Tudor Investment Corp ET AL Has $30.05 Million Stock Holdings in Cipher Mining Inc. $CIFR

Tudor Investment Corp ET AL grew its position in shares of Cipher Mining Inc. (NASDAQ:CIFR) by 2,574.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,386,854 shares of the company’s stock after buying an additional 2,297,623 shares during the period. Tudor Investment Corp ET AL’s holdings in Cipher Mining were worth $30,050,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Value Aligned Research Advisors LLC acquired a new position in shares of Cipher Mining in the third quarter valued at about $64,266,000. Swiss Life Asset Management Ltd acquired a new stake in Cipher Mining in the 3rd quarter worth about $149,000. CIBC Bancorp USA Inc. bought a new stake in Cipher Mining in the 3rd quarter valued at about $356,000. Centaurus Financial Inc. grew its position in shares of Cipher Mining by 5.1% during the 3rd quarter. Centaurus Financial Inc. now owns 136,641 shares of the company’s stock worth $1,720,000 after purchasing an additional 6,679 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Cipher Mining during the 3rd quarter worth approximately $779,000. Institutional investors own 12.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley started coverage on shares of Cipher Mining in a research report on Monday, February 9th. They issued an “overweight” rating and a $38.00 price target for the company. Keefe, Bruyette & Woods reduced their price target on Cipher Mining from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 11th. HC Wainwright lowered their price objective on Cipher Mining to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Wells Fargo & Company set a $18.00 price objective on Cipher Mining in a report on Monday, November 24th. Finally, Zacks Research downgraded Cipher Mining from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Fourteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $23.68.

Cipher Mining Stock Performance

Shares of Cipher Mining stock opened at $14.64 on Friday. The company has a 50 day moving average of $16.09 and a 200-day moving average of $16.01. Cipher Mining Inc. has a 1-year low of $1.86 and a 1-year high of $25.52. The company has a current ratio of 3.79, a quick ratio of 3.79 and a debt-to-equity ratio of 3.37. The company has a market cap of $5.93 billion, a PE ratio of -6.78 and a beta of 2.96.

Insider Activity at Cipher Mining

In other Cipher Mining news, Director James E. Newsome sold 45,161 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $15.74, for a total transaction of $710,834.14. Following the completion of the sale, the director directly owned 127,331 shares in the company, valued at $2,004,189.94. This represents a 26.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Patrick Arthur Kelly sold 35,568 shares of Cipher Mining stock in a transaction on Monday, March 16th. The shares were sold at an average price of $14.98, for a total value of $532,808.64. Following the completion of the transaction, the chief operating officer owned 1,441,508 shares in the company, valued at approximately $21,593,789.84. The trade was a 2.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 116,297 shares of company stock valued at $1,875,330. Company 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.