Key Points
- Cipher Mining COO Patrick Arthur Kelly sold 48,000 shares on May 12 at an average price of $19.36, for a total of $929,280. After the sale, he still owned 1,451,856 shares.
- The company’s latest quarter was weak, with Cipher Mining reporting a loss of $0.28 per share and revenue of $34.84 million, both below expectations. Revenue also fell 28.8% from a year earlier.
- Despite the operational losses, analysts remain constructive, with several firms raising price targets and maintaining buy ratings, including HC Wainwright’s $30 target and Jefferies’ newly initiated $32 target.
Cipher Mining Inc. (NASDAQ:CIFR - Get Free Report) COO Patrick Arthur Kelly sold 48,000 shares of the firm's stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $19.36, for a total transaction of $929,280.00. Following the completion of the transaction, the chief operating officer directly owned 1,451,856 shares of the company's stock, valued at $28,107,932.16. This represents a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Patrick Arthur Kelly also recently made the following trade(s):
- On Monday, March 16th, Patrick Arthur Kelly sold 35,568 shares of Cipher Mining stock. The shares were sold at an average price of $14.98, for a total transaction of $532,808.64.
Cipher Mining Price Performance
NASDAQ:CIFR opened at $22.29 on Friday. Cipher Mining Inc. has a 1-year low of $3.02 and a 1-year high of $25.52. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 6.13. The firm has a fifty day simple moving average of $16.50 and a 200 day simple moving average of $16.92. The stock has a market capitalization of $9.12 billion, a PE ratio of -9.57 and a beta of 3.13.
Cipher Mining (NASDAQ:CIFR - Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.01). Cipher Mining had a negative net margin of 427.79% and a negative return on equity of 117.65%. The firm had revenue of $34.84 million during the quarter, compared to the consensus estimate of $36.12 million. Cipher Mining's revenue was down 28.8% compared to the same quarter last year. On average, research analysts expect that Cipher Mining Inc. will post -0.9 EPS for the current fiscal year.
Institutional Investors Weigh In On Cipher Mining
Several hedge funds have recently added to or reduced their stakes in CIFR. Millennium Management LLC acquired a new stake in Cipher Mining during the 1st quarter valued at $9,316,000. Goldman Sachs Group Inc. lifted its holdings in Cipher Mining by 52.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,680,219 shares of the company's stock valued at $10,765,000 after purchasing an additional 1,610,073 shares during the last quarter. Franklin Resources Inc. acquired a new stake in Cipher Mining during the 2nd quarter valued at $98,000. Prudential Financial Inc. lifted its holdings in Cipher Mining by 113.7% during the 2nd quarter. Prudential Financial Inc. now owns 31,595 shares of the company's stock valued at $151,000 after purchasing an additional 16,810 shares during the last quarter. Finally, XTX Topco Ltd lifted its holdings in shares of Cipher Mining by 65.2% during the second quarter. XTX Topco Ltd now owns 29,708 shares of the company's stock worth $142,000 after buying an additional 11,725 shares in the last quarter. Institutional investors and hedge funds own 12.26% of the company's stock.
Cipher Mining News Roundup
Here are the key news stories impacting Cipher Mining this week:
- Positive Sentiment: HC Wainwright raised its earnings estimates for Cipher Mining for Q2, Q3, Q4, and full-year 2026, while maintaining a Buy rating and a $30 price target, signaling confidence in the company’s outlook.
- Positive Sentiment: Northland Securities also nudged up its Q2 2026 EPS estimate, suggesting slightly better near-term performance than previously expected.
- Positive Sentiment: An Investopedia article highlighted Bitcoin miners with AI exposure as potential winners, reinforcing the broader market narrative that has helped support Cipher Mining shares. Bitcoin Miners That Got Into AI Have Soaring Stocks. These Experts See More Gains Ahead
- Neutral Sentiment: Cipher Mining COO Patrick Arthur Kelly sold 48,000 shares at $19.36, a disclosure that can create some overhang but was relatively small compared with his remaining stake.
- Negative Sentiment: Northland also cut its FY2026 earnings estimate, and its latest projections still point to losses, which keeps fundamental pressure on the stock despite the recent analyst upgrades.
- Negative Sentiment: Recent company operating results were weak, with the most recent quarterly report missing estimates on both EPS and revenue, reminding investors that Cipher is still unprofitable.
Wall Street Analyst Weigh In
Several research firms recently weighed in on CIFR. BTIG Research reissued a "buy" rating and issued a $25.00 target price on shares of Cipher Mining in a research note on Wednesday, May 6th. Keefe, Bruyette & Woods raised their target price on shares of Cipher Mining from $23.00 to $27.00 and gave the company an "outperform" rating in a research note on Thursday, May 7th. Zacks Research raised Cipher Mining from a "strong sell" rating to a "hold" rating in a report on Wednesday, March 25th. Jefferies Financial Group initiated coverage on Cipher Mining in a report on Thursday. They set a "buy" rating and a $32.00 price target for the company. Finally, Rosenblatt Securities raised their price target on Cipher Mining from $24.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.67.
View Our Latest Stock Analysis on Cipher Mining
Cipher Mining Company Profile
(
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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