Cipher Digital climbed by 16.97 percent on Monday to end at $20.54 apiece, as investors resorted to bargain-hunting after five days of declines, while starting to position portfolios ahead of its earnings release.
The rally followed Friday’s fall to a three-month low of $16.13—a level it last touched in April this year, and which investors took as an opportunity to bargain-hunt.
Meanwhile, Cipher Digital Inc. (NASDAQ:CIFR)—based on its historical reporting dates—is expected to release the results of its earnings performance in the second quarter of the year in the second week of August 2026.
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Hedge Fund Participation Rises, But Conviction Weaker
More institutional investors appeared to be positioning themselves over Cipher Digital Inc.’s (NASDAQ:CIFR) growth prospects, although overall conviction remained limited.
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.
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.
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.
Strong Buy
Cipher Digital Inc. (NASDAQ:CIFR) maintains a strong buy recommendation from 15 analysts.
Among the most recent include coverages from Bernstein and Rosenblatt, which both reiterated a “buy” recommendation on Cipher Digital Inc.’s (NASDAQ:CIFR) shares.
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.
CEO Trims Positions
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.
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.
The sales reported were pursuant to a Rule 10b5-1 trading plan adopted by Page on December 19, 2025.
While we acknowledge the risk and potential of CIFR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CIFR and that has 10,000% upside potential, check out our report about the cheapest AI stock.
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