Cipher Mining Inc. (NASDAQ:CIFR – Get Free Report) insider William Iwaschuk sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $3.94, for a total transaction of $591,000.00. Following the sale, the insider now directly owns 619,148 shares of the company’s stock, valued at approximately $2,439,443.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Cipher Mining Stock Performance
Shares of CIFR stock opened at $4.11 on Friday. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 68.50 and a beta of 2.24. The company has a current ratio of 8.49, a quick ratio of 8.49 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $3.97 and its 200-day moving average price is $4.20. Cipher Mining Inc. has a 12 month low of $2.15 and a 12 month high of $7.99.
Cipher Mining (NASDAQ:CIFR – Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). Cipher Mining had a net margin of 11.43% and a return on equity of 3.41%. The business had revenue of $36.81 million for the quarter, compared to the consensus estimate of $39.17 million. During the same period last year, the company earned ($0.05) EPS. Equities research analysts forecast that Cipher Mining Inc. will post -0.05 EPS for the current year.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on CIFR
Institutional Trading of Cipher Mining
Several institutional investors have recently modified their holdings of CIFR. Hel Ved Capital Management Ltd acquired a new position in Cipher Mining during the 4th quarter worth about $1,310,000. First Financial Bankshares Inc bought a new position in shares of Cipher Mining during the fourth quarter worth about $9,901,000. Shariaportfolio Inc. acquired a new position in shares of Cipher Mining in the fourth quarter worth approximately $2,460,000. Cantor Fitzgerald L. P. acquired a new position in shares of Cipher Mining in the fourth quarter worth approximately $747,000. Finally, Virtu Financial LLC bought a new stake in Cipher Mining in the fourth quarter valued at approximately $202,000. Institutional investors own 12.26% of the company’s stock.
About Cipher Mining
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.
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