Assenagon Asset Management S.A. Acquires Shares of 4,336,612 CleanSpark, Inc. (NASDAQ:CLSK)

Assenagon Asset Management S.A. bought a new stake in CleanSpark, Inc. (NASDAQ:CLSK - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 4,336,612 shares of the company's stock, valued at approximately $39,940,000. Assenagon Asset Management S.A. owned about 1.48% of CleanSpark at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Hollencrest Capital Management acquired a new position in shares of CleanSpark during the second quarter worth approximately $48,000. GAMMA Investing LLC increased its position in CleanSpark by 962.1% during the fourth quarter. GAMMA Investing LLC now owns 3,951 shares of the company's stock worth $36,000 after acquiring an additional 3,579 shares during the period. KBC Group NV raised its stake in CleanSpark by 42.0% during the 3rd quarter. KBC Group NV now owns 7,403 shares of the company's stock valued at $69,000 after purchasing an additional 2,190 shares during the last quarter. Amalgamated Bank boosted its holdings in CleanSpark by 18.4% in the 2nd quarter. Amalgamated Bank now owns 7,667 shares of the company's stock valued at $122,000 after purchasing an additional 1,194 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in CleanSpark by 21.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,689 shares of the company's stock worth $75,000 after purchasing an additional 1,345 shares during the last quarter. Institutional investors own 43.12% of the company's stock.

CleanSpark Price Performance

Shares of CLSK traded up $0.69 during mid-day trading on Friday, reaching $11.87. The company had a trading volume of 27,500,770 shares, compared to its average volume of 23,240,730. The company has a market capitalization of $3.47 billion, a P/E ratio of -20.47 and a beta of 4.26. CleanSpark, Inc. has a twelve month low of $6.41 and a twelve month high of $24.72. The company's 50-day moving average is $12.41 and its 200-day moving average is $12.25.

Wall Street Analyst Weigh In

CLSK has been the subject of several research reports. Macquarie increased their target price on shares of CleanSpark from $20.00 to $24.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $23.00 price objective on shares of CleanSpark in a research report on Thursday, October 3rd. JPMorgan Chase & Co. raised CleanSpark from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $10.50 to $17.00 in a report on Tuesday, December 10th. Finally, HC Wainwright restated a "buy" rating and issued a $27.00 target price on shares of CleanSpark in a research note on Tuesday, December 3rd. Six analysts have rated the stock with a buy rating, According to MarketBeat, CleanSpark presently has a consensus rating of "Buy" and a consensus price target of $23.17.

About CleanSpark

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.