Matauro LLC Purchases Shares of 33,125 Cipher Mining Inc. (NASDAQ:CIFR)

Matauro LLC acquired a new position in Cipher Mining Inc. (NASDAQ:CIFR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 33,125 shares of the company’s stock, valued at approximately $154,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC lifted its position in Cipher Mining by 90.4% in the 4th quarter. Private Advisor Group LLC now owns 200,940 shares of the company’s stock worth $932,000 after buying an additional 95,400 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Cipher Mining by 70.8% during the fourth quarter. New York State Common Retirement Fund now owns 55,982 shares of the company’s stock worth $260,000 after acquiring an additional 23,200 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Cipher Mining by 23.1% in the 4th quarter. Rhumbline Advisers now owns 270,106 shares of the company’s stock worth $1,253,000 after acquiring an additional 50,630 shares during the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of Cipher Mining in the 4th quarter valued at $49,000. Finally, Tobam grew its holdings in shares of Cipher Mining by 22.7% during the 4th quarter. Tobam now owns 18,023 shares of the company’s stock valued at $84,000 after purchasing an additional 3,336 shares during the last quarter. 12.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CIFR. Cantor Fitzgerald lowered 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. Northland Securities boosted their target price on Cipher Mining from $6.00 to $8.50 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. upgraded Cipher Mining from a “neutral” rating to an “overweight” rating and set a $8.00 target price for the company in a report on Tuesday, December 10th. Macquarie lifted their price target on Cipher Mining from $6.00 to $7.25 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $7.00 target price on shares of Cipher Mining in a report on Friday, November 1st. Ten research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $8.14.

Cipher Mining Stock Down 9.7 %

NASDAQ:CIFR opened at $5.49 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.57 and a current ratio of 2.57. The firm has a market cap of $1.91 billion, a P/E ratio of -42.23 and a beta of 2.41. Cipher Mining Inc. has a fifty-two week low of $2.65 and a fifty-two week high of $7.99. The firm has a 50-day simple moving average of $5.51 and a two-hundred day simple moving average of $5.01.

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.