Clarity Capital Partners LLC increased its position in shares of Cleanspark, Inc. (NASDAQ:CLSK - Free Report) by 29.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 272,950 shares of the company's stock after acquiring an additional 62,308 shares during the period. Cleanspark makes up about 0.7% of Clarity Capital Partners LLC's holdings, making the stock its 28th biggest position. Clarity Capital Partners LLC owned 0.10% of Cleanspark worth $1,834,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. CX Institutional purchased a new position in Cleanspark in the 1st quarter worth approximately $26,000. Russell Investments Group Ltd. grew its stake in Cleanspark by 60.0% in the 4th quarter. Russell Investments Group Ltd. now owns 5,859 shares of the company's stock worth $54,000 after buying an additional 2,196 shares in the last quarter. GAMMA Investing LLC grew its stake in Cleanspark by 207.8% in the 1st quarter. GAMMA Investing LLC now owns 12,163 shares of the company's stock worth $82,000 after buying an additional 8,212 shares in the last quarter. Truefg LLC purchased a new position in Cleanspark in the 1st quarter worth approximately $84,000. Finally, KBC Group NV grew its stake in Cleanspark by 39.4% in the 1st quarter. KBC Group NV now owns 14,086 shares of the company's stock worth $95,000 after buying an additional 3,983 shares in the last quarter. Institutional investors own 43.12% of the company's stock.
Insider Buying and Selling
In related news, Director Roger Paul Beynon sold 50,000 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $10.51, for a total transaction of $525,500.00. Following the completion of the sale, the director directly owned 125,511 shares in the company, valued at $1,319,120.61. This represents a 28.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.65% of the stock is owned by corporate insiders.
Cleanspark Price Performance
Shares of Cleanspark stock traded down $0.19 during trading on Friday, reaching $12.30. The company's stock had a trading volume of 20,908,929 shares, compared to its average volume of 27,962,937. Cleanspark, Inc. has a 52-week low of $6.45 and a 52-week high of $20.49. The firm's 50-day moving average is $9.58 and its two-hundred day moving average is $9.33.
Cleanspark (NASDAQ:CLSK - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.05). Cleanspark had a negative net margin of 35.43% and a negative return on equity of 4.65%. The business had revenue of $181.71 million during the quarter, compared to analysts' expectations of $196.43 million. During the same period last year, the company posted $0.59 EPS. Cleanspark's revenue for the quarter was up 62.5% on a year-over-year basis. Equities research analysts expect that Cleanspark, Inc. will post 0.58 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have commented on CLSK shares. B. Riley started coverage on shares of Cleanspark in a research note on Tuesday. They issued a "buy" rating and a $16.00 price target for the company. JPMorgan Chase & Co. boosted their price target on shares of Cleanspark from $12.00 to $14.00 and gave the stock an "overweight" rating in a research note on Friday, June 13th. Chardan Capital reissued a "buy" rating and issued a $20.00 price target on shares of Cleanspark in a research note on Wednesday, June 25th. Finally, BTIG Research reaffirmed a "buy" rating on shares of Cleanspark in a research note on Friday, June 13th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $20.38.
View Our Latest Stock Report on CLSK
Cleanspark Profile
(
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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