CleanSpark, Inc. (NASDAQ:CLSK) Shares Purchased by Barclays PLC

Barclays PLC lifted its stake in CleanSpark, Inc. (NASDAQ:CLSK - Free Report) by 364.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 389,201 shares of the company's stock after purchasing an additional 305,316 shares during the period. Barclays PLC owned approximately 0.15% of CleanSpark worth $3,634,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Quest Partners LLC acquired a new stake in shares of CleanSpark during the 3rd quarter valued at approximately $374,000. Kovitz Investment Group Partners LLC increased its stake in CleanSpark by 85.8% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 184,950 shares of the company's stock valued at $1,727,000 after purchasing an additional 85,388 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in CleanSpark by 10.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,194,835 shares of the company's stock worth $20,500,000 after purchasing an additional 208,862 shares during the last quarter. Quantbot Technologies LP purchased a new stake in CleanSpark during the third quarter worth $1,960,000. Finally, Clarity Capital Partners LLC grew its holdings in CleanSpark by 100.8% in the third quarter. Clarity Capital Partners LLC now owns 175,056 shares of the company's stock valued at $1,635,000 after purchasing an additional 87,891 shares during the last quarter. Hedge funds and other institutional investors own 43.12% of the company's stock.

CleanSpark Trading Down 7.9 %

Shares of NASDAQ CLSK traded down $0.88 during midday trading on Monday, reaching $10.26. 27,383,459 shares of the stock were exchanged, compared to its average volume of 31,739,371. The stock has a 50 day moving average price of $12.96 and a 200-day moving average price of $13.07. The company has a market capitalization of $3.00 billion, a P/E ratio of -17.69 and a beta of 4.16. CleanSpark, Inc. has a 52-week low of $6.41 and a 52-week high of $24.72.

Wall Street Analysts Forecast Growth

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

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.