Alchemi Wealth LLC Invests $1.30 Million in Cipher Mining Inc. $CIFR

Alchemi Wealth LLC purchased a new position in Cipher Mining Inc. (NASDAQ:CIFR) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 88,150 shares of the company’s stock, valued at approximately $1,301,000. Cipher Mining makes up 0.7% of Alchemi Wealth LLC’s investment portfolio, making the stock its 28th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of CIFR. Vanguard Group Inc. raised its holdings in shares of Cipher Mining by 43.2% in the fourth quarter. Vanguard Group Inc. now owns 32,680,186 shares of the company’s stock worth $482,360,000 after buying an additional 9,865,533 shares during the period. Voloridge Investment Management LLC purchased a new position in Cipher Mining during the 3rd quarter worth $70,524,000. Value Aligned Research Advisors LLC purchased a new position in Cipher Mining during the 3rd quarter worth $64,266,000. Situational Awareness LP increased its holdings in Cipher Mining by 82.4% during the 4th quarter. Situational Awareness LP now owns 10,469,093 shares of the company’s stock worth $154,524,000 after purchasing an additional 4,728,600 shares during the period. Finally, Millennium Management LLC purchased a new position in Cipher Mining during the 1st quarter worth $9,316,000. 12.26% of the stock is currently owned by hedge funds and other institutional investors.

Cipher Mining Stock Up 8.3%

Shares of NASDAQ CIFR opened at $24.50 on Friday. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 6.13. The stock has a market capitalization of $10.02 billion, a PE ratio of -10.52 and a beta of 3.18. The stock’s fifty day simple moving average is $20.09 and its two-hundred day simple moving average is $17.59. Cipher Mining Inc. has a 12-month low of $3.29 and a 12-month high of $28.62.

Cipher Mining (NASDAQ:CIFR) last announced its earnings results on Tuesday, May 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.01). The company had revenue of $34.84 million for the quarter, compared to the consensus estimate of $36.12 million. Cipher Mining had a negative net margin of 427.79% and a negative return on equity of 117.65%. The firm’s revenue was down 28.8% on a year-over-year basis. As a group, analysts expect that Cipher Mining Inc. will post -0.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CIFR has been the topic of several research reports. Rosenblatt Securities raised their price objective on Cipher Mining from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Keefe, Bruyette & Woods raised their price objective on Cipher Mining from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. HC Wainwright raised their price objective on Cipher Mining from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Needham & Company LLC raised their price objective on Cipher Mining from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Cantor Fitzgerald reduced their price objective on Cipher Mining from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Cipher Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.69.

Insider Buying and Selling at Cipher Mining

In other Cipher Mining news, Director Wesley Hastie Williams sold 14,567 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $21.41, for a total transaction of $311,879.47. Following the sale, the director owned 115,409 shares of the company’s stock, valued at approximately $2,470,906.69. This trade represents a 11.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Patrick Arthur Kelly sold 48,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $19.36, for a total value of $929,280.00. Following the sale, the chief operating officer directly owned 1,451,856 shares in the company, valued at $28,107,932.16. This trade represents a 3.20% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 3,213,804 shares of company stock worth $82,381,735. 2.63% of the stock is currently owned by company insiders.

Cipher Mining Profile

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.