Cipher Mining Inc. (NASDAQ:CIFR) Shares Purchased by Hel Ved Capital Management Ltd

Hel Ved Capital Management Ltd increased its position in shares of Cipher Mining Inc. (NASDAQ:CIFR - Free Report) by 193.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 920,035 shares of the company's stock after acquiring an additional 607,035 shares during the period. Cipher Mining comprises 1.2% of Hel Ved Capital Management Ltd's holdings, making the stock its 22nd largest holding. Hel Ved Capital Management Ltd owned approximately 0.26% of Cipher Mining worth $4,269,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wells Fargo & Company MN lifted its holdings in Cipher Mining by 56.3% during the 4th quarter. Wells Fargo & Company MN now owns 114,524 shares of the company's stock worth $531,000 after buying an additional 41,261 shares during the period. Helix Partners Management LP purchased a new stake in Cipher Mining in the 4th quarter valued at $10,426,000. Headlands Technologies LLC grew its holdings in shares of Cipher Mining by 1,480.0% in the fourth quarter. Headlands Technologies LLC now owns 64,685 shares of the company's stock valued at $300,000 after acquiring an additional 60,591 shares in the last quarter. Geode Capital Management LLC raised its position in Cipher Mining by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 5,727,990 shares of the company's stock worth $26,583,000 after acquiring an additional 218,137 shares during the period. Finally, OLD Mission Capital LLC raised its stake in shares of Cipher Mining by 159.7% in the fourth quarter. OLD Mission Capital LLC now owns 47,043 shares of the company's stock valued at $218,000 after buying an additional 28,930 shares during the period. 12.26% of the stock is currently owned by institutional investors.

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Cipher Mining Stock Down 12.0 %

NASDAQ CIFR traded down $0.30 during trading on Thursday, reaching $2.17. 7,119,905 shares of the company's stock were exchanged, compared to its average volume of 10,658,178. The company has a 50 day moving average price of $3.93 and a two-hundred day moving average price of $4.93. The stock has a market cap of $795.92 million, a P/E ratio of -16.65 and a beta of 2.65. Cipher Mining Inc. has a 1 year low of $1.86 and a 1 year high of $7.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.57 and a current ratio of 2.57.

Analyst Upgrades and Downgrades

CIFR has been the subject of several analyst reports. JPMorgan Chase & Co. downgraded Cipher Mining from an "overweight" rating to a "neutral" rating in a research note on Thursday, March 13th. Cantor Fitzgerald decreased their price target on shares of Cipher Mining from $11.00 to $10.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Needham & Company LLC lowered their price objective on Cipher Mining from $7.50 to $7.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Keefe, Bruyette & Woods initiated coverage on Cipher Mining in a research note on Wednesday, January 8th. They issued an "outperform" rating on the stock. Finally, HC Wainwright reiterated a "buy" rating and set a $8.00 price target on shares of Cipher Mining in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $8.13.

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.