CleanSpark, Inc. (NASDAQ:CLSK) Shares Acquired by State Street Corp

State Street Corp increased its position in CleanSpark, Inc. (NASDAQ:CLSK - Free Report) by 4.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,073,912 shares of the company's stock after acquiring an additional 261,195 shares during the period. State Street Corp owned about 2.40% of CleanSpark worth $56,730,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. National Bank of Canada FI increased its stake in CleanSpark by 470.9% in the 2nd quarter. National Bank of Canada FI now owns 2,569 shares of the company's stock worth $41,000 after buying an additional 2,119 shares in the last quarter. Hollencrest Capital Management bought a new stake in CleanSpark in the 2nd quarter valued at $48,000. KBC Group NV lifted its stake in CleanSpark by 42.0% in the 3rd quarter. KBC Group NV now owns 7,403 shares of the company's stock worth $69,000 after purchasing an additional 2,190 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of CleanSpark by 18.4% during 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 last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in shares of CleanSpark by 21.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 7,689 shares of the company's stock valued at $75,000 after purchasing an additional 1,345 shares in the last quarter. Hedge funds and other institutional investors own 43.12% of the company's stock.

CleanSpark Price Performance

NASDAQ CLSK traded down $0.41 during midday trading on Thursday, hitting $10.91. 35,722,152 shares of the company traded hands, compared to its average volume of 31,763,135. CleanSpark, Inc. has a 52 week low of $6.41 and a 52 week high of $24.72. The company's 50-day simple moving average is $12.90 and its 200-day simple moving average is $13.20. The company has a market cap of $3.19 billion, a PE ratio of -18.81 and a beta of 4.16.

Analysts Set New Price Targets

CLSK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded CleanSpark from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $10.50 to $17.00 in a research report on Tuesday, December 10th. 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. HC Wainwright reiterated a "buy" rating and set a $27.00 price target on shares of CleanSpark in a report on Tuesday, December 3rd. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $23.00 price objective on shares of CleanSpark in a research report on Thursday, October 3rd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price 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.