SG Americas Securities LLC Has $1.73 Million Stock Holdings in CleanSpark, Inc. (NASDAQ:CLSK)

SG Americas Securities LLC reduced its holdings in CleanSpark, Inc. (NASDAQ:CLSK - Free Report) by 30.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,554 shares of the company's stock after selling 79,530 shares during the quarter. SG Americas Securities LLC owned approximately 0.08% of CleanSpark worth $1,733,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. VitalStone Financial LLC raised its position in CleanSpark by 21.7% in the 4th quarter. VitalStone Financial LLC now owns 10,825 shares of the company's stock worth $119,000 after purchasing an additional 1,930 shares during the last quarter. Vanguard Group Inc. raised its position in shares of CleanSpark by 6.8% during the 4th quarter. Vanguard Group Inc. now owns 8,048,511 shares of the company's stock valued at $88,775,000 after acquiring an additional 515,314 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of CleanSpark in the 1st quarter valued at $109,000. CAP Partners LLC bought a new stake in shares of CleanSpark in the 1st quarter valued at $767,000. Finally, Sloy Dahl & Holst LLC acquired a new position in CleanSpark in the 1st quarter worth $302,000. 43.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CleanSpark

In other CleanSpark news, Director Thomas Leigh Wood sold 22,222 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $9.24, for a total value of $205,331.28. Following the transaction, the director now directly owns 137,050 shares of the company's stock, valued at $1,266,342. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 26,272 shares of company stock valued at $256,874 in the last three months. 3.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on CLSK. Macquarie began coverage on shares of CleanSpark in a research note on Wednesday, September 25th. They issued an "outperform" rating and a $20.00 target price for the company. Cantor Fitzgerald restated an "overweight" rating and set a $23.00 price objective on shares of CleanSpark in a research note on Thursday, October 3rd. HC Wainwright restated a "buy" rating and set a $27.00 price objective on shares of CleanSpark in a research note on Wednesday, September 25th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of CleanSpark from $12.50 to $10.50 and set a "neutral" rating for the company in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $19.11.

CleanSpark Trading Down 1.6 %

NASDAQ:CLSK traded down $0.14 during mid-day trading on Wednesday, hitting $8.86. The stock had a trading volume of 16,991,270 shares, compared to its average volume of 29,876,625. CleanSpark, Inc. has a twelve month low of $3.46 and a twelve month high of $24.72. The company's 50 day simple moving average is $10.34 and its 200 day simple moving average is $14.76.

CleanSpark (NASDAQ:CLSK - Get Free Report) last issued its earnings results 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). The firm had revenue of $104.11 million during the quarter, compared to analyst estimates of $114.04 million. CleanSpark had a negative net margin of 46.31% and a negative return on equity of 3.64%. Sell-side analysts forecast that CleanSpark, Inc. will post -0.06 earnings per share for the current year.

CleanSpark 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.