Key Points
- Cipher COO Patrick Arthur Kelly sold 35,569 shares on December 15 at an average price of $15.08 for proceeds of $536,380, trimming his position by about 3% to 1,151,770 shares (≈$17.37M).
- Cipher beat the quarter's EPS and revenue estimates (EPS ($0.01) vs. ($0.08) expected; revenue $106.69M vs. $79.13M expected) but still reports negative net margins and ROE, while analysts remain largely bullish with a consensus target of $24.73.
- The stock traded around $15.26 mid-day, has a 52-week range of $1.86–$25.52, a market cap near $6.03B and a negative PE (-84.80), reflecting elevated volatility and mixed fundamentals.
Cipher Mining Inc. (NASDAQ:CIFR - Get Free Report) COO Patrick Arthur Kelly sold 35,569 shares of the company's stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $15.08, for a total transaction of $536,380.52. Following the completion of the sale, the chief operating officer owned 1,151,770 shares in the company, valued at approximately $17,368,691.60. This trade represents a 3.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Patrick Arthur Kelly also recently made the following trade(s):
- On Monday, November 17th, Patrick Arthur Kelly sold 26,580 shares of Cipher Mining stock. The stock was sold at an average price of $14.20, for a total value of $377,436.00.
- On Monday, November 17th, Patrick Arthur Kelly sold 26,580 shares of Cipher Mining stock. The shares were sold at an average price of $14.20, for a total value of $377,436.00.
- On Wednesday, October 15th, Patrick Arthur Kelly sold 26,581 shares of Cipher Mining stock. The stock was sold at an average price of $21.08, for a total value of $560,327.48.
Cipher Mining Stock Performance
Shares of CIFR traded up $0.87 during mid-day trading on Thursday, hitting $15.26. The stock had a trading volume of 4,747,878 shares, compared to its average volume of 30,186,037. Cipher Mining Inc. has a fifty-two week low of $1.86 and a fifty-two week high of $25.52. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.31. The company has a market cap of $6.03 billion, a PE ratio of -84.80 and a beta of 2.91. The company's fifty day simple moving average is $18.39 and its two-hundred day simple moving average is $11.10.
Cipher Mining (NASDAQ:CIFR - Get Free Report) last announced its quarterly earnings data on Monday, November 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.07. Cipher Mining had a negative return on equity of 9.57% and a negative net margin of 34.16%.The firm had revenue of $106.69 million for the quarter, compared to analysts' expectations of $79.13 million. On average, equities analysts expect that Cipher Mining Inc. will post -0.31 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. HC Wainwright increased their price objective on shares of Cipher Mining to $30.00 and gave the stock a "buy" rating in a research note on Monday, November 3rd. Needham & Company LLC increased their price target on Cipher Mining from $15.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, November 4th. Citigroup initiated coverage on Cipher Mining in a research report on Wednesday, November 19th. They issued an "outperform" rating on the stock. Northland Securities set a $27.50 price target on Cipher Mining in a report on Tuesday, November 4th. Finally, BTIG Research reissued a "buy" rating and set a $25.00 target price on shares of Cipher Mining in a report on Wednesday, November 5th. Thirteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Cipher Mining has an average rating of "Moderate Buy" and a consensus target price of $24.73.
Get Our Latest Stock Analysis on Cipher Mining
Hedge Funds Weigh In On Cipher Mining
A number of institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Cipher Mining by 5.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,319,563 shares of the company's stock valued at $7,635,000 after acquiring an additional 180,010 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Cipher Mining by 3.9% in the 1st quarter. Deutsche Bank AG now owns 201,203 shares of the company's stock valued at $463,000 after purchasing an additional 7,526 shares during the period. Swiss National Bank boosted its holdings in shares of Cipher Mining by 4.2% during the first quarter. Swiss National Bank now owns 471,700 shares of the company's stock worth $1,085,000 after purchasing an additional 18,900 shares during the period. HighTower Advisors LLC grew its position in Cipher Mining by 309.4% during the first quarter. HighTower Advisors LLC now owns 73,810 shares of the company's stock valued at $170,000 after purchasing an additional 55,782 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Cipher Mining by 5.8% in the 1st quarter. American Century Companies Inc. now owns 481,571 shares of the company's stock valued at $1,108,000 after buying an additional 26,530 shares during the period. Hedge funds and other institutional investors own 12.26% of the company's stock.
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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