Helix Partners Management LP bought a new position in Cipher Mining Inc. (NASDAQ:CIFR – Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 279,200 shares of the company’s stock, valued at approximately $3,593,000. Cipher Mining comprises approximately 1.0% of Helix Partners Management LP’s portfolio, making the stock its 8th biggest position.
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Cipher Mining by 43.2% during the fourth 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 in the last quarter. Situational Awareness LP raised its position in Cipher Mining by 82.4% in the 4th quarter. Situational Awareness LP now owns 10,469,093 shares of the company’s stock valued at $154,524,000 after purchasing an additional 4,728,600 shares in the last quarter. Geode Capital Management LLC lifted its stake in Cipher Mining by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 8,164,226 shares of the company’s stock worth $120,519,000 after acquiring an additional 558,105 shares during the last quarter. State Street Corp grew its stake in shares of Cipher Mining by 10.2% during the fourth quarter. State Street Corp now owns 8,078,423 shares of the company’s stock worth $119,238,000 after purchasing an additional 745,030 shares in the last quarter. Finally, Value Aligned Research Advisors LLC boosted its position in shares of Cipher Mining by 45.9% during the 4th quarter. Value Aligned Research Advisors LLC now owns 7,447,495 shares of the company’s stock worth $109,925,000 after acquiring an additional 2,342,958 shares in the last quarter. 12.26% of the stock is owned by hedge funds and other institutional investors.
Cipher Mining Price Performance
Shares of CIFR opened at $23.15 on Friday. Cipher Mining Inc. has a fifty-two week low of $4.55 and a fifty-two week high of $30.14. The company has a market capitalization of $9.47 billion, a price-to-earnings ratio of -9.94 and a beta of 3.18. The firm has a 50-day simple moving average of $23.27 and a 200-day simple moving average of $18.93. The company has a debt-to-equity ratio of 6.13, a quick ratio of 3.13 and a current ratio of 3.13.
Analyst Ratings Changes
Several research analysts have recently issued reports on CIFR shares. Cantor Fitzgerald lowered their target price on shares of Cipher Mining from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Sanford C. Bernstein initiated coverage on shares of Cipher Mining in a research note on Wednesday, June 3rd. They set an “outperform” rating and a $32.00 price target on the stock. Needham & Company LLC boosted 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. Jefferies Financial Group began coverage on shares of Cipher Mining in a research report on Thursday, May 14th. They issued a “buy” rating and a $32.00 price target for the company. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cipher Mining in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.22.
View Our Latest Stock Analysis on CIFR
Insider Buying and Selling
In related news, Director Wesley Hastie Williams sold 14,567 shares of Cipher Mining stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $21.41, for a total value of $311,879.47. Following the sale, the director directly owned 115,409 shares in the company, valued at $2,470,906.69. The trade was a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Holding Ltd V3 sold 1,200,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $25.49, for a total transaction of $30,588,000.00. Following the sale, the insider owned 58,316,694 shares in the company, valued at $1,486,492,530.06. The trade was a 2.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 3,245,336 shares of company stock worth $83,803,938. 2.63% of the stock is currently owned by insiders.
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.
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