Virtu Financial LLC Boosts Position in Cipher Mining Inc. (NASDAQ:CIFR)

Virtu Financial LLC lifted its position in Cipher Mining Inc. (NASDAQ:CIFR) by 47.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 182,245 shares of the company’s stock after purchasing an additional 58,808 shares during the quarter. Virtu Financial LLC’s holdings in Cipher Mining were worth $846,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CIFR. Chesapeake Capital Corp IL grew its stake in shares of Cipher Mining by 37.2% in the 4th quarter. Chesapeake Capital Corp IL now owns 22,637 shares of the company’s stock valued at $105,000 after buying an additional 6,137 shares during the period. Xponance Inc. increased its stake in Cipher Mining by 17.8% during the fourth quarter. Xponance Inc. now owns 14,151 shares of the company’s stock worth $66,000 after acquiring an additional 2,140 shares during the last quarter. Intech Investment Management LLC raised its position in Cipher Mining by 161.9% in the fourth quarter. Intech Investment Management LLC now owns 89,790 shares of the company’s stock valued at $417,000 after purchasing an additional 55,500 shares during the period. Cibc World Markets Corp acquired a new position in shares of Cipher Mining in the 4th quarter valued at $88,000. Finally, Swiss National Bank grew its holdings in shares of Cipher Mining by 15.1% during the 4th quarter. Swiss National Bank now owns 452,800 shares of the company’s stock worth $2,101,000 after purchasing an additional 59,500 shares during the period. 12.26% of the stock is currently owned by institutional investors and hedge funds.

Cipher Mining Trading Up 9.6 %

NASDAQ:CIFR opened at $3.20 on Tuesday. The stock has a fifty day moving average price of $4.70 and a 200 day moving average price of $5.01. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.01. Cipher Mining Inc. has a 12-month low of $2.66 and a 12-month high of $7.99. The firm has a market cap of $1.18 billion, a PE ratio of -24.61 and a beta of 2.47.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CIFR. JPMorgan Chase & Co. cut shares of Cipher Mining from an “overweight” rating to a “neutral” rating in a research report on Thursday, March 13th. Needham & Company LLC decreased their price objective on shares of Cipher Mining from $7.50 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Canaccord Genuity Group reiterated a “buy” rating and issued a $8.00 target price on shares of Cipher Mining in a report on Wednesday, February 26th. Keefe, Bruyette & Woods began coverage on Cipher Mining in a research note on Wednesday, January 8th. They set an “outperform” rating on the stock. Finally, Rosenblatt Securities initiated coverage on 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 assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average 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.