Intrinsic Edge Capital Management LLC lessened its holdings in shares of CleanSpark, Inc. (NASDAQ:CLSK - Free Report) by 66.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,735 shares of the company's stock after selling 168,629 shares during the quarter. Intrinsic Edge Capital Management LLC's holdings in CleanSpark were worth $780,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Barclays PLC lifted its position in shares of CleanSpark by 364.0% during the third quarter. Barclays PLC now owns 389,201 shares of the company's stock worth $3,634,000 after purchasing an additional 305,316 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of CleanSpark during the fourth quarter worth about $338,000. Assenagon Asset Management S.A. acquired a new stake in shares of CleanSpark during the fourth quarter worth about $39,940,000. Quadrant Capital Group LLC acquired a new stake in shares of CleanSpark during the fourth quarter worth about $734,000. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of CleanSpark by 121.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 46,323 shares of the company's stock worth $427,000 after purchasing an additional 25,444 shares in the last quarter. Institutional investors and hedge funds own 43.12% of the company's stock.
Insider Buying and Selling at CleanSpark
In other news, CEO Zachary Bradford sold 10,533 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $10.64, for a total transaction of $112,071.12. Following the completion of the sale, the chief executive officer now owns 3,059,326 shares in the company, valued at approximately $32,551,228.64. This represents a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amanda Cavaleri sold 13,000 shares of the stock in a transaction dated Monday, March 24th. The stock was 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 of the company's stock, valued at $1,118,103.33. This trade represents a 8.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,836 shares of company stock worth $335,945 over the last 90 days. Corporate insiders own 2.65% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently weighed in on CLSK shares. JPMorgan Chase & Co. reduced their target price on shares of CleanSpark from $17.00 to $12.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Chardan Capital upgraded shares of CleanSpark to a "strong-buy" rating in a report on Monday, March 24th. Needham & Company LLC assumed coverage on shares of CleanSpark in a research note on Wednesday, February 12th. They set a "buy" rating and a $20.00 target price for the company. Keefe, Bruyette & Woods assumed coverage on shares of CleanSpark in a research note on Monday, January 27th. They set an "outperform" rating and a $19.00 target price for the company. Finally, HC Wainwright reiterated a "buy" rating and set a $27.00 target price on shares of CleanSpark in a research note on Friday, February 7th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $21.57.
Check Out Our Latest Report on CLSK
CleanSpark Trading Down 4.9 %
Shares of CLSK stock traded down $0.44 on Monday, reaching $8.57. 23,633,106 shares of the stock were exchanged, compared to its average volume of 28,337,854. CleanSpark, Inc. has a twelve month low of $6.45 and a twelve month high of $20.64. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 77.92 and a beta of 4.12. The business's 50 day moving average price is $7.94 and its 200 day moving average price is $10.48.
CleanSpark (NASDAQ:CLSK - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.04. CleanSpark had a net margin of 16.07% and a negative return on equity of 2.61%. Equities research analysts forecast that CleanSpark, Inc. will post 0.58 earnings per share for the current year.
CleanSpark Company Profile
(
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.
Read More
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.
