Holding Ltd V3 Sells 2,000,000 Shares of Cipher Mining (NASDAQ:CIFR) Stock

Key Points

• Holding Ltd V3 sold 2,000,000 shares of Cipher Mining (NASDAQ:CIFR) for a total of $24.16 million, representing a 2.86% decrease in their position.
• Following recent trading, Cipher Mining's stock price decreased by 0.5%, closing at $12.59 after significant trading volume of over 47 million shares.
• Analysts have mixed ratings for Cipher Mining, with a consensus rating of "Moderate Buy" and an average price target of $15.23, indicating potential for growth.

Cipher Mining Inc. (NASDAQ:CIFR - Get Free Report) major shareholder Holding Ltd V3 sold 2,000,000 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $12.08, for a total value of $24,160,000.00. Following the completion of the transaction, the insider directly owned 67,852,537 shares in the company, valued at approximately $819,658,646.96. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Holding Ltd V3 also recently made the following trade(s):

• On Thursday, September 25th, Holding Ltd V3 sold 3,504,540 shares of Cipher Mining stock. The shares were sold at an average price of $12.36, for a total value of $43,316,114.40.
• On Wednesday, September 24th, Holding Ltd V3 sold 900,000 shares of Cipher Mining stock. The shares were sold at an average price of $14.41, for a total transaction of $12,969,000.00.
• On Monday, September 22nd, Holding Ltd V3 sold 900,000 shares of Cipher Mining stock. The shares were sold at an average price of $12.85, for a total transaction of $11,565,000.00.
• On Friday, September 19th, Holding Ltd V3 sold 900,000 shares of Cipher Mining stock. The shares were sold at an average price of $12.37, for a total transaction of $11,133,000.00.
• On Wednesday, September 17th, Holding Ltd V3 sold 900,000 shares of Cipher Mining stock. The shares were sold at an average price of $11.77, for a total transaction of $10,593,000.00.
• On Monday, September 15th, Holding Ltd V3 sold 900,000 shares of Cipher Mining stock. The shares were sold at an average price of $10.80, for a total transaction of $9,720,000.00.
• On Friday, September 12th, Holding Ltd V3 sold 900,000 shares of Cipher Mining stock. The stock was sold at an average price of $10.60, for a total value of $9,540,000.00.
• On Wednesday, September 10th, Holding Ltd V3 sold 900,000 shares of Cipher Mining stock. The stock was sold at an average price of $9.98, for a total value of $8,982,000.00.
• On Monday, September 8th, Holding Ltd V3 sold 600,000 shares of Cipher Mining stock. The stock was sold at an average price of $7.48, for a total value of $4,488,000.00.
• On Friday, September 5th, Holding Ltd V3 sold 600,000 shares of Cipher Mining stock. The stock was sold at an average price of $7.38, for a total value of $4,428,000.00.

Cipher Mining Stock Down 0.5%

CIFR stock traded down $0.06 during trading hours on Tuesday, reaching $12.59. 47,100,875 shares of the stock were exchanged, compared to its average volume of 24,977,063. The firm's 50-day moving average is $7.87 and its 200-day moving average is $5.10. The company has a market cap of $4.95 billion, a price-to-earnings ratio of -29.28 and a beta of 2.76. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.18 and a quick ratio of 4.18. Cipher Mining Inc. has a 12 month low of $1.86 and a 12 month high of $15.54.

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

Institutional Trading of Cipher Mining

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Helix Partners Management LP raised its holdings in shares of Cipher Mining by 95.8% during the first quarter. Helix Partners Management LP now owns 4,400,000 shares of the company's stock valued at $10,120,000 after purchasing an additional 2,153,058 shares during the period. Impact Partnership Wealth LLC acquired a new stake in shares of Cipher Mining in the 1st quarter worth about $109,000. SRN Advisors LLC raised its holdings in shares of Cipher Mining by 42.1% in the 1st quarter. SRN Advisors LLC now owns 284,148 shares of the company's stock worth $654,000 after acquiring an additional 84,148 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Cipher Mining by 5.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,319,563 shares of the company's stock worth $7,635,000 after acquiring an additional 180,010 shares during the last quarter. Finally, Maridea Wealth Management LLC raised its holdings in shares of Cipher Mining by 169.5% in 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. Institutional investors own 12.26% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CIFR. JPMorgan Chase & Co. lifted their price target on shares of Cipher Mining from $6.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday. Jones Trading began coverage on shares of Cipher Mining in a research report on Monday, July 21st. They issued a "hold" rating for the company. Arete Research began coverage on shares of Cipher Mining in a research report on Wednesday, September 24th. They issued a "buy" rating and a $24.00 price target for the company. Arete began coverage on shares of Cipher Mining in a research report on Wednesday, September 24th. They issued a "buy" rating and a $24.00 price target for the company. Finally, Needham & Company LLC lifted their price target on shares of Cipher Mining from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Tuesday. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $15.23.

Cipher Mining Company Profile

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.

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