Matauro LLC Boosts Stock Position in CleanSpark, Inc. (NASDAQ:CLSK)

Matauro LLC increased its stake in CleanSpark, Inc. (NASDAQ:CLSK - Free Report) by 46.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 116,577 shares of the company's stock after purchasing an additional 37,170 shares during the quarter. Matauro LLC's holdings in CleanSpark were worth $783,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of CleanSpark by 1,018.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,687,022 shares of the company's stock valued at $15,538,000 after buying an additional 1,536,145 shares in the last quarter. Jump Financial LLC purchased a new position in CleanSpark in the 4th quarter worth approximately $13,443,000. Shaolin Capital Management LLC purchased a new position in CleanSpark in the 4th quarter worth approximately $8,559,000. Invesco Ltd. lifted its holdings in CleanSpark by 44.2% in the 4th quarter. Invesco Ltd. now owns 2,984,362 shares of the company's stock worth $27,486,000 after purchasing an additional 914,279 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in CleanSpark by 50.8% in the 4th quarter. Tidal Investments LLC now owns 2,394,779 shares of the company's stock worth $22,056,000 after purchasing an additional 806,435 shares in the last quarter. 43.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CleanSpark

In other CleanSpark news, Director Roger Paul Beynon sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $10.51, for a total value of $525,500.00. Following the sale, the director now directly owns 125,511 shares of the company's stock, valued at approximately $1,319,120.61. This trade represents a 28.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amanda Cavaleri sold 13,000 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $7.97, for a total value of $103,610.00. Following the completion of the transaction, the director now owns 140,289 shares in the company, valued at approximately $1,118,103.33. This trade represents a 8.48% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.65% of the company's stock.

CleanSpark Price Performance

CleanSpark stock traded down $0.41 during midday trading on Friday, reaching $9.30. The company's stock had a trading volume of 28,019,377 shares, compared to its average volume of 27,954,928. The stock's 50-day simple moving average is $8.80 and its 200-day simple moving average is $9.66. CleanSpark, Inc. has a 52-week low of $6.45 and a 52-week high of $20.64. The stock has a market capitalization of $2.61 billion, a P/E ratio of 84.55 and a beta of 4.23.

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 the consensus estimate of $0.03 by ($0.05). CleanSpark had a negative return on equity of 2.61% and a net margin of 16.07%. The firm had revenue of $181.71 million during the quarter, compared to analysts' expectations of $196.43 million. During the same quarter in the previous year, the business earned $0.59 earnings per share. The company's revenue for the quarter was up 62.5% compared to the same quarter last year. As a group, equities research analysts expect that CleanSpark, Inc. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on CLSK. Chardan Capital began coverage on CleanSpark in a report on Wednesday, May 21st. They issued a "buy" rating and a $20.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on CleanSpark from $12.00 to $14.00 and gave the stock an "overweight" rating in a report on Friday. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $21.00.

CleanSpark 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.