CloudAlpha Capital Management Limited Hong Kong Invests $1.58 Million in Cipher Mining Inc. $CIFR

CloudAlpha Capital Management Limited Hong Kong bought a new position in Cipher Mining Inc. (NASDAQ:CIFR) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 107,000 shares of the company’s stock, valued at approximately $1,579,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CIFR. Vanguard Group Inc. lifted its position in shares of Cipher Mining by 43.2% in the 4th quarter. Vanguard Group Inc. now owns 32,680,186 shares of the company’s stock worth $482,360,000 after purchasing an additional 9,865,533 shares during the period. Voloridge Investment Management LLC purchased a new stake in shares of Cipher Mining in the 3rd quarter worth about $70,524,000. Value Aligned Research Advisors LLC purchased a new stake in shares of Cipher Mining in the 3rd quarter worth about $64,266,000. Millennium Management LLC purchased a new stake in shares of Cipher Mining in the 1st quarter worth about $9,316,000. Finally, Two Sigma Investments LP lifted its position in shares of Cipher Mining by 64.9% in the 3rd quarter. Two Sigma Investments LP now owns 6,746,401 shares of the company’s stock worth $84,937,000 after purchasing an additional 2,655,015 shares during the period. 12.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CIFR has been the subject of a number of recent research reports. Needham & Company LLC lifted their price target on shares of Cipher Mining from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Cantor Fitzgerald lowered their price target on shares of Cipher Mining from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Zacks Research raised shares of Cipher Mining from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 25th. Rosenblatt Securities lifted their price target on shares of Cipher Mining from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group initiated coverage on shares of Cipher Mining in a research report on Thursday, May 14th. They set a “buy” rating and a $32.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Cipher Mining presently has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Cipher Mining Stock Down 1.7%

NASDAQ:CIFR opened at $18.80 on Wednesday. The firm has a market cap of $7.69 billion, a P/E ratio of -8.07 and a beta of 3.13. The company has a debt-to-equity ratio of 6.13, a quick ratio of 3.13 and a current ratio of 3.13. Cipher Mining Inc. has a fifty-two week low of $3.08 and a fifty-two week high of $25.52. The firm has a 50-day simple moving average of $16.77 and a two-hundred day simple moving average of $16.91.

Cipher Mining (NASDAQ:CIFR) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). The firm had revenue of $34.84 million for the quarter, compared to the consensus estimate of $36.12 million. Cipher Mining had a negative net margin of 427.79% and a negative return on equity of 117.65%. The business’s quarterly revenue was down 28.8% on a year-over-year basis. Analysts predict that Cipher Mining Inc. will post -0.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Cipher Mining

In other Cipher Mining news, Director Cary M. Grossman sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $21.82, for a total transaction of $436,400.00. Following the completion of the sale, the director directly owned 150,530 shares in the company, valued at approximately $3,284,564.60. This trade represents a 11.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tyler Page sold 37,500 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $16.11, for a total transaction of $604,125.00. Following the sale, the chief executive officer owned 8,263,862 shares of the company’s stock, valued at approximately $133,130,816.82. This represents a 0.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 244,398 shares of company stock worth $4,276,690 in the last 90 days. Insiders own 2.63% of the company’s stock.

Cipher Mining Company Profile

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.