Cipher Mining Inc. $CIFR Shares Bought by X Square Capital LLC

X Square Capital LLC lifted its holdings in Cipher Mining Inc. (NASDAQ:CIFR) by 326.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 101,500 shares of the company’s stock after purchasing an additional 77,700 shares during the period. X Square Capital LLC’s holdings in Cipher Mining were worth $1,498,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. CWM LLC lifted its position in shares of Cipher Mining by 43.3% in the 4th quarter. CWM LLC now owns 2,661 shares of the company’s stock worth $39,000 after buying an additional 804 shares during the last quarter. Prospera Financial Services Inc lifted its position in shares of Cipher Mining by 6.7% in the 4th quarter. Prospera Financial Services Inc now owns 15,600 shares of the company’s stock worth $230,000 after buying an additional 980 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Cipher Mining by 218.3% in the 4th quarter. GAMMA Investing LLC now owns 1,875 shares of the company’s stock worth $28,000 after buying an additional 1,286 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Cipher Mining by 26.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,077 shares of the company’s stock worth $104,000 after buying an additional 1,468 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Cipher Mining in the 4th quarter worth about $25,000. 12.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CIFR shares. Morgan Stanley cut their price objective on shares of Cipher Mining from $53.50 to $48.50 and set an “overweight” rating on the stock in a research report on Thursday, June 4th. Zacks Research upgraded shares of Cipher Mining from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 25th. BTIG Research reiterated a “buy” rating and issued a $25.00 price objective on shares of Cipher Mining in a research report on Wednesday, May 6th. Wall Street Zen downgraded shares of Cipher Mining from a “hold” rating to a “strong sell” rating in a research report on Sunday, March 1st. Finally, Cantor Fitzgerald cut their price objective on shares of Cipher Mining from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cipher Mining has a consensus rating of “Moderate Buy” and an average price target of $27.69.

Cipher Mining Stock Up 8.2%

Cipher Mining stock opened at $24.29 on Tuesday. The stock has a market cap of $9.94 billion, a price-to-earnings ratio of -10.42 and a beta of 3.18. 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 company’s 50-day moving average price is $19.29 and its two-hundred day moving average price is $17.37. Cipher Mining Inc. has a 52 week low of $3.29 and a 52 week high of $28.62.

Cipher Mining (NASDAQ:CIFR) last released its earnings results on Tuesday, May 5th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.01). The company had revenue of $34.84 million for the quarter, compared to analyst estimates of $36.12 million. Cipher Mining had a negative net margin of 427.79% and a negative return on equity of 117.65%. Cipher Mining’s revenue for the quarter was down 28.8% on a year-over-year basis. On average, analysts expect that Cipher Mining Inc. will post -0.8 EPS for the current fiscal year.

Insider Activity

In other Cipher Mining news, COO Patrick Arthur Kelly sold 48,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $19.36, for a total transaction of $929,280.00. Following the transaction, the chief operating officer owned 1,451,856 shares of the company’s stock, valued at approximately $28,107,932.16. This trade represents a 3.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cary M. Grossman sold 30,000 shares of Cipher Mining stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $14.54, for a total transaction of $436,200.00. Following the completion of the transaction, the director directly owned 170,530 shares in the company, valued at $2,479,506.20. This represents a 14.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,213,804 shares of company stock worth $82,381,735 in the last 90 days. 2.63% of the stock is currently 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.