State of New Jersey Common Pension Fund D Invests $2.18 Million in Cipher Mining Inc. $CIFR

State of New Jersey Common Pension Fund D bought a new stake in Cipher Mining Inc. (NASDAQ:CIFR) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 147,933 shares of the company’s stock, valued at approximately $2,183,000.

A number of other large investors also recently made changes to their positions in the company. Thames Capital Management LLC purchased a new stake in Cipher Mining in the 3rd quarter valued at about $19,070,000. Vanguard Group Inc. lifted its position in shares of Cipher Mining by 13.4% during the 3rd quarter. Vanguard Group Inc. now owns 22,814,653 shares of the company’s stock worth $287,236,000 after buying an additional 2,699,717 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Cipher Mining by 138.2% in the 3rd quarter. American Century Companies Inc. now owns 1,406,864 shares of the company’s stock worth $17,712,000 after buying an additional 816,198 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Cipher Mining by 15.7% in the third quarter. Private Advisor Group LLC now owns 1,789,462 shares of the company’s stock valued at $22,529,000 after acquiring an additional 242,894 shares in the last quarter. Finally, Tyche Wealth Partners LLC grew its holdings in shares of Cipher Mining by 119.0% in the fourth quarter. Tyche Wealth Partners LLC now owns 115,000 shares of the company’s stock valued at $1,697,000 after acquiring an additional 62,500 shares in the last quarter. 12.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Cipher Mining news, Director James E. Newsome sold 45,161 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $15.74, for a total transaction of $710,834.14. Following the sale, the director owned 127,331 shares of the company’s stock, valued at $2,004,189.94. The trade was a 26.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Wesley Hastie Williams sold 28,169 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $22.26, for a total value of $627,041.94. Following the sale, the director owned 129,976 shares in the company, valued at approximately $2,893,265.76. This represents a 17.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 196,398 shares of company stock worth $3,347,410 in the last three months. Insiders own 2.63% of the company’s stock.

More Cipher Mining News

Here are the key news stories impacting Cipher Mining this week:

• Positive Sentiment: Rosenblatt Securities raised its price target on Cipher Mining to $30 from $24 and reiterated a buy rating, signaling confidence in further upside. Rosenblatt Securities Raises Price Target on Cipher Mining
• Positive Sentiment: Keefe, Bruyette & Woods lifted its target to $27 from $23 and kept an outperform rating, which reinforced the bullish analyst trend. Cipher Mining Price Target Raised by Keefe, Bruyette & Woods
• Positive Sentiment: HC Wainwright also reportedly increased its price target to $30, adding another vote of confidence in Cipher Mining’s outlook. Cipher Mining Given New Price Target at HC Wainwright
• Positive Sentiment: News coverage highlighted Cipher Mining’s momentum tied to large AI campus leases and a $2.2 billion financing, which supports the company’s growth story and could attract momentum investors. Cipher Digital Is Up After Massive AI Campus Leases And Financing
• Neutral Sentiment: Cipher Mining said it will participate in several upcoming investor and industry conferences, which may help keep the company visible but does not change fundamentals by itself. Cipher Digital Announces Participation in Upcoming Investor and Industry Conferences
• Negative Sentiment: Director Cary M. Grossman sold 20,000 shares, trimming his stake by 11.73%, which can be viewed as a mild confidence signal against the stock. Cary M. Grossman Insider Sale SEC Filing
• Negative Sentiment: Director Wesley Hastie Williams sold 28,169 shares, reducing his position by 17.81%, adding a second insider-sale headline that may temper enthusiasm. Wesley Hastie Williams Insider Sale SEC Filing

Cipher Mining Price Performance

Shares of NASDAQ:CIFR opened at $20.55 on Friday. The firm has a market capitalization of $8.41 billion, a PE ratio of -8.82 and a beta of 3.13. The company has a quick ratio of 3.79, a current ratio of 3.13 and a debt-to-equity ratio of 6.13. The company has a 50-day moving average price of $15.99 and a two-hundred day moving average price of $16.83. Cipher Mining Inc. has a twelve month low of $2.95 and a twelve month high of $25.52.

Cipher Mining (NASDAQ:CIFR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.01). The business had revenue of $34.84 million during the quarter, compared to the consensus estimate 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 quarterly revenue was down 28.8% compared to the same quarter last year. Equities analysts forecast that Cipher Mining Inc. will post -0.9 EPS for the current year.

Analysts Set New Price Targets

CIFR has been the topic of a number of recent analyst reports. Rosenblatt Securities lifted their price target on Cipher Mining from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday. BTIG Research restated a “buy” rating and issued a $25.00 price objective on shares of Cipher Mining in a research note on Wednesday. Cantor Fitzgerald decreased their target price on Cipher Mining from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Wall Street Zen cut Cipher Mining from a “hold” rating to a “strong sell” rating in a research note on Sunday, March 1st. Finally, Zacks Research raised shares of Cipher Mining from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 25th. Fourteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.29.

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.