DLK Investment Management LLC Has $92,000 Stock Position in Cipher Mining Inc. $CIFR

DLK Investment Management LLC increased its stake in shares of Cipher Mining Inc. (NASDAQ:CIFR) by 18.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,300 shares of the company’s stock after buying an additional 3,000 shares during the quarter. DLK Investment Management LLC’s holdings in Cipher Mining were worth $92,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. acquired a new position in Cipher Mining during the fourth quarter worth $137,000. BNP Paribas Financial Markets acquired a new stake in shares of Cipher Mining during the 4th quarter worth about $118,000. Bank of America Corp DE lifted its holdings in Cipher Mining by 47.3% during the 4th quarter. Bank of America Corp DE now owns 182,898 shares of the company’s stock valued at $849,000 after purchasing an additional 58,742 shares during the last quarter. Captrust Financial Advisors bought a new position in Cipher Mining during the 4th quarter valued at about $54,000. Finally, Lazard Asset Management LLC boosted its position in Cipher Mining by 33,025.4% in the fourth quarter. Lazard Asset Management LLC now owns 22,194 shares of the company’s stock valued at $101,000 after buying an additional 22,127 shares in the last quarter. 12.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CIFR has been the subject of several recent analyst reports. Macquarie raised their price objective on shares of Cipher Mining from $6.00 to $8.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Cantor Fitzgerald raised their price target on Cipher Mining from $4.00 to $6.00 and gave the company an “overweight” rating in a report on Thursday, June 5th. Canaccord Genuity Group boosted their price objective on Cipher Mining from $9.00 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday. Compass Point assumed coverage on Cipher Mining in a report on Monday. They issued a “buy” rating for the company. Finally, Jones Trading assumed coverage on shares of Cipher Mining in a report on Monday, July 21st. They set a “hold” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $8.11.

Insider Transactions at Cipher Mining

In other Cipher Mining news, major shareholder Top Holdco B.V. Bitfury sold 667,010 shares of Cipher Mining stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $6.11, for a total value of $4,075,431.10. Following the sale, the insider owned 93,667,437 shares of the company’s stock, valued at $572,308,040.07. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Holding Ltd V3 sold 900,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $9.98, for a total value of $8,982,000.00. Following the completion of the sale, the insider owned 83,942,259 shares in the company, valued at approximately $837,743,744.82. This trade represents a 1.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,811,532 shares of company stock valued at $71,140,642. Corporate insiders own 2.89% of the company’s stock.

Cipher Mining Price Performance

NASDAQ CIFR opened at $11.51 on Wednesday. The business has a 50 day simple moving average of $6.70 and a 200 day simple moving average of $4.52. Cipher Mining Inc. has a 52-week low of $1.86 and a 52-week high of $11.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 4.18 and a current ratio of 4.18. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of -26.77 and a beta of 2.76.

Cipher Mining (NASDAQ:CIFR) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.12) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.12). Cipher Mining had a negative net margin of 96.95% and a negative return on equity of 21.71%. The firm had revenue of $43.57 million for the quarter, compared to analyst estimates of $51.89 million. Analysts anticipate that Cipher Mining Inc. will post -0.31 earnings per share for the current fiscal year.

Cipher Mining Profile

Cipher Mining Inc, together with its subsidiaries, engages in the development and operation of industrial scale bitcoin mining data centers in the United States. The company was incorporated in 2020 and is based in New York, New York. Cipher Mining Inc operates as a subsidiary of Bitfury Holding B.V.