Key Points
- Cipher Mining director James Newsome sold 45,161 shares on March 4 at an average price of $15.74 for a total of $710,834.14, reducing his holding by 26.18% to 127,331 shares (about $2.00M).
- The stock opened at $13.62, trades within a 52‑week range of $1.86–$25.52, has a market cap of $5.52 billion and a negative PE (-6.31), with 50‑ and 200‑day moving averages near $16 and $15.52 respectively.
- Institutional investors have been adding positions—Goldman Sachs lifted its stake by 52.4% and Millennium Management bought a new ~$9.3M position—and analysts are mixed but show a consensus “Moderate Buy” with a $24.46 price target.
Cipher Mining Inc. (NASDAQ:CIFR - Get Free Report) Director James Newsome sold 45,161 shares of the business's stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $15.74, for a total value of $710,834.14. Following the completion of the sale, the director owned 127,331 shares of the company's stock, valued at $2,004,189.94. The trade was a 26.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Cipher Mining Stock Performance
NASDAQ:CIFR opened at $13.62 on Friday. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.79 and a current ratio of 3.79. Cipher Mining Inc. has a fifty-two week low of $1.86 and a fifty-two week high of $25.52. The firm has a market cap of $5.52 billion, a PE ratio of -6.31 and a beta of 2.96. The business has a 50 day moving average price of $16.37 and a 200-day moving average price of $15.52.
Institutional Investors Weigh In On Cipher Mining
Several institutional investors and hedge funds have recently modified their holdings of CIFR. Millennium Management LLC purchased a new position in shares of Cipher Mining during the first quarter valued at about $9,316,000. Goldman Sachs Group Inc. lifted its holdings in Cipher Mining by 52.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,680,219 shares of the company's stock worth $10,765,000 after buying an additional 1,610,073 shares during the period. Teacher Retirement System of Texas boosted its position in Cipher Mining by 7.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 38,281 shares of the company's stock valued at $183,000 after acquiring an additional 2,812 shares in the last quarter. Harvest Portfolios Group Inc. boosted its position in Cipher Mining by 141.5% during the 2nd quarter. Harvest Portfolios Group Inc. now owns 162,426 shares of the company's stock valued at $776,000 after acquiring an additional 95,170 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Cipher Mining by 42.9% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 61,005 shares of the company's stock worth $292,000 after acquiring an additional 18,304 shares during the period. 12.26% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have weighed in on CIFR. Wall Street Zen cut shares of Cipher Mining from a "hold" rating to a "strong sell" rating in a research report on Sunday, March 1st. Citigroup initiated coverage on shares of Cipher Mining in a research note on Wednesday, November 19th. They set an "outperform" rating for the company. Needham & Company LLC dropped their target price on shares of Cipher Mining to $22.00 and set a "buy" rating for the company in a report on Wednesday, February 25th. Keefe, Bruyette & Woods raised their target price on Cipher Mining from $13.00 to $22.00 and gave the stock a "moderate buy" rating in a research note on Tuesday, January 27th. Finally, Morgan Stanley began coverage on Cipher Mining in a report on Monday, February 9th. They set an "overweight" rating and a $38.00 price target on the stock. Fourteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.46.
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About Cipher Mining
(
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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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