Universal Beteiligungs und Servicegesellschaft mbH Purchases New Shares in Cipher Mining Inc. $CIFR

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Cipher Mining Inc. (NASDAQ:CIFR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 283,058 shares of the company's stock, valued at approximately $4,162,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of Cipher Mining at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. CWM LLC raised its holdings in Cipher Mining by 43.3% in the 4th quarter. CWM LLC now owns 2,661 shares of the company's stock valued at $39,000 after acquiring an additional 804 shares in the last quarter. GAMMA Investing LLC raised its holdings in Cipher Mining by 218.3% in the 4th quarter. GAMMA Investing LLC now owns 1,875 shares of the company's stock valued at $28,000 after acquiring an additional 1,286 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Cipher Mining by 26.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,077 shares of the company's stock valued at $104,000 after acquiring an additional 1,468 shares in the last quarter. DKM Wealth Management Inc. raised its holdings in Cipher Mining by 15.1% in the 4th quarter. DKM Wealth Management Inc. now owns 14,361 shares of the company's stock valued at $212,000 after acquiring an additional 1,886 shares in the last quarter. Finally, Sherman Asset Management Inc. acquired a new position in Cipher Mining in the 3rd quarter valued at $25,000. 12.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Tyler Page sold 37,500 shares of the business's stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $16.11, for a total transaction of $604,125.00. Following the completion of the transaction, the chief executive officer owned 8,263,862 shares of the company's stock, valued at approximately $133,130,816.82. The trade was a 0.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Newsome sold 45,161 shares of the business's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $15.74, for a total value of $710,834.14. Following the transaction, the director directly owned 127,331 shares of the company's stock, valued at $2,004,189.94. This trade represents a 26.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 148,229 shares of company stock worth $2,283,968 over the last 90 days. Corporate insiders own 2.63% of the company's stock.

Cipher Mining Price Performance

Cipher Mining stock opened at $16.92 on Thursday. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.79 and a current ratio of 3.79. Cipher Mining Inc. has a 52 week low of $2.77 and a 52 week high of $25.52. The stock has a market capitalization of $6.87 billion, a P/E ratio of -7.83 and a beta of 3.01. The stock has a fifty day moving average of $15.60 and a 200-day moving average of $16.84.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods dropped their price objective on Cipher Mining from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday, March 11th. Needham & Company LLC reaffirmed a "buy" rating and issued a $22.00 price objective on shares of Cipher Mining in a report on Wednesday, March 25th. HC Wainwright dropped their price objective on Cipher Mining to $25.00 and set a "buy" rating for the company in a report on Wednesday, February 25th. Wall Street Zen cut Cipher Mining from a "hold" rating to a "strong sell" rating in a report on Sunday, March 1st. Finally, Cantor Fitzgerald dropped their price objective on Cipher Mining from $24.00 to $22.00 and set an "overweight" rating for the company in a report on Thursday, April 9th. Fourteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $25.00.

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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