Aquatic Capital Management LLC Makes New Investment in CleanSpark, Inc. (NASDAQ:CLSK)

Aquatic Capital Management LLC acquired a new position in CleanSpark, Inc. (NASDAQ:CLSK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 189,521 shares of the company's stock, valued at approximately $1,745,000. Aquatic Capital Management LLC owned about 0.07% of CleanSpark as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CLSK. Compagnie Lombard Odier SCmA purchased a new position in CleanSpark during the 4th quarter worth approximately $31,000. GAMMA Investing LLC increased its stake in shares of CleanSpark by 962.1% in the fourth quarter. GAMMA Investing LLC now owns 3,951 shares of the company's stock worth $36,000 after acquiring an additional 3,579 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of CleanSpark by 60.0% during the fourth quarter. Russell Investments Group Ltd. now owns 5,859 shares of the company's stock worth $54,000 after purchasing an additional 2,196 shares during the last quarter. KBC Group NV lifted its position in 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 period. Finally, R Squared Ltd purchased a new stake in CleanSpark in the fourth quarter valued at $101,000. Institutional investors and hedge funds own 43.12% of the company's stock.

Insider Activity at CleanSpark

In other CleanSpark news, CEO Zachary Bradford sold 10,533 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $10.64, for a total transaction of $112,071.12. Following the completion of the sale, the chief executive officer now owns 3,059,326 shares of the company's stock, valued at $32,551,228.64. This trade represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman S. Matthew Schultz sold 9,010 shares of CleanSpark stock in a transaction on Friday, February 14th. The shares were sold at an average price of $10.64, for a total value of $95,866.40. Following the completion of the sale, the chairman now owns 2,450,010 shares in the company, valued at $26,068,106.40. This represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,836 shares of company stock valued at $335,945. Corporate insiders own 2.65% of the company's stock.

CleanSpark Trading Up 1.6 %

NASDAQ:CLSK traded up $0.14 during trading hours on Friday, hitting $8.81. 22,474,773 shares of the stock were exchanged, compared to its average volume of 28,293,642. The company has a market cap of $2.47 billion, a P/E ratio of 80.10 and a beta of 4.36. The firm's fifty day moving average price is $7.90 and its 200 day moving average price is $10.40. CleanSpark, Inc. has a 52-week low of $6.45 and a 52-week high of $20.64.

CleanSpark (NASDAQ:CLSK - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.07) earnings per share for the quarter, beating 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%. Equities analysts expect that CleanSpark, Inc. will post 0.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Needham & Company LLC began coverage on CleanSpark in a report on Wednesday, February 12th. They issued a "buy" rating and a $20.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on CleanSpark from $17.00 to $12.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Chardan Capital raised shares of CleanSpark to a "strong-buy" rating in a report on Tuesday, April 29th. HC Wainwright reissued a "buy" rating and set a $27.00 price target on shares of CleanSpark in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of CleanSpark in a research report on Monday, January 27th. They set an "outperform" rating and a $19.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $21.57.

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.