CleanSpark, Inc. (NASDAQ:CLSK - Get Free Report) Director Amanda Cavaleri sold 13,000 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $7.97, for a total transaction of $103,610.00. Following the sale, the director now owns 140,289 shares in the company, valued at approximately $1,118,103.33. This trade represents a 8.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
CleanSpark Trading Down 8.3 %
CLSK stock traded down $0.65 during midday trading on Friday, hitting $7.19. The company had a trading volume of 26,094,180 shares, compared to its average volume of 28,866,963. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 65.37 and a beta of 4.20. CleanSpark, Inc. has a 52 week low of $7.03 and a 52 week high of $24.10. The stock's 50 day moving average price is $9.42 and its 200 day moving average price is $10.73.
CleanSpark (NASDAQ:CLSK - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.04. CleanSpark had a net margin of 16.07% and a negative return on equity of 2.61%. Analysts predict that CleanSpark, Inc. will post 0.58 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. Macquarie raised their price target on CleanSpark from $20.00 to $24.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. decreased their price objective on CleanSpark from $17.00 to $12.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Keefe, Bruyette & Woods assumed coverage on CleanSpark in a research note on Monday, January 27th. They issued an "outperform" rating and a $19.00 target price for the company. HC Wainwright reiterated a "buy" rating and set a $27.00 price target on shares of CleanSpark in a research report on Friday, February 7th. Finally, Needham & Company LLC initiated coverage on shares of CleanSpark in a report on Wednesday, February 12th. They issued a "buy" rating and a $20.00 price objective for the company. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $21.57.
Read Our Latest Research Report on CleanSpark
Institutional Trading of CleanSpark
A number of institutional investors have recently modified their holdings of CLSK. Compagnie Lombard Odier SCmA purchased a new position in CleanSpark during the 4th quarter valued at about $31,000. GAMMA Investing LLC increased its stake in shares of CleanSpark by 962.1% during the fourth quarter. GAMMA Investing LLC now owns 3,951 shares of the company's stock valued at $36,000 after buying an additional 3,579 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of CleanSpark by 60.0% during the fourth quarter. Russell Investments Group Ltd. now owns 5,859 shares of the company's stock valued at $54,000 after acquiring an additional 2,196 shares in the last quarter. KBC Group NV lifted its stake in CleanSpark by 42.0% in the third quarter. KBC Group NV now owns 7,403 shares of the company's stock worth $69,000 after acquiring an additional 2,190 shares during the period. Finally, R Squared Ltd bought a new stake in CleanSpark in the fourth quarter valued at $101,000. 43.12% of the stock is currently owned by hedge funds and other institutional investors.
About CleanSpark
(
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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.
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