10,683 Shares in Cipher Mining Inc. (NASDAQ:CIFR) Purchased by Sloy Dahl & Holst LLC

Sloy Dahl & Holst LLC acquired a new position in Cipher Mining Inc. (NASDAQ:CIFR) during the 4th quarter, HoldingsChannel reports. The fund acquired 10,683 shares of the company’s stock, valued at approximately $44,000.

Other institutional investors also recently bought and sold shares of the company. New York State Common Retirement Fund lifted its stake in Cipher Mining by 104.9% in the 3rd quarter. New York State Common Retirement Fund now owns 10,921 shares of the company’s stock worth $25,000 after purchasing an additional 5,592 shares in the last quarter. American International Group Inc. purchased a new position in Cipher Mining in the 2nd quarter worth approximately $25,000. The Manufacturers Life Insurance Company purchased a new position in Cipher Mining in the 3rd quarter worth approximately $27,000. JPMorgan Chase & Co. lifted its stake in Cipher Mining by 72.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 21,173 shares of the company’s stock worth $29,000 after purchasing an additional 8,896 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Cipher Mining in the 1st quarter worth approximately $30,000. 12.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on CIFR shares. Needham & Company LLC reissued a “buy” rating and issued a $5.00 target price on shares of Cipher Mining in a research note on Monday, March 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $5.00 price target on shares of Cipher Mining in a research report on Thursday, March 28th. HC Wainwright reaffirmed a “buy” rating and set a $4.50 price target on shares of Cipher Mining in a research report on Tuesday, March 5th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $5.50 price target on shares of Cipher Mining in a research report on Thursday, March 28th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.25.

Cipher Mining Trading Down 1.2 %

NASDAQ CIFR traded down $0.04 on Wednesday, reaching $3.32. The stock had a trading volume of 778,150 shares, compared to its average volume of 8,814,488. The firm has a market capitalization of $984.35 million, a price-to-earnings ratio of -33.60 and a beta of 2.22. The company has a quick ratio of 4.60, a current ratio of 4.60 and a debt-to-equity ratio of 0.02. Cipher Mining Inc. has a 12-month low of $1.76 and a 12-month high of $5.75. The stock has a fifty day moving average price of $3.82 and a two-hundred day moving average price of $3.35.

Cipher Mining (NASDAQ:CIFR) last announced its earnings results on Tuesday, March 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. The company had revenue of $43.42 million for the quarter, compared to analyst estimates of $35.73 million. Cipher Mining had a negative return on equity of 6.78% and a negative net margin of 20.32%. As a group, sell-side analysts forecast that Cipher Mining Inc. will post -0.15 EPS for the current fiscal year.

About Cipher Mining

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.