Troluce Capital Advisors LLC Acquires New Position in Cipher Mining Inc. $CIFR

Troluce Capital Advisors LLC bought a new position in Cipher Mining Inc. (NASDAQ:CIFR) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,350,000 shares of the company’s stock, valued at approximately $17,374,000. Cipher Mining makes up about 1.1% of Troluce Capital Advisors LLC’s holdings, making the stock its 27th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. HighTower Advisors LLC boosted its position in Cipher Mining by 16.6% during the fourth quarter. HighTower Advisors LLC now owns 671,775 shares of the company’s stock valued at $9,915,000 after buying an additional 95,686 shares during the period. Foundations Investment Advisors LLC purchased a new position in shares of Cipher Mining in the fourth quarter worth about $667,000. Purpose Unlimited Inc. bought a new stake in shares of Cipher Mining in the 4th quarter valued at about $1,558,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in Cipher Mining during the 1st quarter valued at about $2,188,000. Finally, Tyche Wealth Partners LLC boosted its holdings in Cipher Mining by 119.0% during the 4th quarter. Tyche Wealth Partners LLC now owns 115,000 shares of the company’s stock valued at $1,697,000 after acquiring an additional 62,500 shares during the period. 12.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on CIFR shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cipher Mining in a research report on Wednesday, June 24th. Chardan Capital set a $32.00 target price on shares of Cipher Mining in a research note on Monday. BTIG Research upped their price target on shares of Cipher Mining from $25.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Keefe, Bruyette & Woods increased their price target on shares of Cipher Mining from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, Morgan Stanley cut their price target on shares of Cipher Mining from $48.50 to $47.00 and set an “overweight” rating on the stock in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $28.44.

Cipher Mining Price Performance

Shares of Cipher Mining stock opened at $23.15 on Monday. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 6.13. The company has a market cap of $9.47 billion, a PE ratio of -9.94 and a beta of 3.18. The business has a 50 day moving average of $23.27 and a 200 day moving average of $18.93. Cipher Mining Inc. has a 52 week low of $4.55 and a 52 week high of $30.14.

Cipher Mining (NASDAQ:CIFR) last released its quarterly 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). The company had revenue of $34.84 million during the quarter, compared to the consensus estimate of $36.12 million. Cipher Mining had a negative net margin of 427.79% and a negative return on equity of 117.65%. The company’s quarterly revenue was down 28.8% compared to the same quarter last year. As a group, equities research analysts forecast that Cipher Mining Inc. will post -0.8 earnings per share for the current year.

Insider Transactions at Cipher Mining

In other news, Director James E. Newsome sold 3,758 shares of Cipher Mining stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $26.60, for a total transaction of $99,962.80. Following the sale, the director owned 128,530 shares of the company’s stock, valued at approximately $3,418,898. The trade was a 2.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Holding Ltd V3 sold 1,200,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $25.49, for a total transaction of $30,588,000.00. Following the transaction, the insider owned 58,316,694 shares in the company, valued at $1,486,492,530.06. This represents a 2.02% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 3,245,336 shares of company stock worth $83,803,938. 2.63% of the stock is owned by corporate 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.