State of New Jersey Common Pension Fund D Grows Stake in CleanSpark, Inc. (NASDAQ:CLSK)

State of New Jersey Common Pension Fund D boosted its position in CleanSpark, Inc. (NASDAQ:CLSK - Free Report) by 49.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 163,123 shares of the company's stock after purchasing an additional 54,169 shares during the period. State of New Jersey Common Pension Fund D owned about 0.06% of CleanSpark worth $1,524,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Hollencrest Capital Management raised its position in shares of CleanSpark by 33.3% in the 3rd quarter. Hollencrest Capital Management now owns 4,000 shares of the company's stock valued at $37,000 after buying an additional 1,000 shares in the last quarter. Harvest Portfolios Group Inc. lifted its stake in shares of CleanSpark by 38.9% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 83,318 shares of the company's stock valued at $778,000 after purchasing an additional 23,338 shares during the period. United Advisor Group LLC acquired a new position in shares of CleanSpark during the third quarter valued at about $235,000. Clarity Capital Partners LLC increased its stake in CleanSpark by 100.8% during the 3rd quarter. Clarity Capital Partners LLC now owns 175,056 shares of the company's stock valued at $1,635,000 after purchasing an additional 87,891 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of CleanSpark by 64.0% during the third quarter. Van ECK Associates Corp now owns 1,590,688 shares of the company's stock valued at $14,857,000 after buying an additional 620,792 shares during the last quarter. Institutional investors own 43.12% of the company's stock.

Wall Street Analysts Forecast Growth

CLSK has been the topic of a number of recent analyst reports. HC Wainwright reiterated a "buy" rating and set a $27.00 price target on shares of CleanSpark in a report on Wednesday, September 25th. Macquarie assumed coverage on shares of CleanSpark in a research report on Wednesday, September 25th. They set an "outperform" rating and a $20.00 price target for the company. JPMorgan Chase & Co. dropped their target price on shares of CleanSpark from $12.50 to $10.50 and set a "neutral" rating on the stock in a research note on Friday, August 23rd. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $23.00 price target on shares of CleanSpark in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $21.42.

CleanSpark Stock Performance

Shares of NASDAQ CLSK traded up $0.81 during midday trading on Tuesday, hitting $14.19. The company's stock had a trading volume of 28,764,566 shares, compared to its average volume of 30,589,625. The stock has a fifty day moving average price of $10.89 and a 200 day moving average price of $13.70. CleanSpark, Inc. has a one year low of $4.04 and a one year high of $24.72.

Insiders Place Their Bets

In other CleanSpark news, Director Thomas Leigh Wood sold 22,222 shares of CleanSpark stock in a transaction that occurred on Thursday, September 12th. The stock was 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. 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 available at the SEC website. Insiders have sold 26,272 shares of company stock worth $250,003 in the last three months. 2.99% of the stock is currently owned by corporate insiders.

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.