Patrick Arthur Kelly Sells 48,000 Shares of Cipher Mining (NASDAQ:CIFR) Stock

Cipher Mining Inc. (NASDAQ:CIFR) COO Patrick Arthur Kelly sold 48,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $19.36, for a total value of $929,280.00. Following the sale, the chief operating officer directly owned 1,451,856 shares of the company’s stock, valued at $28,107,932.16. This represents a 3.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Patrick Arthur Kelly also recently made the following trade(s):

• On Monday, March 16th, Patrick Arthur Kelly sold 35,568 shares of Cipher Mining stock. The shares were sold at an average price of $14.98, for a total value of $532,808.64.

Cipher Mining Stock Performance

NASDAQ:CIFR opened at $20.33 on Friday. The stock has a 50-day simple moving average of $16.58 and a two-hundred day simple moving average of $16.95. Cipher Mining Inc. has a 52-week low of $3.08 and a 52-week high of $25.52. The company has a debt-to-equity ratio of 6.13, a quick ratio of 3.13 and a current ratio of 3.13. The firm has a market capitalization of $8.32 billion, a PE ratio of -8.73 and a beta of 3.13.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on CIFR shares. Zacks Research raised Cipher Mining from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 25th. Rosenblatt Securities boosted their price target on Cipher Mining from $24.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Cantor Fitzgerald cut their price target on Cipher Mining from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Wall Street Zen cut Cipher Mining from a “hold” rating to a “strong sell” rating in a research report on Sunday, March 1st. Finally, BTIG Research reissued a “buy” rating and set a $25.00 target price on shares of Cipher Mining in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $26.87.

Key Cipher Mining News

Here are the key news stories impacting Cipher Mining this week:

• Positive Sentiment: Needham raised its price target on Cipher Mining to $25 from $22 and kept a buy rating, implying meaningful upside from recent trading levels.
• Positive Sentiment: Jefferies upgraded Cipher Mining to strong-buy, adding to the optimistic analyst sentiment around the stock.
• Positive Sentiment: HC Wainwright lifted earnings estimates for Q2, Q3, Q4 and full-year 2026 while maintaining a buy rating and $30 price target, suggesting confidence in the company’s longer-term earnings path.
• Positive Sentiment: Northland Securities modestly raised its Q2 2026 EPS estimate, which points to slightly improved near-term expectations.
• Positive Sentiment: Broader market commentary on bitcoin miners with AI exposure has also been supportive of the group, helping keep investor interest elevated in CIFR.

Institutional Trading of Cipher Mining

Several institutional investors and hedge funds have recently added to or reduced their stakes in CIFR. Vanguard Group Inc. raised its stake in Cipher Mining by 43.2% during the 4th quarter. Vanguard Group Inc. now owns 32,680,186 shares of the company’s stock valued at $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 third quarter worth about $70,524,000. Value Aligned Research Advisors LLC bought a new position in Cipher Mining during the third quarter valued at approximately $64,266,000. Situational Awareness LP grew its holdings in Cipher Mining by 82.4% during the 4th quarter. Situational Awareness LP now owns 10,469,093 shares of the company’s stock valued at $154,524,000 after buying an additional 4,728,600 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Cipher Mining by 3,718.3% during the 4th quarter. Janus Henderson Group PLC now owns 4,292,790 shares of the company’s stock valued at $63,359,000 after buying an additional 4,180,362 shares in the last quarter. Institutional investors own 12.26% 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.