Banco Bilbao Vizcaya Argentaria S.A. Cuts Stake in Cipher Mining Inc. $CIFR

Banco Bilbao Vizcaya Argentaria S.A. reduced its position in Cipher Mining Inc. (NASDAQ:CIFR - Free Report) by 27.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,034 shares of the company's stock after selling 27,172 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Cipher Mining were worth $325,000 as of its most recent SEC filing.Get Cipher Mining alerts:3 Speculative Stocks to Sell Before the Bottom Drops OutSeveral other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in Cipher Mining by 18.1% during the 2nd quarter. Geode Capital Management LLC now owns 7,242,210 shares of the company's stock valued at $34,621,000 after purchasing an additional 1,108,850 shares during the period. Vident Advisory LLC boosted its stake in shares of Cipher Mining by 11.9% during the first quarter. Vident Advisory LLC now owns 4,753,772 shares of the company's stock valued at $10,934,000 after purchasing an additional 503,694 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Cipher Mining by 52.4% during the first quarter. Goldman Sachs Group Inc. now owns 4,680,219 shares of the company's stock valued at $10,765,000 after buying an additional 1,610,073 shares during the period. Helix Partners Management LP increased its holdings in Cipher Mining by 95.8% during the first quarter. Helix Partners Management LP now owns 4,400,000 shares of the company's stock valued at $10,120,000 after buying an additional 2,153,058 shares during the period. Finally, Millennium Management LLC bought a new position in Cipher Mining in the first quarter worth approximately $9,316,000. 12.26% of the stock is currently owned by institutional investors. Cipher Mining Trading Up 0.3%Shares of Cipher Mining stock opened at $14.62 on Thursday. The firm's 50 day simple moving average is $16.51 and its two-hundred day simple moving average is $9.09. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of -81.22 and a beta of 2.91. Cipher Mining Inc. has a 12-month low of $1.86 and a 12-month high of $25.52. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 1.31. Why Now Could Be the Smartest Time to Buy Crypto StocksCipher Mining (NASDAQ:CIFR - Get Free Report) last announced its quarterly earnings data on Monday, November 3rd. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.07. Cipher Mining had a negative net margin of 34.16% and a negative return on equity of 9.57%. The firm had revenue of $106.69 million for the quarter, compared to analyst estimates of $79.13 million. Analysts predict that Cipher Mining Inc. will post -0.31 EPS for the current year. Insider Buying and Selling at Cipher MiningIn related news, Director Wesley Hastie Williams sold 18,769 shares of Cipher Mining stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $17.51, for a total transaction of $328,645.19. Following the completion of the sale, the director owned 208,012 shares of the company's stock, valued at $3,642,290.12. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Holly Morrow Evans sold 16,269 shares of the company's stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $17.39, for a total value of $282,917.91. Following the completion of the sale, the director owned 210,512 shares in the company, valued at approximately $3,660,803.68. This represents a 7.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 20,758,308 shares of company stock worth $280,420,794. 2.63% of the stock is owned by corporate insiders. Wall Street Analyst Weigh In4 Blockchain Stocks That Aren’t CoinbaseSeveral analysts have issued reports on CIFR shares. Citigroup assumed coverage on Cipher Mining in a research report on Wednesday. They set an "outperform" rating on the stock. Arete assumed coverage on Cipher Mining in a research note on Wednesday, September 24th. They set a "buy" rating and a $24.00 price objective for the company. Canaccord Genuity Group reiterated a "buy" rating and issued a $27.00 target price (up previously from $16.00) on shares of Cipher Mining in a research note on Tuesday, November 4th. JMP Securities set a $30.00 target price on shares of Cipher Mining in a report on Wednesday. Finally, HC Wainwright increased their price target on shares of Cipher Mining to $30.00 and gave the company a "buy" rating in a research report on Monday, November 3rd. Fourteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.73.Get Our Latest Stock Analysis on Cipher MiningAbout Cipher Mining (Free Report)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.See AlsoFive stocks we like better than Cipher MiningGrowth Investing: Should You Adopt This Investing Strategy in 2022?onsemi Places a $6 Billion Bet on Its Own StockWhat is the S&P 500 and How It is Distinct from Other IndexesHIMS Has Been a Roller Coaster Ride. Should Investors Hop On?Which Wall Street Analysts are the Most Accurate?End the Year Strong With These 3 Comeback ChampionsWant to see what other hedge funds are holding CIFR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cipher Mining Inc. (NASDAQ:CIFR - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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