Cipher Mining Inc. (NASDAQ:CIFR - Get Free Report) major shareholder Top Holdco B.V. Bitfury sold 1,901,112 shares of the business's stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $3.02, for a total transaction of $5,741,358.24. Following the completion of the sale, the insider now owns 107,748,228 shares of the company's stock, valued at $325,399,648.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Top Holdco B.V. Bitfury also recently made the following trade(s):
- On Thursday, July 18th, Top Holdco B.V. Bitfury sold 609,644 shares of Cipher Mining stock. The stock was sold at an average price of $6.23, for a total transaction of $3,798,082.12.
- On Friday, June 28th, Top Holdco B.V. Bitfury sold 490,275 shares of Cipher Mining stock. The shares were sold at an average price of $4.12, for a total transaction of $2,019,933.00.
- On Wednesday, June 26th, Top Holdco B.V. Bitfury sold 466,915 shares of Cipher Mining stock. The stock was sold at an average price of $4.30, for a total value of $2,007,734.50.
- On Monday, June 24th, Top Holdco B.V. Bitfury sold 443,830 shares of Cipher Mining stock. The shares were sold at an average price of $4.33, for a total value of $1,921,783.90.
- On Thursday, June 20th, Top Holdco B.V. Bitfury sold 394,357 shares of Cipher Mining stock. The stock was sold at an average price of $5.54, for a total value of $2,184,737.78.
- On Monday, June 17th, Top Holdco B.V. Bitfury sold 376,320 shares of Cipher Mining stock. The shares were sold at an average price of $4.82, for a total value of $1,813,862.40.
- On Friday, June 14th, Top Holdco B.V. Bitfury sold 366,042 shares of Cipher Mining stock. The stock was sold at an average price of $5.00, for a total transaction of $1,830,210.00.
- On Wednesday, June 12th, Top Holdco B.V. Bitfury sold 336,377 shares of Cipher Mining stock. The shares were sold at an average price of $4.58, for a total transaction of $1,540,606.66.
- On Monday, June 10th, Top Holdco B.V. Bitfury sold 319,747 shares of Cipher Mining stock. The shares were sold at an average price of $4.21, for a total transaction of $1,346,134.87.
Cipher Mining Price Performance
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CIFR opened at $2.70 on Friday. The company has a current ratio of 8.49, a quick ratio of 8.49 and a debt-to-equity ratio of 0.01. The company has a market cap of $837.08 million, a price-to-earnings ratio of 45.00 and a beta of 2.24. The stock has a fifty day simple moving average of $4.51 and a two-hundred day simple moving average of $4.20. Cipher Mining Inc. has a 12-month low of $2.15 and a 12-month high of $7.99.
Cipher Mining (NASDAQ:CIFR - Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.05). The company had revenue of $36.81 million for the quarter, compared to the consensus estimate of $39.17 million. Cipher Mining had a return on equity of 3.41% and a net margin of 11.43%. During the same quarter in the prior year, the company earned ($0.05) earnings per share. Research analysts predict that Cipher Mining Inc. will post -0.05 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Cipher Mining
A number of institutional investors have recently bought and sold shares of the business. Senator Investment Group LP bought a new stake in Cipher Mining in the 2nd quarter valued at $1,190,000. Algert Global LLC purchased a new position in shares of Cipher Mining during the second quarter valued at about $75,000. Scientech Research LLC increased its holdings in shares of Cipher Mining by 122.9% in the second quarter. Scientech Research LLC now owns 203,510 shares of the company's stock worth $845,000 after purchasing an additional 112,202 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Cipher Mining by 246.2% in the second quarter. The Manufacturers Life Insurance Company now owns 67,126 shares of the company's stock worth $279,000 after buying an additional 47,738 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Cipher Mining by 122.8% during the second quarter. Millennium Management LLC now owns 5,330,887 shares of the company's stock valued at $22,123,000 after buying an additional 2,938,184 shares during the last quarter. Hedge funds and other institutional investors own 12.26% of the company's stock.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. HC Wainwright increased their target price on shares of Cipher Mining from $5.50 to $6.00 and gave the stock a "buy" rating in a report on Thursday, June 6th. Canaccord Genuity Group restated a "buy" rating and set a $7.00 target price on shares of Cipher Mining in a report on Thursday, August 29th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $9.00 price target on shares of Cipher Mining in a report on Tuesday. Needham & Company LLC boosted their price objective on shares of Cipher Mining from $5.00 to $7.50 and gave the company a "buy" rating in a research report on Wednesday, August 14th. Finally, Compass Point lifted their target price on shares of Cipher Mining from $7.50 to $9.00 and gave the company a "buy" rating in a research note on Thursday, August 15th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $7.42.
Check Out Our Latest Stock 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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