Pictet Asset Management Holding SA Purchases 139,567 Shares of Cipher Mining Inc. $CIFR

Key Points

• Pictet Asset Management boosted its position in Cipher Mining by 336.1% in Q4, buying 139,567 shares to hold 181,098 shares worth about $2.67 million.
• Major institutions increased or initiated large positions—most notably Vanguard now owns 32.68 million shares (≈$482.4 million) and funds like Two Sigma, Voloridge and Value Aligned also hold significant stakes, indicating strong institutional interest.
• Despite insider selling (148,229 shares sold in the past 90 days, including sales by the CEO and a director), analysts give Cipher a consensus rating of "Moderate Buy" with an average target price of $25.00 (14 Buy, 2 Hold, 1 Sell).

Pictet Asset Management Holding SA lifted its position in shares of Cipher Mining Inc. (NASDAQ:CIFR - Free Report) by 336.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 181,098 shares of the company's stock after purchasing an additional 139,567 shares during the period. Pictet Asset Management Holding SA's holdings in Cipher Mining were worth $2,673,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Cipher Mining by 43.2% during the 4th quarter. Vanguard Group Inc. now owns 32,680,186 shares of the company's stock worth $482,360,000 after acquiring an additional 9,865,533 shares during the period. Voloridge Investment Management LLC bought a new position in Cipher Mining during the 3rd quarter worth $70,524,000. Value Aligned Research Advisors LLC bought a new position in Cipher Mining during the 3rd quarter worth $64,266,000. Millennium Management LLC bought a new position in Cipher Mining during the 1st quarter worth $9,316,000. Finally, Two Sigma Investments LP increased its stake in Cipher Mining by 64.9% during the 3rd quarter. Two Sigma Investments LP now owns 6,746,401 shares of the company's stock worth $84,937,000 after acquiring an additional 2,655,015 shares during the period. Institutional investors own 12.26% of the company's stock.

Analyst Upgrades and Downgrades

CIFR has been the topic of a number of recent research reports. Needham & Company LLC restated a "buy" rating and set a $22.00 price objective on shares of Cipher Mining in a research note on Wednesday, March 25th. Keefe, Bruyette & Woods lowered their price objective on Cipher Mining from $22.00 to $20.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 11th. Weiss Ratings restated a "sell (d-)" rating on shares of Cipher Mining in a research note on Friday, March 27th. HC Wainwright lowered their price objective on Cipher Mining to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, February 25th. Finally, Wall Street Zen lowered Cipher Mining from a "hold" rating to a "strong sell" rating in a research note on Sunday, March 1st. Fourteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $25.00.

Insider Buying and Selling at Cipher Mining

In other Cipher Mining news, Director James E. Newsome sold 45,161 shares of Cipher Mining stock in a transaction dated 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 approximately $2,004,189.94. The trade was a 26.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tyler Page sold 37,500 shares of Cipher Mining stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $16.11, for a total value of $604,125.00. Following the transaction, the chief executive officer directly owned 8,263,862 shares in the company, valued at $133,130,816.82. The trade was a 0.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 148,229 shares of company stock valued at $2,283,968. 2.63% of the stock is owned by insiders.

Cipher Mining Trading Up 5.0%

CIFR opened at $17.89 on Tuesday. Cipher Mining Inc. has a fifty-two week low of $2.88 and a fifty-two week high of $25.52. The company has a debt-to-equity ratio of 3.37, a current ratio of 3.79 and a quick ratio of 3.79. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of -8.28 and a beta of 3.13. The company's 50 day moving average price is $15.64 and its two-hundred day moving average price is $16.79.

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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