V3 Holding Ltd bought a new position in shares of Cipher Mining Inc. (NASDAQ:CIFR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 97,567,437 shares of the company's stock, valued at approximately $452,713,000. Cipher Mining makes up about 100.0% of V3 Holding Ltd's portfolio, making the stock its biggest position. V3 Holding Ltd owned approximately 28.05% of Cipher Mining at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Cipher Mining by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 18,172,080 shares of the company's stock worth $84,318,000 after purchasing an additional 1,189,756 shares in the last quarter. Invesco Ltd. increased its holdings in Cipher Mining by 16.7% during the 4th quarter. Invesco Ltd. now owns 6,443,723 shares of the company's stock worth $29,899,000 after purchasing an additional 924,262 shares in the last quarter. Geode Capital Management LLC increased its holdings in Cipher Mining by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 5,727,990 shares of the company's stock worth $26,583,000 after purchasing an additional 218,137 shares in the last quarter. Tidal Investments LLC increased its holdings in Cipher Mining by 73.4% during the 3rd quarter. Tidal Investments LLC now owns 3,742,931 shares of the company's stock worth $14,485,000 after purchasing an additional 1,584,874 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Cipher Mining by 33.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,139,553 shares of the company's stock worth $14,568,000 after purchasing an additional 783,509 shares in the last quarter. 12.26% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have commented on CIFR shares. HC Wainwright reissued a "buy" rating and set a $8.00 price objective on shares of Cipher Mining in a report on Wednesday, February 26th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $8.00 target price on shares of Cipher Mining in a report on Wednesday, February 26th. Cantor Fitzgerald reduced their target price on Cipher Mining from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Needham & Company LLC reduced their target price on Cipher Mining from $7.50 to $7.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. downgraded Cipher Mining from an "overweight" rating to a "neutral" rating in a research note on Thursday, March 13th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $8.13.
Check Out Our Latest Research Report on CIFR
Cipher Mining Trading Down 7.5 %
Shares of Cipher Mining stock traded down $0.23 during midday trading on Wednesday, reaching $2.85. 8,000,097 shares of the company's stock traded hands, compared to its average volume of 10,963,914. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.57 and a current ratio of 2.57. The company has a market cap of $1.06 billion, a PE ratio of -21.92 and a beta of 2.65. The stock has a 50 day moving average of $3.01 and a 200-day moving average of $4.81. Cipher Mining Inc. has a 12 month low of $1.86 and a 12 month high of $7.99.
Cipher Mining Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Cipher Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cipher Mining wasn't on the list.
While Cipher Mining currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
