Cipher Mining (NASDAQ:CIFR) Shares Down 7.3% Following Analyst Downgrade

Posted by Brian Himes on Jun 4th, 2026

Shares of Cipher Mining Inc. (NASDAQ:CIFR – Get Free Report) dropped 7.3% on Thursday after Morgan Stanley lowered their price target on the stock from $53.50 to $48.50. Morgan Stanley currently has an overweight rating on the stock. Cipher Mining traded as low as $24.23 and last traded at $24.3340. Approximately 4,160,252 shares traded hands during trading, a decline of 85% from the average daily volume of 27,523,691 shares. The stock had previously closed at $26.24.

A number of other brokerages also recently commented on CIFR. Zacks Research upgraded Cipher Mining from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 25th. Wall Street Zen downgraded Cipher Mining from a “hold” rating to a “strong sell” rating in a research note on Sunday, March 1st. Sanford C. Bernstein initiated coverage on Cipher Mining in a research note on Wednesday. They issued an “outperform” rating and a $32.00 target price on the stock. Cantor Fitzgerald lowered their target price on Cipher Mining from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cipher Mining in a research note on Friday, March 27th. Sixteen 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. According to MarketBeat, Cipher Mining presently has a consensus rating of “Moderate Buy” and an average target price of $27.69.

Check Out Our Latest Stock Analysis on Cipher Mining

Insider Buying and Selling at Cipher Mining

In other news, CEO Tyler Page sold 37,500 shares of the company’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $16.11, for a total transaction of $604,125.00. Following the completion of the sale, the chief executive officer owned 8,263,862 shares in the company, valued at approximately $133,130,816.82. This represents a 0.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Wesley Hastie Williams sold 28,169 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $22.26, for a total value of $627,041.94. Following the sale, the director owned 129,976 shares of the company’s stock, valued at approximately $2,893,265.76. This trade represents a 17.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 213,804 shares of company stock valued at $3,877,735. Corporate insiders own 2.63% of the company’s stock.

Institutional Trading of Cipher Mining

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Cipher Mining by 13.4% during the 3rd quarter. Vanguard Group Inc. now owns 22,814,653 shares of the company’s stock worth $287,236,000 after acquiring an additional 2,699,717 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Cipher Mining by 138.2% during the 3rd quarter. American Century Companies Inc. now owns 1,406,864 shares of the company’s stock worth $17,712,000 after purchasing an additional 816,198 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Cipher Mining by 16.6% during the 4th quarter. HighTower Advisors LLC now owns 671,775 shares of the company’s stock worth $9,915,000 after purchasing an additional 95,686 shares during the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of Cipher Mining during the 4th quarter worth about $667,000. Finally, Private Advisor Group LLC lifted its position in shares of Cipher Mining by 15.7% during the 3rd quarter. Private Advisor Group LLC now owns 1,789,462 shares of the company’s stock worth $22,529,000 after purchasing an additional 242,894 shares during the last quarter. Institutional investors own 12.26% of the company’s stock.

Cipher Mining Stock Down 4.3%

The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 6.13. The firm has a market cap of $10.28 billion, a price-to-earnings ratio of -10.71 and a beta of 3.18. The firm has a 50-day moving average of $18.75 and a two-hundred day moving average of $17.17.

Cipher Mining (NASDAQ:CIFR – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.01). Cipher Mining had a negative return on equity of 117.65% and a negative net margin of 427.79%.The business had revenue of $34.84 million for the quarter, compared to analyst estimates of $36.12 million. Cipher Mining’s revenue was down 28.8% on a year-over-year basis. As a group, sell-side analysts predict that Cipher Mining Inc. will post -0.8 earnings per share for the current fiscal year.

Cipher Mining Company Profile

(Get Free Report)

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.