Vanguard Group Inc. Boosts Stock Position in Cipher Mining Inc. $CIFR

Key Points

• Vanguard Group boosted its Cipher Mining stake by 43.2% in Q4, owning 32,680,186 shares (about 8.27% of the company) valued at roughly $482.36 million.
• Insiders have been selling recently — CEO Tyler Page sold 37,500 shares and insiders sold 148,229 shares over the past 90 days (about $2.28M), though insiders still hold 2.63% of the stock.
• Cipher missed quarterly EPS expectations (‑$0.28 vs. ‑$0.27) and saw revenue fall 28.8% year‑over‑year, but analysts maintain a largely positive view with a "Moderate Buy" consensus and an average target of $25.36.

Vanguard Group Inc. increased its holdings in Cipher Mining Inc. (NASDAQ:CIFR - Free Report) by 43.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,680,186 shares of the company's stock after purchasing an additional 9,865,533 shares during the quarter. Vanguard Group Inc. owned approximately 8.27% of Cipher Mining worth $482,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Millennium Management LLC purchased a new stake in Cipher Mining in the 1st quarter worth approximately $9,316,000. Goldman Sachs Group Inc. raised its holdings in shares of Cipher Mining by 52.4% during the first quarter. Goldman Sachs Group Inc. now owns 4,680,219 shares of the company's stock valued at $10,765,000 after acquiring an additional 1,610,073 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Cipher Mining during the second quarter valued at approximately $98,000. Prudential Financial Inc. lifted its stake in Cipher Mining by 113.7% in the second quarter. Prudential Financial Inc. now owns 31,595 shares of the company's stock worth $151,000 after acquiring an additional 16,810 shares during the period. Finally, XTX Topco Ltd boosted its holdings in Cipher Mining by 65.2% in the second quarter. XTX Topco Ltd now owns 29,708 shares of the company's stock valued at $142,000 after acquiring an additional 11,725 shares in the last quarter. Hedge funds and other institutional investors own 12.26% of the company's stock.

Insider Activity at Cipher Mining

In other Cipher Mining news, CEO Tyler Page sold 37,500 shares of Cipher Mining stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $16.11, for a total value of $604,125.00. Following the completion of the sale, 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director Cary M. Grossman sold 30,000 shares of the stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $14.54, for a total value of $436,200.00. Following the transaction, the director directly owned 170,530 shares in the company, valued at $2,479,506.20. The trade was a 14.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 148,229 shares of company stock worth $2,283,968. Company insiders own 2.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Cipher Mining from $22.00 to $20.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 11th. HC Wainwright raised their target price on shares of Cipher Mining from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Cipher Mining in a research note on Friday, March 27th. BTIG Research reiterated a "buy" rating and set a $25.00 price target on shares of Cipher Mining in a research report on Wednesday. Finally, Morgan Stanley reissued an "overweight" rating and issued a $40.50 price target on shares of Cipher Mining in a research note on Monday, April 27th. Fourteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $25.36.

Cipher Mining Stock Up 23.5%

NASDAQ:CIFR opened at $22.10 on Wednesday. The firm has a market cap of $8.97 billion, a P/E ratio of -10.23 and a beta of 3.13. 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 fifty-two week low of $2.88 and a fifty-two week high of $25.52. The firm has a 50-day simple moving average of $15.79 and a two-hundred day simple moving average of $16.80.

Cipher Mining (NASDAQ:CIFR - Get Free Report) last posted 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 business had revenue of $34.84 million during the quarter, compared to the consensus estimate of $36.12 million. Cipher Mining's revenue for the quarter was down 28.8% on a year-over-year basis. Analysts predict that Cipher Mining Inc. will post -0.9 earnings per share for the current fiscal year.

About Cipher Mining

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.

Want to see what other hedge funds are holding CIFR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cipher Mining Inc. (NASDAQ:CIFR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.