1 week Ago By Defense World Staff
Legal & General Group Plc boosted its holdings in shares of Cipher Mining Inc. (NASDAQ:CIFR – Free Report) by 16.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC.
The firm owned 223,903 shares of the company’s stock after buying an additional 31,091 shares during the period. Legal & General Group Plc owned approximately 0.06% of Cipher Mining worth $1,039,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Cipher Mining by 377.2% during the 3rd quarter.
Barclays PLC now owns 296,493 shares of the company’s stock valued at $1,147,000 after acquiring an additional 234,366 shares during the last quarter. Geode Capital Management LLC lifted its position in 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 purchasing an additional 1,511,455 shares during the last quarter. Virtu Financial LLC grew its stake in Cipher Mining by 21.2% in the 3rd quarter.
Virtu Financial LLC now owns 123,437 shares of the company’s stock worth $478,000 after buying an additional 21,566 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Cipher Mining by 73.4% in the 3rd quarter.
Tidal Investments LLC now owns 3,742,931 shares of the company’s stock worth $14,485,000 after buying an additional 1,584,874 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Cipher Mining by 9.
8% in the 3rd quarter. JPMorgan Chase & Co. now owns 156,385 shares of the company’s stock worth $605,000 after buying an additional 13,996 shares during the last quarter.
12.26% of the stock is currently owned by hedge funds and other institutional investors. Cipher Mining Stock PerformanceShares of NASDAQ:CIFR opened at $3.
08 on Monday. The company has a current ratio of 2.57, a quick ratio of 2.
57 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.
14 billion, a price-to-earnings ratio of -23.69 and a beta of 2.65.
Cipher Mining Inc. has a 12 month low of $1.86 and a 12 month high of $7.
99. The company has a 50-day moving average price of $3.13 and a 200-day moving average price of $4.
83. Wall Street Analyst Weigh InSeveral research analysts recently issued reports on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a $8.
00 target price on shares of Cipher Mining in a research report on Wednesday, February 26th. JPMorgan Chase & Co. cut Cipher Mining from an “overweight” rating to a “neutral” rating in a report on Thursday, March 13th.
Rosenblatt Securities assumed coverage on Cipher Mining in a research note on Friday, March 7th. They issued a “buy” rating and a $6.50 target price for the company.
Keefe, Bruyette & Woods initiated coverage on shares of Cipher Mining in a research note on Wednesday, January 8th. They set an “outperform” rating on the stock. Finally, Needham & Company LLC cut their price objective on shares of Cipher Mining from $7.
50 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock.
According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $8.13.
Check Out Our Latest Research Report on CIFRCipher Mining Profile (Free Report)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.
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(NASDAQ:CIFR – Free Report)..
