CleanSpark (NASDAQ:CLSK) Shares Gap Up to $4.43

CleanSpark, Inc. (NASDAQ:CLSK – Get Rating) shares gapped up before the market opened on Tuesday . The stock had previously closed at $4.43, but opened at $4.53. CleanSpark shares last traded at $4.71, with a volume of 2,378,610 shares trading hands.

Analyst Upgrades and Downgrades

CLSK has been the topic of a number of analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $12.00 price objective on shares of CleanSpark in a report on Friday, February 10th. BTIG Research dropped their price target on shares of CleanSpark from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, February 9th. Finally, Chardan Capital reiterated a “buy” rating and set a $5.00 price objective on shares of CleanSpark in a research report on Monday, April 17th.

CleanSpark Price Performance

The stock’s fifty day moving average is $3.57 and its two-hundred day moving average is $2.89. The stock has a market capitalization of $503.72 million, a P/E ratio of 7.64 and a beta of 3.90.

Institutional Investors Weigh In On CleanSpark

A number of institutional investors and hedge funds have recently modified their holdings of CLSK. Barclays PLC raised its holdings in CleanSpark by 533.2% during the 4th quarter. Barclays PLC now owns 12,253 shares of the company’s stock worth $25,000 after buying an additional 10,318 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of CleanSpark by 2,759.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 13,524 shares of the company’s stock valued at $28,000 after acquiring an additional 13,051 shares during the period. Toroso Investments LLC purchased a new stake in shares of CleanSpark in the 3rd quarter valued at approximately $32,000. Tower Research Capital LLC TRC boosted its stake in CleanSpark by 139.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 12,114 shares of the company’s stock worth $34,000 after purchasing an additional 7,050 shares during the period. Finally, Squarepoint Ops LLC grew its position in CleanSpark by 68.5% during the 4th quarter. Squarepoint Ops LLC now owns 18,886 shares of the company’s stock worth $39,000 after purchasing an additional 7,678 shares in the last quarter. 25.47% of the stock is owned by institutional investors and hedge funds.

About CleanSpark

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CleanSpark, Inc is a Bitcoin mining and energy technology company, which engages in the provision of solutions to modern energy challenge and an advanced energy software and control technology. The company was founded by S. Matthew Schultz on October 15, 1987 and is headquartered in Henderson, NV.