For illustration purposes only <\/p>\n
Hedge Fund Participation Rises, But Conviction Weaker <\/p>\n
More institutional investors appeared to be positioning themselves over Cipher Digital Inc.’s (NASDAQ:CIFR) growth prospects, although overall conviction remained limited. <\/p>\n
Based on data by Insider Monkey, a total of 49 hedge funds held positions in the company as of the first quarter of the year, up from 43 in the quarter prior. <\/p>\n
However, conviction turned weaker, with combined positions only totaling $745 million, or a decline of 12.7 percent from the $853 million in the fourth quarter of 2025. <\/p>\n
The ownership signaled that while more funds initiated exposure to the company, sizes were generally smaller, reflecting a more cautious stance rather than strong conviction. <\/p>\n
Strong Buy <\/p>\n
Cipher Digital Inc. (NASDAQ:CIFR) maintains a strong buy recommendation from 15 analysts. <\/p>\n
Among the most recent include coverages from Bernstein and Rosenblatt, which both reiterated a “buy” recommendation on Cipher Digital Inc.’s (NASDAQ:CIFR) shares. <\/p>\n
Bernstein also reaffirmed a $32 price target for its stock, marking a 55.8 percent upside potential from its latest closing price, while Rosenblatt gave a $30 target, or a 46 percent potential gain. <\/p>\n
CEO Trims Positions <\/p>\n
In other news, the company’s CEO, Tyler Page, told the Securities and Exchange Commission that he disposed of $4.9 million worth of shares in the company in separate transactions on July 8 and 9. <\/p>\n
On July 8, Page sold 112,500 shares at a price of $21.19, followed by another 112,500 shares at a price of $22.68. <\/p>\n
The sales reported were pursuant to a Rule 10b5-1 trading plan adopted by Page on December 19, 2025. <\/p>\n
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