Cipher Mining’s (CIFR) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Cipher Mining (NASDAQ:CIFR) in a research report report published on Wednesday morning,Benzinga reports. They currently have a $22.00 target price on the stock.

Other analysts have also recently issued reports about the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Cipher Mining in a research note on Monday, December 29th. HC Wainwright dropped their target price on shares of Cipher Mining to $25.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Rosenblatt Securities reissued a “buy” rating and set a $24.00 target price on shares of Cipher Mining in a research report on Thursday, March 19th. Zacks Research cut shares of Cipher Mining from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Finally, Keefe, Bruyette & Woods dropped their price objective 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. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.68.

Cipher Mining Stock Down 4.3%

Shares of Cipher Mining stock opened at $13.74 on Wednesday. Cipher Mining has a 12-month low of $1.86 and a 12-month high of $25.52. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 3.37. The stock has a 50 day moving average price of $15.71 and a two-hundred day moving average price of $16.30. The stock has a market capitalization of $5.57 billion, a P/E ratio of -6.36 and a beta of 2.96.

Insider Transactions at Cipher Mining

In other Cipher Mining news, Director James E. Newsome sold 45,161 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $15.74, for a total value of $710,834.14. Following the completion of the transaction, the director owned 127,331 shares of the company’s stock, valued at $2,004,189.94. This represents a 26.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tyler Page sold 37,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $16.11, for a total value of $604,125.00. Following the completion of the sale, the chief executive officer owned 8,263,862 shares of the company’s stock, valued at $133,130,816.82. This represents a 0.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 183,797 shares of company stock valued at $2,915,655 in the last ninety days. 2.63% of the stock is owned by corporate insiders.

Institutional Trading of Cipher Mining

A number of institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC bought a new position in Cipher Mining in the first quarter worth $9,316,000. Goldman Sachs Group Inc. boosted its stake 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 worth $10,765,000 after buying an additional 1,610,073 shares in the last quarter. Geode Capital Management LLC increased its holdings in Cipher Mining by 18.1% in the 2nd quarter. Geode Capital Management LLC now owns 7,242,210 shares of the company’s stock valued at $34,621,000 after buying an additional 1,108,850 shares during the period. Police & Firemen s Retirement System of New Jersey raised its stake in shares of Cipher Mining by 32.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 60,235 shares of the company’s stock valued at $288,000 after buying an additional 14,649 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Cipher Mining by 45.9% in the 2nd quarter. Creative Planning now owns 115,144 shares of the company’s stock valued at $550,000 after buying an additional 36,251 shares in the last quarter. 12.26% of the stock is currently owned by institutional investors.

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.