1,514,664 Shares in Cipher Mining Inc. $CIFR Acquired by Thames Capital Management LLC

Key Points

• Thames Capital Management bought a new stake of 1,514,664 shares in Cipher Mining worth approximately $19,070,000, representing about 0.39% of the company and making it Thames' 11th largest holding (~2.8% of its portfolio).
• Company insiders sold 408,549 shares worth about $7.71M in the last quarter — including COO Patrick Kelly and William Iwaschuk — leaving insiders with roughly 2.63% ownership.
• Analysts remain broadly positive with a consensus "Moderate Buy" and an average target of $24.73, after Cipher beat the quarter's estimates (EPS -$0.01 vs. -$0.08 and revenue $106.7M vs. $79.1M).

Thames Capital Management LLC bought a new stake in shares of Cipher Mining Inc. (NASDAQ:CIFR - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,514,664 shares of the company's stock, valued at approximately $19,070,000. Cipher Mining comprises about 2.8% of Thames Capital Management LLC's holdings, making the stock its 11th biggest position. Thames Capital Management LLC owned about 0.39% of Cipher Mining at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in Cipher Mining by 996.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,227,021 shares of the company's stock worth $10,645,000 after purchasing an additional 2,023,994 shares in the last quarter. Greenleaf Trust acquired a new stake in shares of Cipher Mining during the 2nd quarter worth about $108,000. Legal & General Group Plc grew its holdings in shares of Cipher Mining by 33.4% during the second quarter. Legal & General Group Plc now owns 298,446 shares of the company's stock worth $1,427,000 after buying an additional 74,744 shares in the last quarter. Soros Fund Management LLC raised its position in shares of Cipher Mining by 67.5% in the second quarter. Soros Fund Management LLC now owns 1,300,000 shares of the company's stock valued at $6,214,000 after buying an additional 524,044 shares during the last quarter. Finally, Two Seas Capital LP purchased a new position in shares of Cipher Mining during the second quarter valued at approximately $1,195,000. 12.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cipher Mining

In related news, COO Patrick Arthur Kelly sold 35,569 shares of the firm's stock in a transaction on Monday, December 15th. The shares were sold at an average price of $15.08, for a total transaction of $536,380.52. Following the completion of the sale, the chief operating officer directly owned 1,151,770 shares of the company's stock, valued at approximately $17,368,691.60. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William Iwaschuk sold 173,094 shares of the company's stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $22.52, for a total transaction of $3,898,076.88. Following the completion of the transaction, the insider directly owned 1,054,488 shares of the company's stock, valued at approximately $23,747,069.76. The trade was a 14.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 408,549 shares of company stock valued at $7,708,644. 2.63% of the stock is owned by company insiders.

Cipher Mining Price Performance

CIFR opened at $17.52 on Friday. Cipher Mining Inc. has a 52-week low of $1.86 and a 52-week high of $25.52. The company has a 50 day moving average of $16.93 and a two-hundred day moving average of $12.87. The company has a market cap of $6.92 billion, a P/E ratio of -97.33 and a beta of 2.94. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.31.

Cipher Mining (NASDAQ:CIFR - Get Free Report) last posted its earnings results on Monday, November 3rd. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.07. The business had revenue of $106.69 million for the quarter, compared to analyst estimates of $79.13 million. Cipher Mining had a negative net margin of 34.16% and a negative return on equity of 9.57%. On average, analysts expect that Cipher Mining Inc. will post -0.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on CIFR shares. Citigroup started coverage on Cipher Mining in a report on Wednesday, November 19th. They issued an "outperform" rating for the company. Needham & Company LLC increased their target price on Cipher Mining from $15.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, November 4th. Macquarie lifted their price target on Cipher Mining from $16.00 to $27.00 and gave the company an "outperform" rating in a report on Wednesday, October 22nd. Wall Street Zen downgraded shares of Cipher Mining from a "hold" rating to a "sell" rating in a research note on Saturday, December 27th. Finally, Northland Securities set a $27.50 price target on shares of Cipher Mining in a report on Tuesday, November 4th. Twelve research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Cipher Mining currently has a consensus rating of "Moderate Buy" and an average target price of $24.73.

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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