Sanctuary Advisors LLC Buys 46,907 Shares of Cipher Mining Inc. $CIFR

Key Points

• Sanctuary Advisors LLC raised its stake in Cipher Mining by 122.4%, buying 46,907 shares to own 85,232 shares valued at about $1.258 million.
• Cipher Mining's latest quarter missed EPS estimates (reported -$0.28 vs -$0.27 expected) and revenue fell 28.8% year‑over‑year, with analysts projecting roughly -0.9 EPS for the year.
• Insiders sold 148,229 shares (~$2.28M) in the past three months, while analysts remain largely positive with 14 Buy ratings and a consensus target price of $25 (Moderate Buy).

Sanctuary Advisors LLC raised its stake in Cipher Mining Inc. (NASDAQ:CIFR - Free Report) by 122.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,232 shares of the company's stock after purchasing an additional 46,907 shares during the period. Sanctuary Advisors LLC's holdings in Cipher Mining were worth $1,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Cipher Mining by 43.2% in the 4th quarter. Vanguard Group Inc. now owns 32,680,186 shares of the company's stock worth $482,360,000 after buying an additional 9,865,533 shares during the last quarter. Rakuten Securities Inc. acquired a new stake in Cipher Mining in the fourth quarter valued at approximately $183,000. Arizona State Retirement System grew its holdings in Cipher Mining by 14.6% in the fourth quarter. Arizona State Retirement System now owns 88,041 shares of the company's stock worth $1,299,000 after purchasing an additional 11,200 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Cipher Mining in the fourth quarter worth $4,162,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Cipher Mining by 22.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,013 shares of the company's stock worth $960,000 after purchasing an additional 11,799 shares in the last quarter. 12.26% of the stock is currently owned by institutional investors.

Cipher Mining Stock Performance

Shares of CIFR stock opened at $22.10 on Wednesday. The business has a fifty day moving average of $15.79 and a 200 day moving average of $16.80. Cipher Mining Inc. has a 1 year low of $2.88 and a 1 year 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 $8.97 billion, a price-to-earnings ratio of -10.23 and a beta of 3.13.

Cipher Mining (NASDAQ:CIFR - Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.01). Cipher Mining had a negative return on equity of 107.05% and a negative net margin of 367.17%.The firm had revenue of $34.84 million for the quarter, compared to analyst estimates of $36.12 million. The firm's revenue for the quarter was down 28.8% compared to the same quarter last year. As a group, research analysts expect that Cipher Mining Inc. will post -0.9 earnings per share for the current year.

Insider Buying and Selling at Cipher Mining

In other Cipher Mining news, Director Cary M. Grossman sold 30,000 shares of the stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $14.54, for a total transaction of $436,200.00. Following the sale, the director directly owned 170,530 shares of the company's stock, valued at approximately $2,479,506.20. This trade represents a 14.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tyler Page sold 37,500 shares of Cipher Mining stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $16.11, for a total value of $604,125.00. Following the transaction, the chief executive officer owned 8,263,862 shares of the company's stock, valued at $133,130,816.82. The trade was a 0.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 148,229 shares of company stock worth $2,283,968. 2.63% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CIFR. Needham & Company LLC reissued a "buy" rating and issued a $22.00 price objective on shares of Cipher Mining in a research report on Wednesday, March 25th. Cantor Fitzgerald decreased their price target on Cipher Mining from $24.00 to $22.00 and set an "overweight" rating for the company in a research note on Thursday, April 9th. Morgan Stanley reissued an "overweight" rating and issued a $40.50 price target on shares of Cipher Mining in a report on Monday, April 27th. Rosenblatt Securities restated a "buy" rating and set a $24.00 price target on shares of Cipher Mining in a research note on Thursday, March 26th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Cipher Mining from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Wednesday, March 11th. Fourteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Cipher Mining has an average rating of "Moderate Buy" and a consensus target price of $25.00.

Cipher Mining 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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