40,529 Shares in Cipher Mining Inc. (NASDAQ:CIFR) Bought by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL purchased a new stake in Cipher Mining Inc. (NASDAQ:CIFRFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 40,529 shares of the company’s stock, valued at approximately $167,000.

Several other institutional investors and hedge funds have also made changes to their positions in CIFR. Arizona State Retirement System acquired a new stake in Cipher Mining during the 3rd quarter valued at $33,000. Jump Financial LLC acquired a new stake in shares of Cipher Mining during the third quarter valued at $244,000. Barclays PLC increased its position in Cipher Mining by 93.4% during the 3rd quarter. Barclays PLC now owns 15,982 shares of the company’s stock worth $37,000 after purchasing an additional 7,720 shares in the last quarter. New York State Common Retirement Fund raised its stake in Cipher Mining by 104.9% in the 3rd quarter. New York State Common Retirement Fund now owns 10,921 shares of the company’s stock valued at $25,000 after purchasing an additional 5,592 shares during the last quarter. Finally, Swiss National Bank purchased a new position in Cipher Mining in the 3rd quarter valued at about $255,000. 12.26% of the stock is currently owned by hedge funds and other institutional investors.

Cipher Mining Trading Up 4.9 %

Shares of CIFR traded up $0.19 during mid-day trading on Monday, reaching $4.09. The company had a trading volume of 6,700,400 shares, compared to its average volume of 8,111,738. Cipher Mining Inc. has a fifty-two week low of $2.15 and a fifty-two week high of $5.75. The firm has a fifty day simple moving average of $4.21 and a 200-day simple moving average of $3.55. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 68.18 and a beta of 2.32. The company has a current ratio of 8.08, a quick ratio of 8.08 and a debt-to-equity ratio of 0.02.

Cipher Mining (NASDAQ:CIFRGet Free Report) last issued its earnings results on Tuesday, May 7th. The company reported $0.13 earnings per share for the quarter. Cipher Mining had a return on equity of 4.66% and a net margin of 13.54%. The firm had revenue of $48.14 million for the quarter, compared to analysts’ expectations of $50.05 million. On average, sell-side analysts anticipate that Cipher Mining Inc. will post -0.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $5.00 price target on shares of Cipher Mining in a report on Friday, May 17th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $6.00 target price (up from $5.50) on shares of Cipher Mining in a research note on Wednesday, May 8th. Cantor Fitzgerald reissued an “overweight” rating and set a $5.00 price target on shares of Cipher Mining in a research note on Thursday, March 28th. Finally, HC Wainwright lifted their price objective on Cipher Mining from $4.50 to $5.50 and gave the company a “buy” rating in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

Check Out Our Latest Stock Analysis on CIFR

About Cipher Mining

(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.

Further Reading

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Institutional Ownership by Quarter for Cipher Mining (NASDAQ:CIFR)

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