monday, November 24th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $27.00 price objective on shares of Cipher Mining in a report on Monday, December 15th. Needham & Company LLC reduced their target price on Cipher Mining to $22.00 and set a "buy" rating on the stock in a research note on Wednesday, February 25th. Weiss Ratings restated a "sell (d-)" rating on shares of Cipher Mining in a research report on Monday, December 29th. Finally, Citigroup started coverage on Cipher Mining in a report on Wednesday, November 19th. They issued an "outperform" rating for the company. Fourteen analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $24.46.

Cipher Mining Company Profile

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.

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