144,349 Shares in CleanSpark, Inc. (NASDAQ:CLSK) Bought by CenterBook Partners LP

CenterBook Partners LP bought a new position in shares of CleanSpark, Inc. (NASDAQ:CLSK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 144,349 shares of the company's stock, valued at approximately $1,329,000. CenterBook Partners LP owned about 0.05% of CleanSpark as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Compagnie Lombard Odier SCmA acquired a new stake in CleanSpark during the 4th quarter worth about $31,000. GAMMA Investing LLC raised its position in shares of 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 last quarter. Russell Investments Group Ltd. raised its holdings in CleanSpark by 60.0% in the fourth quarter. Russell Investments Group Ltd. now owns 5,859 shares of the company's stock worth $54,000 after purchasing an additional 2,196 shares during the period. KBC Group NV boosted its position in shares of CleanSpark by 36.5% during the fourth quarter. KBC Group NV now owns 10,103 shares of the company's stock worth $93,000 after buying an additional 2,700 shares during the period. Finally, R Squared Ltd bought a new position in shares of CleanSpark in the 4th quarter valued at about $101,000. Institutional investors own 43.12% of the company's stock.

CleanSpark Stock Up 0.7 %

Shares of NASDAQ CLSK traded up $0.05 during trading on Wednesday, reaching $7.33. The company had a trading volume of 9,363,299 shares, compared to its average volume of 28,526,956. The business's 50-day moving average is $8.36 and its 200 day moving average is $10.52. The stock has a market cap of $2.06 billion, a PE ratio of 66.64 and a beta of 4.12. CleanSpark, Inc. has a 12-month low of $6.45 and a 12-month high of $21.39.

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

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Amanda Cavaleri sold 13,000 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $7.97, for a total transaction of $103,610.00. Following the sale, the director now owns 140,289 shares in the company, valued at approximately $1,118,103.33. The trade was a 8.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman S. Matthew Schultz sold 9,010 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $10.64, for a total transaction of $95,866.40. Following the completion of the transaction, the chairman now directly owns 2,450,010 shares of the company's stock, valued at approximately $26,068,106.40. This represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,836 shares of company stock worth $335,945. 2.65% of the stock is currently owned by corporate insiders.

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.