Banco Bilbao Vizcaya Argentaria S.A. Purchases Shares of 86,000 CleanSpark, Inc. (NASDAQ:CLSK)

Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of CleanSpark, Inc. (NASDAQ:CLSK - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 86,000 shares of the company's stock, valued at approximately $835,000.

A number of other institutional investors have also added to or reduced their stakes in CLSK. Assenagon Asset Management S.A. bought a new stake in shares of CleanSpark during the fourth quarter valued at approximately $39,940,000. Price T Rowe Associates Inc. MD grew its position in CleanSpark by 1,018.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,687,022 shares of the company's stock valued at $15,538,000 after purchasing an additional 1,536,145 shares during the period. Jump Financial LLC bought a new stake in CleanSpark during the 4th quarter valued at $13,443,000. Invesco Ltd. raised its holdings in CleanSpark by 44.2% during the fourth quarter. Invesco Ltd. now owns 2,984,362 shares of the company's stock worth $27,486,000 after buying an additional 914,279 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of CleanSpark by 40.0% in the fourth quarter. Van ECK Associates Corp now owns 2,227,199 shares of the company's stock valued at $20,513,000 after buying an additional 636,511 shares in the last quarter. 43.12% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Chairman S. Matthew Schultz sold 9,010 shares of CleanSpark stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $10.64, for a total value of $95,866.40. Following the sale, the chairman now owns 2,450,010 shares of the company's stock, valued at approximately $26,068,106.40. The trade was a 0.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amanda Cavaleri sold 13,000 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $7.97, for a total value of $103,610.00. Following the transaction, the director now directly owns 140,289 shares of the company's stock, valued at approximately $1,118,103.33. This trade represents a 8.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,836 shares of company stock valued at $335,945. Company insiders own 2.65% of the company's stock.

CleanSpark Trading Up 1.7 %

Shares of CleanSpark stock opened at $9.01 on Monday. The business's fifty day simple moving average is $7.97 and its 200 day simple moving average is $10.49. CleanSpark, Inc. has a 12 month low of $6.45 and a 12 month high of $20.64. The firm has a market capitalization of $2.53 billion, a P/E ratio of 81.92 and a beta of 4.12.

CleanSpark (NASDAQ:CLSK - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04. CleanSpark had a negative return on equity of 2.61% and a net margin of 16.07%. Analysts predict that CleanSpark, Inc. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CLSK shares. Chardan Capital upgraded shares of CleanSpark to a "strong-buy" rating in a report on Monday, March 24th. HC Wainwright reissued a "buy" rating and issued a $27.00 price objective on shares of CleanSpark in a research note on Friday, February 7th. Needham & Company LLC assumed coverage on CleanSpark in a research report on Wednesday, February 12th. They set a "buy" rating and a $20.00 target price on the stock. Keefe, Bruyette & Woods assumed coverage on CleanSpark in a research report on Monday, January 27th. They issued an "outperform" rating and a $19.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price objective on shares of CleanSpark from $17.00 to $12.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $21.57.

CleanSpark Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.