Vontobel Holding Ltd. Has $1.23 Million Holdings in CleanSpark, Inc. (NASDAQ:CLSK)

Vontobel Holding Ltd. increased its stake in CleanSpark, Inc. (NASDAQ:CLSK - Free Report) by 111.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 133,532 shares of the company's stock after purchasing an additional 70,295 shares during the quarter. Vontobel Holding Ltd.'s holdings in CleanSpark were worth $1,230,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CLSK. Hollencrest Capital Management grew its stake in 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 during the last quarter. FMR LLC boosted its stake in CleanSpark by 5.0% during the 3rd quarter. FMR LLC now owns 24,729 shares of the company's stock valued at $231,000 after purchasing an additional 1,170 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of CleanSpark by 21.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 7,689 shares of the company's stock worth $75,000 after buying an additional 1,345 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of CleanSpark by 2.6% in the third quarter. Victory Capital Management Inc. now owns 67,981 shares of the company's stock worth $635,000 after acquiring an additional 1,709 shares during the last quarter. Finally, KBC Group NV raised its stake in CleanSpark by 42.0% during the 3rd quarter. KBC Group NV now owns 7,403 shares of the company's stock valued at $69,000 after purchasing an additional 2,190 shares during the last quarter. Institutional investors own 43.12% of the company's stock.

CleanSpark Stock Down 8.1 %

CLSK stock traded down $0.82 during midday trading on Friday, reaching $9.25. The stock had a trading volume of 25,076,027 shares, compared to its average volume of 23,255,107. CleanSpark, Inc. has a twelve month low of $8.04 and a twelve month high of $24.72. The business has a fifty day simple moving average of $10.61 and a two-hundred day simple moving average of $11.22. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 84.05 and a beta of 4.24.

CleanSpark (NASDAQ:CLSK - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04. CleanSpark had a negative return on equity of 2.61% and a net margin of 16.07%. On average, equities analysts predict that CleanSpark, Inc. will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded CleanSpark from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $10.50 to $17.00 in a research note on Tuesday, December 10th. Needham & Company LLC assumed coverage on shares of CleanSpark in a research note on Wednesday, February 12th. They issued a "buy" rating and a $20.00 price objective for the company. Keefe, Bruyette & Woods started coverage on shares of CleanSpark in a research report on Monday, January 27th. They set an "outperform" rating and a $19.00 target price on the stock. HC Wainwright reissued a "buy" rating and issued a $27.00 price target on shares of CleanSpark in a research report on Friday, February 7th. Finally, Macquarie lifted their price objective on CleanSpark from $20.00 to $24.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $22.25.

Insider Transactions at CleanSpark

In related news, Chairman S. Matthew Schultz sold 9,010 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $10.64, for a total transaction of $95,866.40. Following the completion of the transaction, the chairman now directly owns 2,450,010 shares in the company, valued at approximately $26,068,106.40. This trade represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Zachary Bradford sold 10,533 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $10.64, for a total value of $112,071.12. Following the completion of the sale, the chief executive officer now owns 3,059,326 shares in the company, valued at $32,551,228.64. The trade was a 0.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,536 shares of company stock valued at $265,748 over the last three months. 2.65% 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.