Geode Capital Management LLC Increases Stock Holdings in CleanSpark, Inc. (NASDAQ:CLSK)

Geode Capital Management LLC increased its stake in shares of CleanSpark, Inc. (NASDAQ:CLSK - Free Report) by 9.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,163,461 shares of the company's stock after acquiring an additional 549,187 shares during the quarter. Geode Capital Management LLC owned about 2.43% of CleanSpark worth $57,577,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. National Bank of Canada FI lifted its position in shares of CleanSpark by 470.9% in the second 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 position in shares of CleanSpark during the 2nd quarter valued at approximately $48,000. KBC Group NV grew its holdings in shares of CleanSpark by 42.0% in the third quarter. KBC Group NV now owns 7,403 shares of the company's stock valued at $69,000 after purchasing an additional 2,190 shares in the last quarter. Amalgamated Bank increased its position in CleanSpark by 18.4% in the second quarter. Amalgamated Bank now owns 7,667 shares of the company's stock worth $122,000 after purchasing an additional 1,194 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of CleanSpark by 21.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,689 shares of the company's stock worth $75,000 after buying an additional 1,345 shares in the last quarter. 43.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

CleanSpark Trading Down 7.9 %

Shares of NASDAQ:CLSK traded down $0.88 on Monday, reaching $10.26. The company had a trading volume of 27,383,459 shares, compared to its average volume of 31,739,371. CleanSpark, Inc. has a 52-week low of $6.41 and a 52-week high of $24.72. The firm has a market capitalization of $3.00 billion, a PE ratio of -17.69 and a beta of 4.16. The firm's 50 day simple moving average is $12.96 and its 200-day simple moving average is $13.07.

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.