Headlands Technologies LLC Boosts Stock Position in Cipher Mining Inc. (NASDAQ:CIFR)

Headlands Technologies LLC boosted its holdings in shares of Cipher Mining Inc. (NASDAQ:CIFR) by 1,480.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,685 shares of the company’s stock after purchasing an additional 60,591 shares during the quarter. Headlands Technologies LLC’s holdings in Cipher Mining were worth $300,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CIFR. Nisa Investment Advisors LLC raised its position in shares of Cipher Mining by 912.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,027 shares of the company’s stock valued at $28,000 after buying an additional 5,432 shares in the last quarter. KBC Group NV bought a new stake in Cipher Mining during the fourth quarter worth approximately $46,000. Apollon Wealth Management LLC purchased a new stake in Cipher Mining during the fourth quarter valued at approximately $49,000. FNY Investment Advisers LLC bought a new stake in shares of Cipher Mining in the 4th quarter valued at approximately $51,000. Finally, Verition Fund Management LLC boosted its holdings in shares of Cipher Mining by 30.7% in the 3rd quarter. Verition Fund Management LLC now owns 13,130 shares of the company’s stock worth $51,000 after purchasing an additional 3,086 shares during the period. Institutional investors own 12.26% of the company’s stock.

Cipher Mining Price Performance

Shares of CIFR stock opened at $2.10 on Friday. Cipher Mining Inc. has a twelve month low of $1.86 and a twelve month high of $7.99. 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 stock has a fifty day simple moving average of $4.18 and a two-hundred day simple moving average of $4.95. The stock has a market capitalization of $772.02 million, a price-to-earnings ratio of -16.15 and a beta of 2.47.

Wall Street Analyst Weigh In

CIFR has been the topic of several recent research reports. JPMorgan Chase & Co. lowered Cipher Mining from an “overweight” rating to a “neutral” rating in a report on Thursday, March 13th. Needham & Company LLC reduced their target price on shares of Cipher Mining from $7.50 to $7.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Cantor Fitzgerald dropped their price target on shares of Cipher Mining from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Canaccord Genuity Group reissued a “buy” rating and issued a $8.00 price objective on shares of Cipher Mining in a research report on Wednesday, February 26th. Finally, Rosenblatt Securities began coverage on shares of Cipher Mining in a research note on Friday, March 7th. They issued a “buy” rating and a $6.50 price objective for the company. One 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $8.13.

Cipher Mining Company 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.