Mitsubishi UFJ Asset Management Co. Ltd. Has $276,000 Holdings in Cipher Mining Inc. $CIFR

Mitsubishi UFJ Asset Management Co. Ltd. reduced its holdings in Cipher Mining Inc. (NASDAQ:CIFR) by 73.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,038 shares of the company’s stock after selling 46,100 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Cipher Mining were worth $276,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Ascent Wealth Partners LLC bought a new position in Cipher Mining in the 4th quarter worth approximately $189,000. Truist Financial Corp raised its position in shares of Cipher Mining by 14.6% during the 4th quarter. Truist Financial Corp now owns 63,125 shares of the company’s stock valued at $932,000 after acquiring an additional 8,025 shares during the last quarter. CENTRAL TRUST Co bought a new stake in shares of Cipher Mining in the 4th quarter valued at $87,000. Strs Ohio increased its position in shares of Cipher Mining by 965.0% in the 4th quarter. Strs Ohio now owns 63,900 shares of the company’s stock valued at $943,000 after buying an additional 57,900 shares in the last quarter. Finally, Danske Bank A S increased its position in shares of Cipher Mining by 1,150.0% in the 4th quarter. Danske Bank A S now owns 2,500 shares of the company’s stock valued at $37,000 after buying an additional 2,300 shares in the last quarter. Institutional investors own 12.26% of the company’s stock.

Cipher Mining Stock Performance

NASDAQ CIFR opened at $21.24 on Thursday. 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 market capitalization of $8.69 billion, a price-to-earnings ratio of -9.12 and a beta of 3.13. The firm’s 50 day simple moving average is $16.34 and its 200 day simple moving average is $16.91. Cipher Mining Inc. has a 1 year low of $3.02 and a 1 year high of $25.52.

Cipher Mining (NASDAQ:CIFR) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). Cipher Mining had a negative return on equity of 117.65% and a negative net margin of 427.79%.The business had revenue of $34.84 million for the quarter, compared to analyst estimates of $36.12 million. The company’s revenue was down 28.8% compared to the same quarter last year. As a group, research analysts expect that Cipher Mining Inc. will post -0.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. BTIG Research reaffirmed a “buy” rating and issued a $25.00 target price on shares of Cipher Mining in a research note on Wednesday, May 6th. Rosenblatt Securities raised their target price on shares of Cipher Mining from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cipher Mining in a research note on Friday, March 27th. Morgan Stanley reissued an “overweight” rating and issued a $40.50 price target on shares of Cipher Mining in a report on Monday, April 27th. Finally, Zacks Research raised shares of Cipher Mining from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 25th. Fourteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $26.29.

Insider Transactions at Cipher Mining

In other Cipher Mining news, Director Cary M. Grossman sold 20,000 shares of Cipher Mining stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $21.82, for a total value of $436,400.00. Following the completion of the sale, the director directly owned 150,530 shares of the company’s stock, valued at approximately $3,284,564.60. The trade was a 11.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Wesley Hastie Williams sold 28,169 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $22.26, for a total transaction of $627,041.94. Following the sale, the director directly owned 129,976 shares of the company’s stock, valued at approximately $2,893,265.76. The trade was a 17.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 196,398 shares of company stock valued at $3,347,410. 2.63% of the stock is owned by insiders.

Cipher Mining Company 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.