Quadrature Capital Ltd Makes New Investment in CleanSpark, Inc. (NASDAQ:CLSK)

Quadrature Capital Ltd bought a new position in CleanSpark, Inc. (NASDAQ:CLSK - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 100,560 shares of the company's stock, valued at approximately $939,000.

Several other institutional investors and hedge funds have also made changes to their positions in CLSK. Centiva Capital LP raised its holdings in shares of CleanSpark by 51.7% during the 3rd quarter. Centiva Capital LP now owns 207,725 shares of the company's stock worth $1,940,000 after acquiring an additional 70,789 shares during the period. Verition Fund Management LLC acquired a new stake in CleanSpark during the third quarter worth about $1,573,000. Centric Wealth Management purchased a new position in CleanSpark during the third quarter worth about $187,000. FORA Capital LLC acquired a new position in CleanSpark in the 3rd quarter valued at about $163,000. Finally, FMR LLC grew its stake in shares of CleanSpark by 5.0% in the 3rd quarter. FMR LLC now owns 24,729 shares of the company's stock valued at $231,000 after buying an additional 1,170 shares during the period. 43.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CleanSpark

In other CleanSpark 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 transaction of $205,331.28. Following the sale, the director now directly owns 137,050 shares in the company, valued at approximately $1,266,342. The trade was a 13.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 26,272 shares of company stock worth $254,836 over the last 90 days. 2.99% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CLSK has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of CleanSpark from $12.50 to $10.50 and set a "neutral" rating on the stock in a research report on Friday, August 23rd. HC Wainwright reaffirmed a "buy" rating and set a $27.00 price objective on shares of CleanSpark in a research report on Tuesday, December 3rd. Macquarie lifted their target price on CleanSpark from $20.00 to $24.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $23.00 price target on shares of CleanSpark in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, CleanSpark presently has a consensus rating of "Moderate Buy" and an average price target of $22.08.

CleanSpark Stock Up 7.5 %

NASDAQ:CLSK traded up $1.04 during trading hours on Friday, reaching $14.97. 42,940,949 shares of the company's stock were exchanged, compared to its average volume of 39,195,748. The company has a 50-day moving average of $12.34 and a 200 day moving average of $13.47. CleanSpark, Inc. has a 1-year low of $6.41 and a 1-year high of $24.72. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of -25.81 and a beta of 4.16.

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.