Holding Ltd V3 Sells 535,843 Shares of Cipher Mining (NASDAQ:CIFR) Stock

Cipher Mining Inc. (NASDAQ:CIFRGet Free Report) major shareholder Holding Ltd V3 sold 535,843 shares of the stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $20.32, for a total value of $10,888,329.76. Following the completion of the transaction, the insider directly owned 61,316,694 shares in the company, valued at $1,245,955,222.08. The trade was a 0.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, October 15th, Holding Ltd V3 sold 2,167,684 shares of Cipher Mining stock. The shares were sold at an average price of $21.06, for a total transaction of $45,651,425.04.
  • On Tuesday, October 14th, Holding Ltd V3 sold 1,832,316 shares of Cipher Mining stock. The stock was sold at an average price of $20.78, for a total transaction of $38,075,526.48.
  • On Friday, September 26th, Holding Ltd V3 sold 1,585,182 shares of Cipher Mining stock. The shares were sold at an average price of $11.61, for a total transaction of $18,403,963.02.
  • On Monday, September 29th, Holding Ltd V3 sold 2,000,000 shares of Cipher Mining stock. The shares were sold at an average price of $12.08, for a total transaction of $24,160,000.00.
  • On Thursday, September 25th, Holding Ltd V3 sold 3,504,540 shares of Cipher Mining stock. The stock was sold at an average price of $12.36, for a total transaction of $43,316,114.40.
  • On Wednesday, September 24th, Holding Ltd V3 sold 900,000 shares of Cipher Mining stock. The shares were sold at an average price of $14.41, for a total transaction of $12,969,000.00.
  • On Monday, September 22nd, Holding Ltd V3 sold 900,000 shares of Cipher Mining stock. The shares were sold at an average price of $12.85, for a total transaction of $11,565,000.00.
  • On Friday, September 19th, Holding Ltd V3 sold 900,000 shares of Cipher Mining stock. The stock was 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 stock was 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.

Cipher Mining Stock Up 0.2%

Shares of Cipher Mining stock opened at $18.76 on Friday. The company has a market capitalization of $7.38 billion, a P/E ratio of -43.63 and a beta of 2.87. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.18 and a quick ratio of 4.18. The business has a 50-day moving average of $11.03 and a two-hundred day moving average of $6.44. Cipher Mining Inc. has a 1 year low of $1.86 and a 1 year high of $22.00.

Cipher Mining (NASDAQ:CIFRGet Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.12). Cipher Mining had a negative return on equity of 21.71% and a negative net margin of 96.95%.The business had revenue of $43.57 million during the quarter, compared to analyst estimates of $51.89 million. As a group, equities analysts predict that Cipher Mining Inc. will post -0.31 EPS for the current year.

Institutional Trading of Cipher Mining

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Stoneridge Investment Partners LLC acquired a new position in shares of Cipher Mining during the 1st quarter worth approximately $29,000. FNY Investment Advisers LLC grew its stake in shares of Cipher Mining by 42.9% in the first quarter. FNY Investment Advisers LLC now owns 16,000 shares of the company’s stock valued at $36,000 after buying an additional 4,800 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of Cipher Mining during the 1st quarter worth about $37,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Cipher Mining by 258.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 9,041 shares of the company’s stock valued at $43,000 after purchasing an additional 6,516 shares during the period. Finally, Signal Advisors Wealth LLC acquired a new stake in Cipher Mining in the 2nd quarter valued at about $48,000. Institutional investors own 12.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CIFR. JPMorgan Chase & Co. increased their price objective on shares of Cipher Mining from $6.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, September 26th. Rosenblatt Securities upped their target price on shares of Cipher Mining from $14.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday. Jones Trading started coverage on Cipher Mining in a report on Monday, July 21st. They set a “hold” rating for the company. Weiss Ratings restated a “sell (d+)” rating on shares of Cipher Mining in a report on Tuesday. Finally, HC Wainwright upped their price objective on Cipher Mining from $7.50 to $17.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Twelve analysts have rated the stock with 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.68.

View Our Latest Research Report on Cipher Mining

About Cipher Mining

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Cipher Mining (NASDAQ:CIFR)

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