82,355 Shares in Cipher Mining Inc. (NASDAQ:CIFR) Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC acquired a new stake in Cipher Mining Inc. (NASDAQ:CIFR) during the 4th quarter, Holdings Channel.com reports. The firm acquired 82,355 shares of the company’s stock, valued at approximately $382,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its stake in shares of Cipher Mining by 912.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,027 shares of the company’s stock valued at $28,000 after purchasing an additional 5,432 shares during the period. KBC Group NV acquired a new position in Cipher Mining in the fourth quarter valued at about $46,000. Apollon Wealth Management LLC bought a new position in Cipher Mining during the fourth quarter worth about $49,000. Verition Fund Management LLC grew its position in shares of Cipher Mining by 30.7% during the 3rd quarter. Verition Fund Management LLC now owns 13,130 shares of the company’s stock worth $51,000 after buying an additional 3,086 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in shares of Cipher Mining in the 4th quarter valued at about $51,000. 12.26% of the stock is owned by institutional investors.

Cipher Mining Stock Down 11.8 %

CIFR stock opened at $2.68 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.57 and a quick ratio of 2.57. The stock has a market capitalization of $985.25 million, a P/E ratio of -20.61 and a beta of 2.47. Cipher Mining Inc. has a fifty-two week low of $2.58 and a fifty-two week high of $7.99. The business has a 50-day moving average of $4.61 and a 200-day moving average of $5.00.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CIFR shares. JPMorgan Chase & Co. lowered shares of Cipher Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, March 13th. Cantor Fitzgerald reduced their price target on shares of Cipher Mining from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Rosenblatt Securities initiated coverage on shares of Cipher Mining in a research report on Friday, March 7th. They issued a “buy” rating and a $6.50 price objective for the company. Northland Securities lifted their target price on Cipher Mining from $6.00 to $8.50 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Finally, HC Wainwright restated a “buy” rating and issued a $8.00 price target on shares of Cipher Mining in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $8.13.

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.