XTX Topco Ltd Has $41,000 Stake in Cipher Mining Inc. $CIFR

Key Points

• XTX Topco Ltd significantly reduced its holdings in Cipher Mining Inc. by 82.1%, leaving it with 17,983 shares valued at $41,000.
• Major shareholder Holding Ltd V3 sold 369,984 shares at an average price of $5.61, decreasing their ownership by 0.41% and retaining 90,942,259 shares.
• Several analysts have a positive outlook on Cipher Mining, with ratings of "buy" and "overweight", indicating potential growth and a consensus target price of $7.56.

XTX Topco Ltd cut its holdings in shares of Cipher Mining Inc. (NASDAQ:CIFR - Free Report) by 82.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,983 shares of the company's stock after selling 82,340 shares during the period. XTX Topco Ltd's holdings in Cipher Mining were worth $41,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Maridea Wealth Management LLC grew its position in Cipher Mining by 169.5% during the 1st quarter. Maridea Wealth Management LLC now owns 551,522 shares of the company's stock worth $1,269,000 after acquiring an additional 346,911 shares during the last quarter. Phoenix Financial Ltd. grew its position in Cipher Mining by 9.3% during the 1st quarter. Phoenix Financial Ltd. now owns 91,753 shares of the company's stock worth $212,000 after acquiring an additional 7,791 shares during the last quarter. Drive Wealth Management LLC boosted its position in Cipher Mining by 11.4% in the 1st quarter. Drive Wealth Management LLC now owns 112,746 shares of the company's stock valued at $259,000 after buying an additional 11,537 shares during the last quarter. Impact Partnership Wealth LLC bought a new position in Cipher Mining in the 1st quarter valued at $109,000. Finally, Private Advisor Group LLC boosted its position in Cipher Mining by 249.3% in the 1st quarter. Private Advisor Group LLC now owns 701,804 shares of the company's stock valued at $1,614,000 after buying an additional 500,864 shares during the last quarter. 12.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cipher Mining

In related news, Director Cary M. Grossman sold 75,000 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $5.89, for a total transaction of $441,750.00. Following the sale, the director owned 225,530 shares of the company's stock, valued at approximately $1,328,371.70. This trade represents a 24.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Holding Ltd V3 sold 369,984 shares of the firm's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $5.61, for a total value of $2,075,610.24. Following the sale, the insider directly owned 90,942,259 shares in the company, valued at $510,186,072.99. The trade was a 0.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,466,662 shares of company stock worth $33,020,046 in the last three months. 2.89% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CIFR shares. Cantor Fitzgerald increased their price objective on Cipher Mining from $4.00 to $6.00 and gave the company an "overweight" rating in a research report on Thursday, June 5th. HC Wainwright reiterated a "buy" rating on shares of Cipher Mining in a research report on Tuesday, May 6th. Canaccord Genuity Group increased their price objective on Cipher Mining from $8.00 to $9.00 and gave the company a "buy" rating in a research report on Tuesday. Rosenblatt Securities reiterated a "buy" rating and issued a $5.50 price objective on shares of Cipher Mining in a research report on Wednesday, May 7th. Finally, Macquarie increased their price target on Cipher Mining from $6.00 to $8.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $7.67.

Cipher Mining Trading Down 1.1%

Cipher Mining stock traded down $0.0660 during mid-day trading on Thursday, hitting $5.8840. 1,768,868 shares of the company's stock were exchanged, compared to its average volume of 21,069,471. The firm has a market capitalization of $2.31 billion, a P/E ratio of -13.66 and a beta of 2.73. Cipher Mining Inc. has a fifty-two week low of $1.86 and a fifty-two week high of $7.77. The company has a quick ratio of 4.18, a current ratio of 4.18 and a debt-to-equity ratio of 0.23. The company's 50 day simple moving average is $5.27 and its 200-day simple moving average is $4.16.

Cipher Mining (NASDAQ:CIFR - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.12) EPS for the quarter, hitting the consensus estimate of ($0.12). The business had revenue of $43.57 million for the quarter, compared to the consensus estimate of $51.89 million. Cipher Mining had a negative return on equity of 21.71% and a negative net margin of 96.95%. On average, equities analysts anticipate that Cipher Mining Inc. will post -0.31 earnings per share for the current year.

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.