CleanSpark, Inc. (NASDAQ:CLSK) Stake Increased by Scotia Capital Inc.

Scotia Capital Inc. boosted its stake in CleanSpark, Inc. (NASDAQ:CLSKFree Report) by 14.5% during the 4th quarter, HoldingsChannel reports. The fund owned 11,810 shares of the company’s stock after buying an additional 1,500 shares during the period. Scotia Capital Inc.’s holdings in CleanSpark were worth $130,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CLSK. DekaBank Deutsche Girozentrale acquired a new position in shares of CleanSpark in the 3rd quarter worth approximately $30,000. VitalStone Financial LLC lifted its stake in CleanSpark by 952.7% during the third quarter. VitalStone Financial LLC now owns 8,895 shares of the company’s stock worth $33,000 after purchasing an additional 8,050 shares during the last quarter. Signaturefd LLC boosted its holdings in CleanSpark by 100.0% in the fourth quarter. Signaturefd LLC now owns 9,000 shares of the company’s stock worth $99,000 after purchasing an additional 4,500 shares during the period. Tucker Asset Management LLC bought a new stake in CleanSpark during the third quarter valued at $38,000. Finally, Amalgamated Bank raised its holdings in shares of CleanSpark by 70.9% during the third quarter. Amalgamated Bank now owns 10,526 shares of the company’s stock worth $40,000 after purchasing an additional 4,367 shares during the period. 43.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. TheStreet raised shares of CleanSpark from a “d” rating to a “c-” rating in a report on Friday, February 9th. Cantor Fitzgerald raised their target price on shares of CleanSpark from $10.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. HC Wainwright reaffirmed a “buy” rating and set a $27.00 target price on shares of CleanSpark in a report on Friday, May 10th. JPMorgan Chase & Co. dropped their price target on CleanSpark from $15.00 to $12.50 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, BTIG Research boosted their price objective on CleanSpark from $12.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.80.

Check Out Our Latest Research Report on CLSK

CleanSpark Trading Down 0.2 %

Shares of NASDAQ CLSK opened at $16.33 on Friday. CleanSpark, Inc. has a 12-month low of $3.38 and a 12-month high of $24.72. The stock has a 50 day simple moving average of $16.82 and a 200-day simple moving average of $13.86.

CleanSpark (NASDAQ:CLSKGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. The company had revenue of $111.80 million during the quarter, compared to analyst estimates of $111.11 million. CleanSpark had a negative return on equity of 6.30% and a net margin of 22.41%. As a group, equities analysts forecast that CleanSpark, Inc. will post -0.09 earnings per share for the current year.

Insider Activity at CleanSpark

In other CleanSpark news, CEO Zachary Bradford sold 443,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $20.31, for a total transaction of $8,997,330.00. Following the sale, the chief executive officer now directly owns 2,795,863 shares in the company, valued at approximately $56,783,977.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman S. Matthew Schultz sold 367,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $23.07, for a total transaction of $8,466,690.00. Following the completion of the transaction, the chairman now owns 2,298,975 shares of the company’s stock, valued at $53,037,353.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $8,997,330.00. Following the completion of 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. Insiders sold 811,350 shares of company stock worth $17,486,498 in the last 90 days. Corporate insiders own 3.46% of the company’s stock.

CleanSpark Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CLSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CleanSpark, Inc. (NASDAQ:CLSKFree Report).

Institutional Ownership by Quarter for CleanSpark (NASDAQ:CLSK)

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