Mirae Asset Global Investments Co. Ltd. Has $19.38 Million Stock Position in CleanSpark, Inc. (NASDAQ:CLSK)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of CleanSpark, Inc. (NASDAQ:CLSK) by 119.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,757,431 shares of the company’s stock after acquiring an additional 957,372 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in CleanSpark were worth $19,384,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Swiss National Bank acquired a new stake in shares of CleanSpark during the third quarter worth $897,000. Versor Investments LP acquired a new stake in shares of CleanSpark during the third quarter worth $453,000. Scotia Capital Inc. acquired a new stake in shares of CleanSpark during the third quarter worth $39,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of CleanSpark by 273.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,237,533 shares of the company’s stock worth $4,715,000 after buying an additional 905,993 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of CleanSpark during the third quarter worth $325,000. Institutional investors and hedge funds own 43.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CLSK shares. HC Wainwright reissued a “buy” rating and set a $27.00 target price on shares of CleanSpark in a report on Wednesday, March 27th. TheStreet raised CleanSpark from a “d” rating to a “c-” rating in a research note on Friday, February 9th. Chardan Capital boosted their price target on CleanSpark from $13.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, March 4th. BTIG Research boosted their price target on CleanSpark from $12.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, Cantor Fitzgerald boosted their price target on CleanSpark from $10.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, CleanSpark has an average rating of “Moderate Buy” and a consensus price target of $18.05.

CleanSpark Price Performance

Shares of NASDAQ CLSK opened at $15.33 on Wednesday. CleanSpark, Inc. has a 12 month low of $2.38 and a 12 month high of $24.72. The stock has a 50-day moving average price of $16.55 and a two-hundred day moving average price of $10.20.

CleanSpark (NASDAQ:CLSK) last issued its earnings results on Thursday, February 8th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.26. The firm had revenue of $73.79 million during the quarter, compared to the consensus estimate of $66.06 million. CleanSpark had a negative return on equity of 16.25% and a negative net margin of 38.09%. Equities analysts forecast that CleanSpark, Inc. will post -0.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CleanSpark news, Director Roger Paul Beynon sold 10,976 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $17.85, for a total transaction of $195,921.60. Following the completion of the transaction, the director now owns 141,381 shares of the company’s stock, valued at $2,523,650.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Roger Paul Beynon sold 10,976 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $17.85, for a total transaction of $195,921.60. Following the sale, the director now directly owns 141,381 shares in the company, valued at $2,523,650.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Zachary Bradford sold 443,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $20.31, for a total value of $8,997,330.00. Following the sale, the chief executive officer now owns 2,795,863 shares in the company, valued at $56,783,977.53. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,169,620 shares of company stock valued at $24,963,509. 3.46% of the stock is currently owned by corporate insiders.

CleanSpark Profile

CleanSpark, Inc operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc and changed its name to CleanSpark, Inc in November 2016.