Cipher Mining (NASDAQ:CIFR) Stock Price Down 5.1% After Insider Selling

Cipher Mining Inc. (NASDAQ:CIFR)’s share price traded down 5.1% on Thursday following insider selling activity. The stock traded as low as $14.92 and last traded at $15.0710. 3,957,602 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 28,859,918 shares. The stock had previously closed at $15.88.

Specifically, Director Cary M. Grossman sold 30,000 shares of Cipher Mining stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $14.54, for a total value of $436,200.00. Following the completion of the transaction, the director directly owned 170,530 shares of the company’s stock, valued at $2,479,506.20. This trade represents a 14.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Rosenblatt Securities restated a “buy” rating and set a $24.00 target price on shares of Cipher Mining in a research report on Thursday. HC Wainwright dropped their price target on Cipher Mining to $25.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Zacks Research raised Cipher Mining from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Keefe, Bruyette & Woods decreased their price objective on Cipher Mining from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 11th. Finally, Wall Street Zen lowered Cipher Mining from a “hold” rating to a “strong sell” rating in a research note on Sunday, March 1st. Fourteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.68.

More Cipher Mining News

Here are the key news stories impacting Cipher Mining this week:

• Positive Sentiment: Needham & Company reiterated a Buy rating on CIFR, signaling continued analyst conviction and supporting upside expectations. Read More.
• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy and set a $24 price target, reinforcing a bullish analyst view that could attract buyers. Read More.
• Positive Sentiment: Zacks Research upgraded Cipher from “strong sell” to “hold,” a modest improvement in sentiment from a prior negative stance. Read More.
• Positive Sentiment: CIFR experienced a sharp gap higher tied to strength in Nasdaq futures, producing short‑term momentum that can attract momentum traders and algos. Read More.
• Neutral Sentiment: Analyst coverage is mixed overall (many Buy ratings and some Hold/Sell), leaving consensus upside but also exposing the stock to sentiment swings; consensus price targets imply material upside versus current levels. Read More.
• Negative Sentiment: Several market pieces highlight steep intraday declines (around 9% in Thursday trading), linking CIFR’s moves to Bitcoin and broader crypto‑miner volatility—this has been a direct driver of selling pressure. Read More.
• Negative Sentiment: Director Cary M. Grossman sold 30,000 shares (~15% reduction in his reported stake), a disclosed insider sale that can be interpreted as profit‑taking and may weigh on sentiment. Read More.
• Negative Sentiment: Zacks published a note highlighting a larger-than-market decline in the latest close, underscoring downside risk from near‑term price moves. Read More.

Cipher Mining Stock Down 4.3%

The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.79 and a current ratio of 3.79. The company’s fifty day moving average price is $15.71 and its 200-day moving average price is $16.30. The stock has a market cap of $5.57 billion, a P/E ratio of -6.36 and a beta of 2.96.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Los Angeles Capital Management LLC bought a new position in shares of Cipher Mining during the fourth quarter valued at approximately $25,000. Arax Advisory Partners lifted its stake in shares of Cipher Mining by 274.2% during the 4th quarter. Arax Advisory Partners now owns 1,826 shares of the company’s stock worth $27,000 after acquiring an additional 1,338 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Cipher Mining by 218.3% during the 4th quarter. GAMMA Investing LLC now owns 1,875 shares of the company’s stock worth $28,000 after acquiring an additional 1,286 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Cipher Mining during the 4th quarter valued at $28,000. Finally, Sherman Asset Management Inc. purchased a new position in Cipher Mining during the 3rd quarter valued at $25,000. Hedge funds and other institutional investors own 12.26% of the company’s stock.

Cipher Mining Company 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.