5,104,537 Shares in Cipher Mining Inc. $CIFR Purchased by Value Aligned Research Advisors LLC

Value Aligned Research Advisors LLC acquired a new position in shares of Cipher Mining Inc. (NASDAQ:CIFR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,104,537 shares of the company’s stock, valued at approximately $64,266,000. Cipher Mining accounts for approximately 0.8% of Value Aligned Research Advisors LLC’s portfolio, making the stock its 28th biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Sherman Asset Management Inc. purchased a new stake in shares of Cipher Mining in the third quarter worth approximately $25,000. Hollencrest Capital Management purchased a new stake in Cipher Mining in the 3rd quarter worth approximately $31,000. Peterson Wealth Services acquired a new position in shares of Cipher Mining in the third quarter worth $41,000. Steward Partners Investment Advisory LLC grew its stake in Cipher Mining by 258.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 9,041 shares of the company’s stock valued at $43,000 after purchasing an additional 6,516 shares in the last quarter. Finally, Maripau Wealth Management LLC acquired a new position in Cipher Mining in the 2nd quarter worth about $48,000. Hedge funds and other institutional investors own 12.26% of the company’s stock.

Insider Transactions at Cipher Mining

In other news, Director Wesley Hastie Williams sold 49,867 shares of the stock in a transaction on Friday, December 19th. The shares were sold at an average price of $16.08, for a total value of $801,861.36. Following the completion of the transaction, the director owned 158,145 shares in the company, valued at approximately $2,542,971.60. This represents a 23.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James E. Newsome sold 45,161 shares of the stock in a transaction dated Wednesday, March 4th. The stock was 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 of the company’s stock, valued at $2,004,189.94. This trade represents a 26.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 152,417 shares of company stock valued at $2,494,174. 2.63% of the stock is owned by corporate insiders.

Cipher Mining Price Performance

Shares of Cipher Mining stock opened at $14.67 on Thursday. Cipher Mining Inc. has a fifty-two week low of $1.86 and a fifty-two week high of $25.52. The company has a market cap of $5.94 billion, a PE ratio of -6.79 and a beta of 2.96. The firm has a fifty day moving average price of $16.13 and a two-hundred day moving average price of $16.02. The company has a debt-to-equity ratio of 3.37, a current ratio of 3.79 and a quick ratio of 3.79.

Analysts Set New Price Targets

CIFR has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cipher Mining in a research report on Monday, December 29th. Morgan Stanley assumed coverage on shares of Cipher Mining in a research note on Monday, February 9th. They issued an “overweight” rating and a $38.00 price objective for the company. Wall Street Zen lowered Cipher Mining from a “hold” rating to a “strong sell” rating in a report on Sunday, March 1st. Citigroup started coverage on Cipher Mining in a report on Wednesday, November 19th. They issued an “outperform” rating for the company. Finally, Wells Fargo & Company set a $18.00 target price on shares of Cipher Mining in a research note on Monday, November 24th. Fourteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.32.

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.