Cleanspark, Inc. $CLSK Shares Purchased by Voya Investment Management LLC

Key Points

• Voya Investment Management boosted its Cleanspark stake by 119.6% in Q3 to 331,208 shares (about $4.80M), representing roughly 0.12% of the company.
• Two Cleanspark directors executed large insider sales recently — Amanda Cavaleri sold 33,000 shares at $15.02 and Thomas Leigh Wood sold 85,315 shares at $11.69 — cutting their ownership by ~23.5% and ~67.3%, respectively.
• Wall Street maintains a generally positive view with a consensus rating of “Moderate Buy” and an average price target of $23.20, despite several firms trimming targets in recent reports.

Voya Investment Management LLC boosted its stake in shares of Cleanspark, Inc. (NASDAQ:CLSK - Free Report) by 119.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 331,208 shares of the company's stock after acquiring an additional 180,371 shares during the quarter. Voya Investment Management LLC owned about 0.12% of Cleanspark worth $4,803,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Cleanspark during the second quarter worth $29,000. Fifth Third Bancorp raised its position in Cleanspark by 145.3% during the 2nd quarter. Fifth Third Bancorp now owns 2,860 shares of the company's stock worth $32,000 after buying an additional 1,694 shares during the last quarter. Strs Ohio purchased a new position in Cleanspark during the 1st quarter worth $38,000. Quarry LP acquired a new stake in shares of Cleanspark in the 1st quarter worth $47,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Cleanspark by 47.6% in the first quarter. Russell Investments Group Ltd. now owns 8,647 shares of the company's stock valued at $58,000 after acquiring an additional 2,788 shares in the last quarter. 43.12% of the stock is currently owned by hedge funds and other institutional investors.

Cleanspark Price Performance

Shares of NASDAQ:CLSK opened at $11.42 on Friday. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 10.28 and a beta of 3.79. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.18 and a quick ratio of 4.18. The business's 50 day simple moving average is $14.35 and its 200-day simple moving average is $12.80. Cleanspark, Inc. has a 12 month low of $6.45 and a 12 month high of $23.61.

Insider Buying and Selling at Cleanspark

In other news, Director Amanda Cavaleri sold 33,000 shares of the firm's stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $15.02, for a total value of $495,660.00. Following the completion of the transaction, the director owned 107,289 shares in the company, valued at $1,611,480.78. This trade represents a 23.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas Leigh Wood sold 85,315 shares of Cleanspark stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $11.69, for a total value of $997,332.35. Following the transaction, the director directly owned 41,421 shares of the company's stock, valued at $484,211.49. This trade represents a 67.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.65% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CLSK shares. B. Riley cut their price target on shares of Cleanspark from $25.00 to $22.00 and set a "buy" rating for the company in a report on Wednesday, November 26th. HC Wainwright dropped their target price on Cleanspark from $30.00 to $27.00 and set a "buy" rating on the stock in a research report on Wednesday, November 26th. Weiss Ratings reissued a "hold (c-)" rating on shares of Cleanspark in a report on Monday. Macquarie dropped their price objective on Cleanspark from $30.00 to $27.00 and set an "outperform" rating on the stock in a report on Wednesday, November 26th. Finally, BTIG Research increased their price objective on Cleanspark from $22.00 to $26.00 and gave the stock a "buy" rating in a research report on Monday, October 13th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $23.20.

About Cleanspark

CleanSpark, Inc NASDAQ: CLSK is a leading energy software and services company specializing in advanced microgrid controls and distributed energy resource (DER) management. The firm develops proprietary software platforms designed to optimize power flows across on-grid and off-grid installations, integrating renewable generation, battery storage, and traditional generation assets. CleanSpark's technology is used by utilities, commercial and industrial enterprises, and remote facilities seeking to enhance energy resilience, reduce operating costs, and achieve sustainability goals.

In addition to its core software offerings, CleanSpark provides end-to-end engineering, procurement and construction (EPC) services.

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