Key Points
- COO Patrick Arthur Kelly sold 35,568 shares on Jan. 15 at an average price of $17.76 for about $631,688, reducing his stake by 2.3% to 1,512,644 shares, and he made similar sales in December and November, indicating continued insider selling.
- Cipher's stock is volatile, opening at $17.92 (down 4.7%), trading in a 12‑month range of $1.86–$25.52 with a $7.08 billion market cap and a negative P/E, reflecting ongoing earnings and market volatility.
- Recent quarter beat estimates—revenue $106.7M and EPS -$0.01 vs. a -$0.08 consensus—but the company remains unprofitable with negative margins, while analysts maintain a consensus "Moderate Buy" and an average price target of $24.73.
Cipher Mining Inc. (NASDAQ:CIFR - Get Free Report) COO Patrick Arthur Kelly sold 35,568 shares of the firm's stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $17.76, for a total transaction of $631,687.68. Following the completion of the transaction, the chief operating officer owned 1,512,644 shares in the company, valued at $26,864,557.44. The trade was a 2.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Patrick Arthur Kelly also recently made the following trade(s):
- On Monday, December 15th, Patrick Arthur Kelly sold 35,569 shares of Cipher Mining stock. The stock was sold at an average price of $15.08, for a total transaction of $536,380.52.
- 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 transaction 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 transaction of $377,436.00.
Cipher Mining Stock Down 4.7%
Shares of Cipher Mining stock opened at $17.92 on Wednesday. Cipher Mining Inc. has a twelve month low of $1.86 and a twelve month high of $25.52. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of -99.56 and a beta of 2.94. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 1.31. The company has a fifty day moving average price of $16.86 and a 200 day moving average price of $13.25.
Cipher Mining (NASDAQ:CIFR - Get Free Report) last issued its earnings results on Monday, November 3rd. The company reported ($0.01) earnings per share 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 company had revenue of $106.69 million during the quarter, compared to the consensus estimate of $79.13 million. Equities research analysts forecast that Cipher Mining Inc. will post -0.31 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have recently issued reports on CIFR shares. Northland Securities set a $27.50 price objective on shares of Cipher Mining in a research note on Tuesday, November 4th. JPMorgan Chase & Co. upgraded shares of Cipher Mining from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $12.00 to $18.00 in a report on Monday, November 24th. HC Wainwright raised their target price on Cipher Mining to $30.00 and gave the company a "buy" rating in a research note on Monday, November 3rd. BTIG Research reiterated a "buy" rating and issued a $25.00 price target on shares of Cipher Mining in a research note on Wednesday, November 5th. Finally, JMP Securities set a $30.00 price target on Cipher Mining in a report on Wednesday, November 19th. Twelve analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $24.73.
Read Our Latest Analysis on CIFR
Institutional Trading of Cipher Mining
Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Cipher Mining by 218.3% during the fourth quarter. GAMMA Investing LLC now owns 1,875 shares of the company's stock worth $28,000 after acquiring an additional 1,286 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Cipher Mining by 26.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,077 shares of the company's stock worth $104,000 after purchasing an additional 1,468 shares during the last quarter. DKM Wealth Management Inc. raised its holdings in shares of Cipher Mining by 15.1% in the 4th quarter. DKM Wealth Management Inc. now owns 14,361 shares of the company's stock worth $212,000 after purchasing an additional 1,886 shares in the last quarter. Sherman Asset Management Inc. acquired a new stake in Cipher Mining during the third quarter valued at approximately $25,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Cipher Mining by 3.5% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 63,138 shares of the company's stock worth $795,000 after buying an additional 2,133 shares in the last quarter. 12.26% of the stock is currently owned by institutional investors.
About Cipher Mining
(
Get Free Report)
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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