Regal Partners Ltd Acquires Shares of 239,015 Cipher Mining Inc. $CIFR

Regal Partners Ltd bought a new stake in Cipher Mining Inc. (NASDAQ:CIFR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 239,015 shares of the company’s stock, valued at approximately $3,009,000.

Several other institutional investors also recently modified their holdings of CIFR. Millennium Management LLC acquired a new position in Cipher Mining in the first quarter valued at approximately $9,316,000. Vanguard Group Inc. boosted its position in shares of Cipher Mining by 13.4% in the 3rd quarter. Vanguard Group Inc. now owns 22,814,653 shares of the company’s stock worth $287,236,000 after purchasing an additional 2,699,717 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Cipher Mining by 996.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,227,021 shares of the company’s stock valued at $10,645,000 after acquiring an additional 2,023,994 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Cipher Mining by 52.4% during the first quarter. Goldman Sachs Group Inc. now owns 4,680,219 shares of the company’s stock valued at $10,765,000 after purchasing an additional 1,610,073 shares during the period. Finally, Tidal Investments LLC increased its stake in Cipher Mining by 28.3% in the second quarter. Tidal Investments LLC now owns 6,984,438 shares of the company’s stock valued at $33,386,000 after purchasing an additional 1,541,138 shares in the last quarter. Institutional investors and hedge funds own 12.26% of the company’s stock.

Insider Buying and Selling at Cipher Mining

In other news, Director Wesley Hastie Williams sold 49,867 shares of the business’s stock in a transaction dated 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 sale, the director owned 158,145 shares of the company’s stock, valued at approximately $2,542,971.60. The trade was a 23.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James E. Newsome sold 45,161 shares of Cipher Mining 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 sale, the director 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. The SEC filing for this sale provides additional information. Insiders have sold a total of 187,986 shares of company stock valued at $3,030,554 in the last three months. 2.63% of the stock is currently owned by company insiders.

Cipher Mining Price Performance

NASDAQ:CIFR opened at $13.62 on Friday. The company has a market cap of $5.52 billion, a P/E ratio of -6.31 and a beta of 2.96. The firm’s fifty day moving average price is $16.37 and its two-hundred day moving average price is $15.59. Cipher Mining Inc. has a one year low of $1.86 and a one year high of $25.52. 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

A number of equities research analysts have recently commented on CIFR shares. Morgan Stanley initiated coverage on Cipher Mining in a research report on Monday, February 9th. They set an “overweight” rating and a $38.00 price target on the stock. Needham & Company LLC cut their price target on Cipher Mining to $22.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Citizens Jmp set a $30.00 price target on Cipher Mining in a research report on Wednesday, November 19th. Keefe, Bruyette & Woods raised their price objective on Cipher Mining from $13.00 to $22.00 and gave the company a “moderate buy” rating in a report on Tuesday, January 27th. Finally, Zacks Research lowered Cipher Mining from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Fourteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.46.

About Cipher Mining

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.