Centiva Capital LP Has $1.94 Million Stock Position in CleanSpark, Inc. (NASDAQ:CLSK)

Centiva Capital LP boosted its position in shares of CleanSpark, Inc. (NASDAQ:CLSK - Free Report) by 51.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,725 shares of the company's stock after purchasing an additional 70,789 shares during the period. Centiva Capital LP owned approximately 0.08% of CleanSpark worth $1,940,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of CleanSpark by 10.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,194,835 shares of the company's stock worth $20,500,000 after buying an additional 208,862 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of CleanSpark by 64.0% during the third quarter. Van ECK Associates Corp now owns 1,590,688 shares of the company's stock worth $14,857,000 after purchasing an additional 620,792 shares during the last quarter. Millennium Management LLC grew its stake in CleanSpark by 74.6% in the second quarter. Millennium Management LLC now owns 1,251,278 shares of the company's stock worth $19,958,000 after purchasing an additional 534,825 shares in the last quarter. Marshall Wace LLP bought a new stake in CleanSpark in the second quarter valued at about $18,074,000. Finally, Bank of New York Mellon Corp raised its stake in CleanSpark by 32.8% during the second quarter. Bank of New York Mellon Corp now owns 871,793 shares of the company's stock valued at $13,905,000 after buying an additional 215,124 shares in the last quarter. 43.12% of the stock is owned by institutional investors and hedge funds.

CleanSpark Price Performance

NASDAQ CLSK traded down $0.61 on Tuesday, hitting $13.91. The stock had a trading volume of 40,813,846 shares, compared to its average volume of 31,115,592. The company's 50-day moving average is $11.97 and its two-hundred day moving average is $13.53. CleanSpark, Inc. has a one year low of $6.41 and a one year high of $24.72.

Insider Activity at CleanSpark

In other CleanSpark news, Director Thomas Leigh Wood sold 22,222 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $9.24, for a total value of $205,331.28. Following the completion of the sale, the director now directly owns 137,050 shares in the company, valued at $1,266,342. This represents a 13.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 26,272 shares of company stock worth $254,836 in the last three months. 2.99% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CLSK shares. HC Wainwright reissued a "buy" rating and set a $27.00 price target on shares of CleanSpark in a research report on Tuesday. Macquarie assumed coverage on shares of CleanSpark in a research report on Wednesday, September 25th. They issued an "outperform" rating and a $20.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective on shares of CleanSpark from $12.50 to $10.50 and set a "neutral" rating for the company in a research report on Friday, August 23rd. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $23.00 price objective on shares of CleanSpark in a research note on Thursday, October 3rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $21.42.

CleanSpark 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.