Tidal Investments LLC lessened its position in shares of CleanSpark, Inc. (NASDAQ:CLSK - Free Report) by 4.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,588,344 shares of the company's stock after selling 79,758 shares during the quarter. Tidal Investments LLC owned about 0.63% of CleanSpark worth $14,835,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in CLSK. Cetera Advisors LLC boosted its stake in shares of CleanSpark by 73.4% in the 1st quarter. Cetera Advisors LLC now owns 19,892 shares of the company's stock valued at $422,000 after purchasing an additional 8,417 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in CleanSpark during the 2nd quarter worth $185,000. SteelPeak Wealth LLC boosted its position in shares of CleanSpark by 3.0% in the 2nd quarter. SteelPeak Wealth LLC now owns 36,907 shares of the company's stock worth $589,000 after purchasing an additional 1,066 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in CleanSpark during the second quarter worth about $262,000. Finally, Sara Bay Financial bought a new stake in CleanSpark in the second quarter valued at approximately $160,000. Institutional investors own 43.12% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on CLSK shares. Cantor Fitzgerald restated an "overweight" rating and issued a $23.00 price target on shares of CleanSpark in a report on Thursday, October 3rd. Macquarie lifted their price target on shares of CleanSpark from $20.00 to $24.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. HC Wainwright reissued a "buy" rating and set a $27.00 price objective on shares of CleanSpark in a research report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. raised shares of CleanSpark from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $10.50 to $17.00 in a research report on Tuesday. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CleanSpark has an average rating of "Buy" and an average target price of $23.17.
Get Our Latest Report on CleanSpark
CleanSpark Trading Down 3.9 %
CLSK stock traded down $0.50 during trading hours on Thursday, hitting $12.33. 40,743,152 shares of the stock were exchanged, compared to its average volume of 31,390,213. CleanSpark, Inc. has a 12 month low of $6.41 and a 12 month high of $24.72. The firm has a market capitalization of $3.61 billion, a P/E ratio of -21.26 and a beta of 4.16. The company has a 50-day simple moving average of $12.66 and a two-hundred day simple moving average of $13.36.
CleanSpark Profile
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Free Report)
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.
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