CleanSpark, Inc. (NASDAQ:CLSK - Get Free Report) CEO Zachary Bradford sold 10,533 shares of CleanSpark stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $10.64, for a total value of $112,071.12. Following the completion of the transaction, the chief executive officer now directly owns 3,059,326 shares of the company's stock, valued at approximately $32,551,228.64. This represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
CleanSpark Stock Down 4.0 %
Shares of CleanSpark stock traded down $0.42 during trading on Tuesday, reaching $10.08. The company's stock had a trading volume of 19,241,667 shares, compared to its average volume of 23,667,131. The business has a 50 day moving average price of $10.83 and a 200-day moving average price of $11.28. CleanSpark, Inc. has a 12-month low of $8.04 and a 12-month high of $24.72. The company has a market capitalization of $2.83 billion, a P/E ratio of 91.64 and a beta of 4.24.
CleanSpark (NASDAQ:CLSK - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.04. CleanSpark had a net margin of 16.07% and a negative return on equity of 2.81%. Research analysts predict that CleanSpark, Inc. will post 0.29 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA acquired a new stake in shares of CleanSpark in the 4th quarter worth approximately $31,000. GAMMA Investing LLC grew its holdings in CleanSpark by 962.1% in the fourth quarter. GAMMA Investing LLC now owns 3,951 shares of the company's stock valued at $36,000 after purchasing an additional 3,579 shares during the last quarter. Hollencrest Capital Management increased its position in shares of CleanSpark by 33.3% in the third quarter. Hollencrest Capital Management now owns 4,000 shares of the company's stock valued at $37,000 after buying an additional 1,000 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of CleanSpark by 60.0% during the 4th quarter. Russell Investments Group Ltd. now owns 5,859 shares of the company's stock worth $54,000 after buying an additional 2,196 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of 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 buying an additional 2,190 shares in the last quarter. 43.12% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
CLSK has been the subject of several research reports. JPMorgan Chase & Co. upgraded shares of CleanSpark from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $10.50 to $17.00 in a research note on Tuesday, December 10th. Macquarie boosted their price objective on shares of CleanSpark from $20.00 to $24.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. HC Wainwright reissued a "buy" rating and issued a $27.00 target price on shares of CleanSpark in a research report on Friday, February 7th. Keefe, Bruyette & Woods assumed coverage on CleanSpark in a report on Monday, January 27th. They set an "outperform" rating and a $19.00 price target on the stock. Finally, Needham & Company LLC initiated coverage on CleanSpark in a research note on Wednesday, February 12th. They set a "buy" rating and a $20.00 price objective for the company. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $22.25.
Read Our Latest Stock Report on CLSK
CleanSpark Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider CleanSpark, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CleanSpark wasn't on the list.
While CleanSpark currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
