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

Cipher Mining Inc. (NASDAQ:CIFR)’s share price fell 5.1% during trading on Thursday following insider selling activity. The stock traded as low as $14.92 and last traded at $15.0710. 3,957,602 shares traded hands during 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 the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $14.54, for a total value of $436,200.00. Following the transaction, the director owned 170,530 shares in the company, valued at approximately $2,479,506.20. This represents a 14.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Analysts Set New Price Targets

Several analysts have issued reports on CIFR shares. Canaccord Genuity Group restated a “buy” rating and issued a $27.00 target price on shares of Cipher Mining in a research note on Monday, December 15th. Keefe, Bruyette & Woods decreased their price objective on Cipher Mining from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, March 11th. Wall Street Zen cut Cipher Mining from a “hold” rating to a “strong sell” rating in a research note on Sunday, March 1st. HC Wainwright dropped their price objective on shares of Cipher Mining to $25.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cipher Mining in a research note on Monday, December 29th. Fourteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Cipher Mining has an average rating of “Moderate Buy” and an average price target of $23.68.

More Cipher Mining News

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

• Positive Sentiment: Signed a 15‑year data‑center campus lease with an investment‑grade hyperscale tenant and secured a revolving credit facility of up to $200 million — this materially improves long‑term revenue visibility and near‑term liquidity for expansion. Cipher Digital Announces Business Updates
• Positive Sentiment: Brokerages reaffirmed Buy ratings with elevated price targets (Needham $22, Rosenblatt $24), signaling analyst conviction and implying substantial upside from current levels if execution continues. Benzinga
• Positive Sentiment: Media coverage frames the hyperscaler deal as evidence of rising AI/datacenter demand, which can re-rate data‑center operators and attract investor interest. Barron’s
• Neutral Sentiment: Wall Street commentary highlights growing analyst optimism; coverage can amplify price moves but does not change underlying bitcoin‑mining fundamentals immediately. Zacks
• Neutral Sentiment: Institutional activity shows both new buys and position increases by several funds (e.g., Goldman Sachs, Millennium), which can support liquidity but also reflect active trading rather than consensus conviction.
• Negative Sentiment: Director Cary M. Grossman sold 30,000 shares (~15% reduction in his reported holding); insider sales can be perceived as profit‑taking and may weigh on sentiment near-term. SEC Form 4 – Insider Sale
• Negative Sentiment: Crypto‑mining peers and Cipher itself reacted to downward pressure in Bitcoin/crypto markets today, leading to sectorwide weakness and heavier selling in mining stocks. 247WallSt
• Negative Sentiment: Market alerts note Cipher registered a larger decline than the broader market today, highlighting that short‑term traders are rapidly pricing in the mix of news. Zacks – Intraday Drop

Cipher Mining Trading Down 9.6%

The firm has a 50 day simple moving average of $15.81 and a 200 day simple moving average of $16.25. 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 firm has a market cap of $5.81 billion, a P/E ratio of -6.64 and a beta of 2.96.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Cipher Mining by 996.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,227,021 shares of the company’s stock valued at $10,645,000 after acquiring an additional 2,023,994 shares in the last quarter. Thames Capital Management LLC purchased a new position in shares of Cipher Mining during the third quarter worth about $19,070,000. Legal & General Group Plc grew its holdings in shares of Cipher Mining by 33.4% during the second quarter. Legal & General Group Plc now owns 298,446 shares of the company’s stock worth $1,427,000 after purchasing an additional 74,744 shares in the last quarter. Soros Fund Management LLC increased its position in shares of Cipher Mining by 67.5% in the second quarter. Soros Fund Management LLC now owns 1,300,000 shares of the company’s stock worth $6,214,000 after purchasing an additional 524,044 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Cipher Mining by 13.4% in the third quarter. Vanguard Group Inc. now owns 22,814,653 shares of the company’s stock worth $287,236,000 after purchasing an additional 2,699,717 shares during the last quarter. 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.