Virtu Financial LLC Has $2.40 Million Stake in CleanSpark, Inc. (NASDAQ:CLSK)

Virtu Financial LLC increased its position in shares of CleanSpark, Inc. (NASDAQ:CLSK - Free Report) by 1,249.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,698 shares of the company's stock after acquiring an additional 139,528 shares during the quarter. Virtu Financial LLC owned about 0.07% of CleanSpark worth $2,404,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. American Capital Advisory LLC bought a new stake in CleanSpark during the 1st quarter worth about $32,000. National Bank of Canada FI grew its position in shares of CleanSpark by 470.9% during the 2nd quarter. National Bank of Canada FI now owns 2,569 shares of the company's stock worth $41,000 after buying an additional 2,119 shares during the period. Russell Investments Group Ltd. raised its stake in shares of CleanSpark by 36.8% during the first quarter. Russell Investments Group Ltd. now owns 2,926 shares of the company's stock worth $62,000 after buying an additional 787 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in CleanSpark in the first quarter valued at approximately $109,000. Finally, Copperwynd Financial LLC bought a new position in CleanSpark in the fourth quarter valued at approximately $112,000. Institutional investors and hedge funds own 43.12% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on CLSK. HC Wainwright reiterated a "buy" rating and set a $27.00 target price on shares of CleanSpark in a research report on Wednesday, September 11th. Cantor Fitzgerald reissued an "overweight" rating and issued a $23.00 target price on shares of CleanSpark in a research note on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. reduced their target price on CleanSpark from $12.50 to $10.50 and set a "neutral" rating on the stock in a report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $18.97.

Insider Activity

In related news, Director Thomas Leigh Wood sold 22,222 shares of the business's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $9.24, for a total value of $205,331.28. Following the sale, the director now directly owns 137,050 shares of the company's stock, valued at approximately $1,266,342. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 26,272 shares of company stock worth $264,421 over the last quarter. 3.46% of the stock is currently owned by company insiders.

CleanSpark Stock Down 3.4 %

NASDAQ:CLSK traded down $0.31 on Wednesday, reaching $8.84. The company's stock had a trading volume of 19,176,852 shares, compared to its average volume of 30,618,033. CleanSpark, Inc. has a 1-year low of $3.38 and a 1-year high of $24.72. The business's 50-day moving average price is $12.70 and its two-hundred day moving average price is $15.64.

CleanSpark (NASDAQ:CLSK - Get Free Report) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). CleanSpark had a negative net margin of 46.31% and a negative return on equity of 3.64%. The business had revenue of $104.11 million during the quarter, compared to analyst estimates of $114.04 million. As a group, equities analysts expect that CleanSpark, Inc. will post -0.06 earnings per share for the current year.

About CleanSpark

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.