Matauro LLC bought a new stake in CleanSpark, Inc. (NASDAQ:CLSK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 79,407 shares of the company's stock, valued at approximately $731,000.
A number of other hedge funds have also made changes to their positions in the stock. Ieq Capital LLC purchased a new stake in shares of CleanSpark during the fourth quarter worth $430,000. Global Retirement Partners LLC lifted its holdings in shares of CleanSpark by 5,920.0% during the 4th quarter. Global Retirement Partners LLC now owns 15,050 shares of the company's stock valued at $139,000 after buying an additional 14,800 shares during the last quarter. Truist Financial Corp grew its stake in shares of CleanSpark by 58.4% in the 4th quarter. Truist Financial Corp now owns 83,371 shares of the company's stock valued at $768,000 after buying an additional 30,730 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in CleanSpark by 56.5% in the fourth quarter. Sanctuary Advisors LLC now owns 74,930 shares of the company's stock worth $690,000 after buying an additional 27,048 shares during the last quarter. Finally, Rhumbline Advisers raised its position in CleanSpark by 10.7% during the fourth quarter. Rhumbline Advisers now owns 334,094 shares of the company's stock valued at $3,077,000 after acquiring an additional 32,236 shares in the last quarter. 43.12% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at CleanSpark
In related news, CEO Zachary Bradford sold 10,533 shares of the company's 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 transaction, the chief executive officer now owns 3,059,326 shares in the company, valued at $32,551,228.64. This represents a 0.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman S. Matthew Schultz sold 9,010 shares of the firm's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $10.64, for a total transaction of $95,866.40. Following the completion of the sale, the chairman now owns 2,450,010 shares of the company's stock, valued at $26,068,106.40. The trade was a 0.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,536 shares of company stock worth $265,748. 2.65% of the stock is currently owned by insiders.
CleanSpark Trading Down 8.4 %
CLSK stock traded down $0.75 during trading on Tuesday, hitting $8.15. 32,186,042 shares of the stock traded hands, compared to its average volume of 23,392,543. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 74.10 and a beta of 4.25. CleanSpark, Inc. has a one year low of $7.73 and a one year high of $24.72. The company has a 50 day simple moving average of $10.54 and a 200 day simple moving average of $11.19.
CleanSpark (NASDAQ:CLSK - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported ($0.07) earnings per share (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%. As a group, analysts predict that CleanSpark, Inc. will post 0.58 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have commented on CLSK. Macquarie boosted their target price 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. Keefe, Bruyette & Woods started coverage on shares of CleanSpark in a report on Monday, January 27th. They issued an "outperform" rating and a $19.00 price objective for the company. JPMorgan Chase & Co. upgraded CleanSpark from a "neutral" rating to an "overweight" rating and raised their target price for the company from $10.50 to $17.00 in a report on Tuesday, December 10th. 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 target for the company. Finally, HC Wainwright reissued a "buy" rating and issued a $27.00 price objective on shares of CleanSpark in a research note on Friday, February 7th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, CleanSpark presently has a consensus rating of "Buy" and a consensus target price of $22.25.
Check Out Our Latest Stock Report on CleanSpark
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.
Recommended 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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
