Cipher Mining Inc. (NASDAQ:CIFR) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC increased its position in shares of Cipher Mining Inc. (NASDAQ:CIFR - Free Report) by 90.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,940 shares of the company's stock after acquiring an additional 95,400 shares during the quarter. Private Advisor Group LLC owned about 0.06% of Cipher Mining worth $932,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CIFR. Tidal Investments LLC increased its stake in Cipher Mining by 73.4% during the 3rd quarter. Tidal Investments LLC now owns 3,742,931 shares of the company's stock valued at $14,485,000 after purchasing an additional 1,584,874 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Cipher Mining by 37.8% during the third quarter. Geode Capital Management LLC now owns 5,509,853 shares of the company's stock valued at $21,327,000 after buying an additional 1,511,455 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Cipher Mining by 41.5% in the 3rd quarter. Van ECK Associates Corp now owns 3,900,219 shares of the company's stock valued at $15,094,000 after acquiring an additional 1,144,390 shares during the period. Paloma Partners Management Co purchased a new position in Cipher Mining in the 3rd quarter worth $4,029,000. Finally, State Street Corp lifted its position in Cipher Mining by 17.3% during the 3rd quarter. State Street Corp now owns 6,919,189 shares of the company's stock worth $26,777,000 after acquiring an additional 1,019,949 shares during the period. Hedge funds and other institutional investors own 12.26% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Cantor Fitzgerald reduced their target price on shares of Cipher Mining from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. HC Wainwright reiterated a "buy" rating and set a $8.00 price objective on shares of Cipher Mining in a research note on Wednesday, February 26th. Macquarie upped their target price on Cipher Mining from $6.00 to $7.25 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. BTIG Research lifted their price target on Cipher Mining from $6.00 to $9.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Finally, Northland Securities upped their price objective on Cipher Mining from $6.00 to $8.50 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Ten equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $8.31.

Cipher Mining Price Performance

Cipher Mining stock traded up $0.07 during trading on Tuesday, reaching $3.92. The company had a trading volume of 12,176,293 shares, compared to its average volume of 14,093,760. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.57 and a current ratio of 2.57. The firm's 50-day simple moving average is $5.25 and its 200 day simple moving average is $5.05. The firm has a market capitalization of $1.42 billion, a PE ratio of -30.04 and a beta of 2.41. Cipher Mining Inc. has a 1-year low of $2.65 and a 1-year high of $7.99.

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.