Swiss National Bank Raises Stock Holdings in CleanSpark, Inc. (NASDAQ:CLSK)

Swiss National Bank boosted its position in CleanSpark, Inc. (NASDAQ:CLSK - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 497,900 shares of the company's stock after acquiring an additional 44,000 shares during the period. Swiss National Bank owned 0.18% of CleanSpark worth $4,586,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA purchased a new position in shares of CleanSpark during the fourth quarter valued at about $31,000. GAMMA Investing LLC increased its stake in shares of CleanSpark by 962.1% during the fourth quarter. GAMMA Investing LLC now owns 3,951 shares of the company's stock valued at $36,000 after purchasing an additional 3,579 shares in the last quarter. KBC Group NV lifted its holdings in shares of CleanSpark by 36.5% during the fourth quarter. KBC Group NV now owns 10,103 shares of the company's stock valued at $93,000 after purchasing an additional 2,700 shares during the last quarter. R Squared Ltd bought a new stake in shares of CleanSpark in the 4th quarter worth approximately $101,000. Finally, Haven Private LLC purchased a new stake in shares of CleanSpark in the 4th quarter worth approximately $108,000. Institutional investors own 43.12% of the company's stock.

Wall Street Analyst Weigh In

CLSK has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on CleanSpark from $17.00 to $12.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Keefe, Bruyette & Woods started coverage on shares of CleanSpark in a research note on Monday, January 27th. They issued an "outperform" rating and a $19.00 target price on the stock. Chardan Capital upgraded shares of CleanSpark to a "strong-buy" rating in a report on Monday. Needham & Company LLC started coverage on CleanSpark in a report on Wednesday, February 12th. They issued a "buy" rating and a $20.00 target price for the company. Finally, HC Wainwright reaffirmed a "buy" rating and set a $27.00 price objective on shares of CleanSpark in a research report on Friday, February 7th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, CleanSpark has a consensus rating of "Buy" and an average price target of $21.57.

Remove Ads

Insider Transactions at CleanSpark

In other news, Chairman S. Matthew Schultz sold 9,010 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $10.64, for a total value of $95,866.40. Following the transaction, the chairman now directly owns 2,450,010 shares in the company, valued at $26,068,106.40. The trade was a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amanda Cavaleri sold 13,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $7.97, for a total value of $103,610.00. Following the completion of the transaction, the director now directly owns 140,289 shares in the company, valued at approximately $1,118,103.33. This represents a 8.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,836 shares of company stock valued at $335,945 over the last quarter. 2.65% of the stock is currently owned by company insiders.

CleanSpark Stock Down 8.3 %

NASDAQ:CLSK traded down $0.65 on Friday, hitting $7.19. The stock had a trading volume of 26,094,180 shares, compared to its average volume of 28,867,036. CleanSpark, Inc. has a 52-week low of $7.03 and a 52-week high of $24.10. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 65.37 and a beta of 4.20. The business's 50-day simple moving average is $9.42 and its two-hundred day simple moving average is $10.73.

CleanSpark (NASDAQ:CLSK - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.04. CleanSpark had a net margin of 16.07% and a negative return on equity of 2.61%. As a group, equities research analysts anticipate that CleanSpark, Inc. will post 0.58 EPS for the current year.

CleanSpark Company 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.