Insider Selling: Cipher Mining (NASDAQ:CIFR) Director Sells $436,200.00 in Stock

Cipher Mining Inc. (NASDAQ:CIFR) Director Cary Grossman sold 30,000 shares of the stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $14.54, for a total transaction of $436,200.00. Following the completion of the transaction, the director owned 170,530 shares of the company’s stock, valued at approximately $2,479,506.20. The trade was a 14.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Cipher Mining Trading Down 4.3%

NASDAQ:CIFR opened at $13.74 on Friday. The firm has a market capitalization of $5.57 billion, a P/E ratio of -6.36 and a beta of 2.96. The company has a debt-to-equity ratio of 3.37, a current ratio of 3.79 and a quick ratio of 3.79. Cipher Mining Inc. has a one year low of $1.86 and a one year high of $25.52. The company’s 50-day simple moving average is $15.71 and its 200 day simple moving average is $16.30.

Institutional Investors Weigh In On Cipher Mining

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Cipher Mining by 43.2% in the 4th quarter. Vanguard Group Inc. now owns 32,680,186 shares of the company’s stock worth $482,360,000 after buying an additional 9,865,533 shares in the last quarter. Voloridge Investment Management LLC bought a new position in Cipher Mining during the 3rd quarter valued at about $70,524,000. Value Aligned Research Advisors LLC bought a new position in Cipher Mining during the 3rd quarter valued at about $64,266,000. Situational Awareness LP boosted its holdings in shares of Cipher Mining by 82.4% during the 4th quarter. Situational Awareness LP now owns 10,469,093 shares of the company’s stock valued at $154,524,000 after acquiring an additional 4,728,600 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Cipher Mining by 3,718.3% during the 4th quarter. Janus Henderson Group PLC now owns 4,292,790 shares of the company’s stock valued at $63,359,000 after acquiring an additional 4,180,362 shares during the last quarter. 12.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CIFR has been the topic of several recent research reports. Wall Street Zen downgraded Cipher Mining from a “hold” rating to a “strong sell” rating in a research note on Sunday, March 1st. Zacks Research raised Cipher Mining from a “strong sell” rating to a “hold” rating in a report on Wednesday. Keefe, Bruyette & Woods cut their target price on Cipher Mining from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 11th. HC Wainwright lowered 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. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $22.00 price target on shares of Cipher Mining in a research note on Wednesday. Fourteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.68.

Key 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 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.