62,674 Shares in CleanSpark, Inc. (NASDAQ:CLSK) Bought by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. bought a new stake in CleanSpark, Inc. (NASDAQ:CLSK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 62,674 shares of the company's stock, valued at approximately $577,000.

Other hedge funds have also recently modified their holdings of the company. FMR LLC raised its position in shares of CleanSpark by 5.0% in the 3rd quarter. FMR LLC now owns 24,729 shares of the company's stock worth $231,000 after acquiring an additional 1,170 shares in the last quarter. Prudential Financial Inc. lifted its position in CleanSpark by 9.1% during the fourth quarter. Prudential Financial Inc. now owns 16,835 shares of the company's stock valued at $155,000 after purchasing an additional 1,405 shares in the last quarter. Corebridge Financial Inc. grew its stake in shares of CleanSpark by 1.2% during the 4th quarter. Corebridge Financial Inc. now owns 123,723 shares of the company's stock valued at $1,139,000 after acquiring an additional 1,507 shares during the period. Sigma Planning Corp lifted its stake in shares of CleanSpark by 11.9% during the 4th quarter. Sigma Planning Corp now owns 17,518 shares of the company's stock valued at $161,000 after buying an additional 1,865 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position 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 worth $54,000 after purchasing an additional 2,196 shares in the last quarter. Institutional investors own 43.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. 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 research note on Thursday, March 13th. Needham & Company LLC initiated coverage on CleanSpark in a research report on Wednesday, February 12th. They issued a "buy" rating and a $20.00 price objective for the company. Chardan Capital raised shares of CleanSpark to a "strong-buy" rating in a report on Monday, March 24th. HC Wainwright restated a "buy" rating and set a $27.00 target price on shares of CleanSpark in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods started coverage on shares of CleanSpark in a report on Monday, January 27th. They set an "outperform" rating and a $19.00 price target on the stock. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $21.57.

CleanSpark Stock Up 2.3 %

Shares of NASDAQ:CLSK traded up $0.17 during trading on Wednesday, reaching $7.45. The stock had a trading volume of 12,048,451 shares, compared to its average volume of 28,538,977. The stock has a market cap of $2.09 billion, a P/E ratio of 67.73 and a beta of 4.12. The business has a fifty day moving average price of $8.36 and a 200-day moving average price of $10.52. CleanSpark, Inc. has a fifty-two week low of $6.45 and a fifty-two week high of $21.39.

CleanSpark (NASDAQ:CLSK - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.04. CleanSpark had a negative return on equity of 2.61% and a net margin of 16.07%. As a group, equities analysts forecast that CleanSpark, Inc. will post 0.58 EPS for the current year.

Insiders Place Their Bets

In other CleanSpark news, CEO Zachary Bradford sold 10,533 shares of the business's stock in a transaction dated Friday, February 14th. The stock was 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. The trade was a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the director now directly owns 140,289 shares of the company's stock, valued at approximately $1,118,103.33. This trade represents a 8.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,836 shares of company stock worth $335,945. 2.65% of the stock is owned by insiders.

CleanSpark Company 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.