CAP Partners LLC lowered its holdings in CleanSpark, Inc. (NASDAQ:CLSK - Free Report) by 71.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,284 shares of the company's stock after selling 35,127 shares during the period. CAP Partners LLC's holdings in CleanSpark were worth $132,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in shares of CleanSpark by 9.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,163,461 shares of the company's stock valued at $57,577,000 after buying an additional 549,187 shares during the period. State Street Corp lifted its stake in CleanSpark by 4.5% in the third quarter. State Street Corp now owns 6,073,912 shares of the company's stock worth $56,730,000 after acquiring an additional 261,195 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in CleanSpark during the 4th quarter worth approximately $39,940,000. Charles Schwab Investment Management Inc. increased its position in shares of CleanSpark by 10.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,194,835 shares of the company's stock valued at $20,500,000 after purchasing an additional 208,862 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of CleanSpark by 64.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,590,688 shares of the company's stock valued at $14,857,000 after purchasing an additional 620,792 shares in the last quarter. 43.12% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on CLSK shares. Needham & Company LLC assumed coverage on shares of CleanSpark in a research note on Wednesday. They set a "buy" rating and a $20.00 target price for the company. JPMorgan Chase & Co. raised CleanSpark from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $10.50 to $17.00 in a research report on Tuesday, December 10th. Macquarie increased their price objective on CleanSpark from $20.00 to $24.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. HC Wainwright restated a "buy" rating and issued a $27.00 price objective on shares of CleanSpark in a research note on Friday, February 7th. Finally, Keefe, Bruyette & Woods initiated coverage on CleanSpark in a research note on Monday, January 27th. They set an "outperform" rating and a $19.00 price target on the stock. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CleanSpark currently has an average rating of "Buy" and a consensus price target of $22.25.
Read Our Latest Report on CleanSpark
CleanSpark Stock Down 0.3 %
CLSK traded down $0.03 on Friday, hitting $10.64. 15,565,409 shares of the company traded hands, compared to its average volume of 23,691,723. CleanSpark, Inc. has a 12-month low of $8.04 and a 12-month high of $24.72. The company has a 50 day moving average of $11.05 and a 200-day moving average of $11.42. The stock has a market capitalization of $2.99 billion, a PE ratio of 96.72 and a beta of 4.24.
CleanSpark (NASDAQ:CLSK - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.04. CleanSpark had a negative return on equity of 2.81% and a net margin of 16.07%. On average, research analysts anticipate that CleanSpark, Inc. will post 0.29 EPS for the current year.
About CleanSpark
(
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.
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