Holding Ltd V3 Sells 900,000 Shares of Cipher Mining (NASDAQ:CIFR) Stock

Cipher Mining Inc. (NASDAQ:CIFR) major shareholder Holding Ltd V3 sold 900,000 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $12.85, for a total value of $11,565,000.00. Following the sale, the insider owned 76,742,259 shares in the company, valued at approximately $986,138,028.15. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• 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 value 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 value 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 value of $9,720,000.00.
• On Friday, September 12th, Holding Ltd V3 sold 900,000 shares of Cipher Mining stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $7.38, for a total value of $4,428,000.00.
• On Thursday, September 4th, Holding Ltd V3 sold 700,000 shares of Cipher Mining stock. The shares were sold at an average price of $7.60, for a total value of $5,320,000.00.
• On Tuesday, September 2nd, Holding Ltd V3 sold 600,000 shares of Cipher Mining stock. The shares were sold at an average price of $8.13, for a total value of $4,878,000.00.
• On Wednesday, July 30th, Holding Ltd V3 sold 369,984 shares of Cipher Mining stock. The shares were sold at an average price of $5.61, for a total value of $2,075,610.24.

Cipher Mining Price Performance

NASDAQ CIFR opened at $14.15 on Wednesday. The business’s fifty day moving average price is $7.38 and its 200-day moving average price is $4.83. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of -32.91 and a beta of 2.75. 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 1-year low of $1.86 and a 1-year high of $14.73.

Cipher Mining (NASDAQ:CIFR) last announced its 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 company had revenue of $43.57 million for the quarter, compared to analysts’ expectations of $51.89 million. On average, equities analysts predict that Cipher Mining Inc. will post -0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Marex Group plc purchased a new position in shares of Cipher Mining during the second quarter valued at approximately $333,000. Nomura Holdings Inc. purchased a new position in shares of Cipher Mining during the second quarter valued at approximately $397,000. Tower Research Capital LLC TRC boosted its position in shares of Cipher Mining by 41.4% during the second quarter. Tower Research Capital LLC TRC now owns 31,770 shares of the company’s stock valued at $152,000 after buying an additional 9,295 shares during the period. Northern Right Capital Management L.P. purchased a new position in shares of Cipher Mining during the second quarter valued at approximately $846,000. Finally, Tidal Investments LLC boosted its position in shares of Cipher Mining by 28.3% during the second quarter. Tidal Investments LLC now owns 6,984,438 shares of the company’s stock valued at $33,386,000 after buying an additional 1,541,138 shares during the period. Hedge funds and other institutional investors own 12.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Macquarie boosted their price objective on Cipher Mining from $6.00 to $8.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Cantor Fitzgerald boosted their price objective on Cipher Mining from $4.00 to $6.00 and gave the company an “overweight” rating in a research note on Thursday, June 5th. Jones Trading began coverage on Cipher Mining in a research note on Monday, July 21st. They set a “hold” rating for the company. Compass Point began coverage on Cipher Mining in a report on Monday, September 15th. They set a “buy” rating on the stock. Finally, Canaccord Genuity Group raised their price target on Cipher Mining from $9.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.11.

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.