146,490 Shares in Cipher Mining Inc. (NASDAQ:CIFR) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new position in shares of Cipher Mining Inc. (NASDAQ:CIFR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 146,490 shares of the company's stock, valued at approximately $680,000.

Several other institutional investors and hedge funds have also made changes to their positions in CIFR. V3 Holding Ltd purchased a new position in Cipher Mining during the 4th quarter worth $452,713,000. Lone Pine Capital LLC purchased a new position in shares of Cipher Mining during the fourth quarter worth about $10,878,000. Helix Partners Management LP purchased a new position in shares of Cipher Mining during the fourth quarter worth about $10,426,000. Driehaus Capital Management LLC acquired a new position in Cipher Mining in the 4th quarter valued at about $9,439,000. Finally, Vanguard Group Inc. raised its stake in Cipher Mining by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 18,172,080 shares of the company's stock valued at $84,318,000 after acquiring an additional 1,189,756 shares during the last quarter. 12.26% of the stock is owned by hedge funds and other institutional investors.

Cipher Mining Price Performance

Shares of NASDAQ CIFR traded down $0.10 during midday trading on Monday, hitting $3.47. The company had a trading volume of 15,830,404 shares, compared to its average volume of 11,945,212. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $2.84 and a two-hundred day simple moving average of $4.55. Cipher Mining Inc. has a twelve month low of $1.86 and a twelve month high of $7.99. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -26.69 and a beta of 2.61.

Cipher Mining (NASDAQ:CIFR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.11). The company had revenue of $48.96 million during the quarter, compared to the consensus estimate of $53.57 million. Cipher Mining had a negative net margin of 33.39% and a negative return on equity of 8.29%. Equities research analysts anticipate that Cipher Mining Inc. will post -0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CIFR shares. Rosenblatt Securities reiterated a "buy" rating and issued a $5.50 target price on shares of Cipher Mining in a research note on Wednesday, May 7th. JPMorgan Chase & Co. cut shares of Cipher Mining from an "overweight" rating to a "neutral" rating in a research note on Thursday, March 13th. Cantor Fitzgerald cut their price objective on shares of Cipher Mining from $11.00 to $10.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Needham & Company LLC reduced their target price on shares of Cipher Mining from $7.50 to $7.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $8.00 price target on shares of Cipher Mining in a report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $8.03.

About Cipher Mining

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.