Tudor Investment Corp ET AL Acquires 2,297,623 Shares of Cipher Mining Inc. $CIFR

Tudor Investment Corp ET AL grew its holdings in shares of Cipher Mining Inc. (NASDAQ:CIFR) by 2,574.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,386,854 shares of the company’s stock after buying an additional 2,297,623 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.60% of Cipher Mining worth $30,050,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Voloridge Investment Management LLC bought a new stake in Cipher Mining during the third quarter worth about $70,524,000. Value Aligned Research Advisors LLC bought a new position in Cipher Mining in the third quarter valued at approximately $64,266,000. Millennium Management LLC acquired a new position in shares of Cipher Mining during the 1st quarter worth approximately $9,316,000. Vanguard Group Inc. increased 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 purchasing an additional 2,699,717 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Cipher Mining by 64.9% during the 3rd quarter. Two Sigma Investments LP now owns 6,746,401 shares of the company’s stock worth $84,937,000 after purchasing an additional 2,655,015 shares in the last quarter. Institutional investors own 12.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CIFR shares. Keefe, Bruyette & Woods cut their price objective on Cipher Mining from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, March 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cipher Mining in a research note on Monday, December 29th. Wells Fargo & Company set a $18.00 price objective on shares of Cipher Mining in a research report on Monday, November 24th. Wall Street Zen lowered shares of Cipher Mining from a “hold” rating to a “strong sell” rating in a research note on Sunday, March 1st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $24.00 target price on shares of Cipher Mining in a report on Thursday. 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.68.

Cipher Mining Stock Down 0.2%

CIFR stock opened at $14.64 on Friday. Cipher Mining Inc. has a 1-year low of $1.86 and a 1-year high of $25.52. The business’s 50 day simple moving average is $16.09 and its 200 day simple moving average is $16.01. The company has a current ratio of 3.79, a quick ratio of 3.79 and a debt-to-equity ratio of 3.37. The firm has a market capitalization of $5.93 billion, a PE ratio of -6.78 and a beta of 2.96.

Insider Buying and Selling at Cipher Mining

In other news, Director James E. Newsome sold 45,161 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $15.74, for a total value of $710,834.14. Following the transaction, the director directly owned 127,331 shares of the company’s stock, valued at $2,004,189.94. This represents a 26.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Patrick Arthur Kelly sold 35,568 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $14.98, for a total transaction of $532,808.64. Following the sale, the chief operating officer owned 1,441,508 shares of the company’s stock, valued at approximately $21,593,789.84. This represents a 2.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 116,297 shares of company stock worth $1,875,330. Corporate insiders own 2.63% of the company’s stock.

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.