WINTON GROUP Ltd Makes New Investment in Cipher Mining Inc. $CIFR

by · The Markets Daily

WINTON GROUP Ltd acquired a new position in Cipher Mining Inc. (NASDAQ:CIFR – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 86,264 shares of the company’s stock, valued at approximately $2,113,000.

A number of other institutional investors also recently made changes to their positions in CIFR. Los Angeles Capital Management LLC purchased a new position in Cipher Mining in the 4th quarter worth $25,000. Arax Advisory Partners boosted its position in Cipher Mining by 274.2% during the fourth quarter. Arax Advisory Partners now owns 1,826 shares of the company’s stock valued at $27,000 after buying an additional 1,338 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Cipher Mining during the fourth quarter valued at about $28,000. CoreCap Advisors LLC grew its stake in shares of Cipher Mining by 41.7% during the second quarter. CoreCap Advisors LLC now owns 1,700 shares of the company’s stock valued at $42,000 after buying an additional 500 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Cipher Mining by 259.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,357 shares of the company’s stock worth $43,000 after buying an additional 2,423 shares during the period. Hedge funds and other institutional investors own 12.26% of the company’s stock.

Cipher Mining Stock Performance

Shares of NASDAQ:CIFR opened at $16.85 on Friday. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 9.69. The company has a 50-day moving average price of $18.80 and a 200-day moving average price of $19.15. The company has a market cap of $6.99 billion, a price-to-earnings ratio of -5.89 and a beta of 3.15. Cipher Mining Inc. has a 12 month low of $9.85 and a 12 month high of $30.14.

Cipher Mining (NASDAQ:CIFR – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.40). Cipher Mining had a negative return on equity of 156.28% and a negative net margin of 585.75%.The business had revenue of $24.84 million during the quarter, compared to the consensus estimate of $31.86 million. During the same period in the previous year, the business earned ($0.12) earnings per share. As a group, equities analysts anticipate that Cipher Mining Inc. will post -1.36 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CIFR. Weiss Ratings reissued a “sell (d-)” rating on shares of Cipher Mining in a research note on Wednesday, June 24th. Rosenblatt Securities restated a “buy” rating and set a $30.00 price target on shares of Cipher Mining in a research report on Thursday. Needham & Company LLC lifted their price target on Cipher Mining from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Keefe, Bruyette & Woods lowered their price objective on Cipher Mining from $32.00 to $28.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. Finally, BTIG Research increased their price objective on Cipher Mining from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.61.

Check Out Our Latest Research Report on CIFR

Insiders Place Their Bets

In other Cipher Mining news, CEO Tyler Page sold 112,500 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $21.19, for a total value of $2,383,875.00. Following the completion of the sale, the chief executive officer owned 9,084,225 shares in the company, valued at approximately $192,494,727.75. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Cary Grossman sold 15,000 shares of Cipher Mining stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $29.43, for a total value of $441,450.00. Following the completion of the sale, the director owned 143,829 shares in the company, valued at approximately $4,232,887.47. This represents a 9.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 131,258 shares of company stock worth $2,925,288. 3.09% of the stock is currently owned by company insiders.

About Cipher Mining

(Free Report)

Cipher Mining Inc is a United States-based bitcoin mining company that develops and operates data centers designed for large-scale cryptocurrency mining. Its operations use specialized computing equipment to process transactions on the Bitcoin network and earn bitcoin rewards, while the company also focuses on securing access to power and expanding its digital infrastructure.

The company has developed mining facilities in the United States, including sites in Texas, and has pursued additional infrastructure intended to support future growth.

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