Leonteq Securities AG Invests $414,000 in Cipher Mining Inc. $CIFR

Leonteq Securities AG bought a new position in Cipher Mining Inc. (NASDAQ:CIFR) in the fourth quarter, Holdings Channel.com reports. The firm bought 28,024 shares of the company’s stock, valued at approximately $414,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Rathbones Group PLC bought a new position in shares of Cipher Mining in the fourth quarter worth about $159,000. CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of Cipher Mining in the fourth quarter worth about $1,579,000. GSA Capital Partners LLP lifted its holdings in shares of Cipher Mining by 45.4% in the fourth quarter. GSA Capital Partners LLP now owns 56,409 shares of the company’s stock worth $833,000 after acquiring an additional 17,619 shares during the last quarter. Handelsbanken Fonder AB bought a new position in shares of Cipher Mining in the fourth quarter worth about $886,000. Finally, ProShare Advisors LLC lifted its holdings in shares of Cipher Mining by 32.9% in the fourth quarter. ProShare Advisors LLC now owns 60,279 shares of the company’s stock worth $890,000 after acquiring an additional 14,926 shares during the last quarter. Institutional investors own 12.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CIFR. Needham & Company LLC increased their target price on shares of Cipher Mining from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Cantor Fitzgerald dropped their target price on shares of Cipher Mining from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Jefferies Financial Group assumed coverage on shares of Cipher Mining in a report on Thursday, May 14th. They issued a “buy” rating and a $32.00 target price for the company. Wall Street Zen downgraded Cipher Mining from a “hold” rating to a “strong sell” rating in a research note on Sunday, March 1st. Finally, Rosenblatt Securities upped their price objective on Cipher Mining from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Fifteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $27.00.

Cipher Mining Stock Performance

Cipher Mining stock opened at $21.97 on Friday. The business has a 50 day moving average of $17.18 and a 200-day moving average of $16.97. Cipher Mining Inc. has a 1 year low of $3.08 and a 1 year high of $25.52. The company has a debt-to-equity ratio of 6.13, a current ratio of 3.13 and a quick ratio of 3.13. The company has a market capitalization of $8.99 billion, a P/E ratio of -9.43 and a beta of 3.13.

Cipher Mining (NASDAQ:CIFR) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.28) earnings per share (EPS) 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 analyst estimates of $36.12 million. The firm’s quarterly revenue was down 28.8% compared to the same quarter last year. On average, equities research analysts predict that Cipher Mining Inc. will post -0.8 earnings per share for the current year.

Insider Buying and Selling

In other Cipher Mining news, CEO Tyler Page sold 37,500 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $16.11, for a total transaction of $604,125.00. Following the completion of the sale, the chief executive officer owned 8,263,862 shares of the company’s stock, valued at approximately $133,130,816.82. This represents a 0.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Wesley Hastie Williams sold 28,169 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were 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 $2,893,265.76. This represents a 17.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 258,965 shares of company stock valued at $4,588,569 over the last three months. Insiders own 2.63% of the company’s stock.

About Cipher Mining

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.