Vima LLC Has $649,000 Stock Holdings in CleanSpark, Inc. (NASDAQ:CLSK)

Vima LLC raised its holdings in CleanSpark, Inc. (NASDAQ:CLSK - Free Report) by 244.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,475 shares of the company's stock after acquiring an additional 49,314 shares during the quarter. CleanSpark comprises approximately 1.3% of Vima LLC's holdings, making the stock its 28th largest position. Vima LLC's holdings in CleanSpark were worth $649,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in CleanSpark by 58.5% in the 1st quarter. Vanguard Group Inc. now owns 12,755,249 shares of the company's stock worth $270,539,000 after purchasing an additional 4,706,738 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of CleanSpark in the second quarter worth $18,074,000. Millennium Management LLC boosted its holdings in shares of CleanSpark by 74.6% during the 2nd quarter. Millennium Management LLC now owns 1,251,278 shares of the company's stock worth $19,958,000 after buying an additional 534,825 shares during the period. Bank of New York Mellon Corp grew its stake in CleanSpark by 32.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 871,793 shares of the company's stock valued at $13,905,000 after buying an additional 215,124 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in CleanSpark by 45.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 568,086 shares of the company's stock worth $5,306,000 after acquiring an additional 178,117 shares during the period. 43.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. HC Wainwright reaffirmed a "buy" rating and issued a $27.00 price target on shares of CleanSpark in a research report on Wednesday, September 25th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $23.00 price target on shares of CleanSpark in a research report on Thursday, October 3rd. JPMorgan Chase & Co. cut their price target on CleanSpark from $12.50 to $10.50 and set a "neutral" rating for the company in a report on Friday, August 23rd. Finally, Macquarie assumed coverage on shares of CleanSpark in a research note on Wednesday, September 25th. They issued an "outperform" rating and a $20.00 price objective on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $19.11.

Insider Buying and Selling

In other 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 owns 137,050 shares in the company, valued at approximately $1,266,342. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 26,272 shares of company stock worth $250,003 in the last 90 days. 3.46% of the stock is owned by company insiders.

CleanSpark Trading Up 10.2 %

CleanSpark stock traded up $1.16 on Monday, hitting $12.55. The company's stock had a trading volume of 43,014,001 shares, compared to its average volume of 30,066,162. The company has a fifty day moving average price of $10.19 and a 200-day moving average price of $14.13. CleanSpark, Inc. has a one year low of $3.46 and a one year high of $24.72.

CleanSpark (NASDAQ:CLSK - Get Free Report) last posted its quarterly 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 business had revenue of $104.11 million during the quarter, compared to analyst estimates of $114.04 million. CleanSpark had a negative return on equity of 3.64% and a negative net margin of 46.31%. On average, analysts expect that CleanSpark, Inc. will post -0.06 EPS 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.