Cantor Fitzgerald L. P. Sells 617,979 Shares of Cipher Mining Inc. $CIFR

Cantor Fitzgerald L. P. decreased its holdings in shares of Cipher Mining Inc. (NASDAQ:CIFR) by 79.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,131 shares of the company’s stock after selling 617,979 shares during the quarter. Cantor Fitzgerald L. P.’s holdings in Cipher Mining were worth $2,029,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Boothbay Fund Management LLC bought a new position in shares of Cipher Mining in the 3rd quarter worth $2,135,000. Alight Capital Management LP increased its holdings in Cipher Mining by 60.0% in the third quarter. Alight Capital Management LP now owns 320,000 shares of the company’s stock valued at $4,029,000 after purchasing an additional 120,000 shares during the last quarter. Algert Global LLC bought a new stake in Cipher Mining in the third quarter valued at about $2,556,000. Alliancebernstein L.P. lifted its stake in Cipher Mining by 5.1% in the third quarter. Alliancebernstein L.P. now owns 290,842 shares of the company’s stock valued at $3,662,000 after buying an additional 14,031 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Cipher Mining by 54.1% during the third quarter. Ameriprise Financial Inc. now owns 15,545 shares of the company’s stock worth $196,000 after buying an additional 5,460 shares during the last quarter. 12.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CIFR has been the subject of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Cipher Mining in a research report on Monday, December 29th. Citigroup began coverage on shares of Cipher Mining in a research note on Wednesday, November 19th. They set an “outperform” rating on the stock. Citizens Jmp set a $30.00 target price on shares of Cipher Mining in a research note on Wednesday, November 19th. Needham & Company LLC cut their target price on shares of Cipher Mining to $22.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. raised shares of Cipher Mining from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $12.00 to $18.00 in a research report on Monday, November 24th. Fourteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.32.

Cipher Mining Trading Up 2.7%

NASDAQ CIFR opened at $14.08 on Friday. The firm has a market cap of $5.70 billion, a P/E ratio of -6.52 and a beta of 2.96. The company has a debt-to-equity ratio of 3.37, a current ratio of 3.79 and a quick ratio of 3.79. The stock’s 50-day moving average is $16.27 and its 200-day moving average is $15.86. Cipher Mining Inc. has a one year low of $1.86 and a one year high of $25.52.

Insider Buying and Selling

In other Cipher Mining news, Director Wesley Hastie Williams sold 49,867 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $16.08, for a total transaction of $801,861.36. Following the sale, the director directly owned 158,145 shares in the company, valued at approximately $2,542,971.60. This trade represents a 23.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James E. Newsome sold 45,161 shares of Cipher Mining stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $15.74, for a total transaction of $710,834.14. Following the completion of the transaction, the director directly owned 127,331 shares in the company, valued at approximately $2,004,189.94. The trade was a 26.18% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 187,986 shares of company stock valued at $3,030,554. 2.63% of the stock is owned by corporate insiders.

Cipher Mining Profile

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.