GTS Securities LLC decreased its position in CleanSpark, Inc. (NASDAQ:CLSK - Free Report) by 89.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,642 shares of the company's stock after selling 184,237 shares during the period. GTS Securities LLC's holdings in CleanSpark were worth $190,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in CLSK. Price T Rowe Associates Inc. MD raised its holdings in shares of CleanSpark by 1,018.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,687,022 shares of the company's stock worth $15,538,000 after buying an additional 1,536,145 shares in the last quarter. Jump Financial LLC acquired a new position in shares of CleanSpark in the 4th quarter worth approximately $13,443,000. Shaolin Capital Management LLC acquired a new position in shares of CleanSpark in the 4th quarter worth approximately $8,559,000. Invesco Ltd. raised its holdings in shares of 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 buying an additional 914,279 shares in the last quarter. Finally, Tidal Investments LLC raised its holdings in shares of 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 buying an additional 806,435 shares in the last quarter. Institutional investors and hedge funds own 43.12% of the company's stock.
CleanSpark Trading Up 3.5%
NASDAQ CLSK traded up $0.32 during trading hours on Wednesday, reaching $9.53. 23,207,894 shares of the company's stock were exchanged, compared to its average volume of 28,171,289. The stock has a market cap of $2.68 billion, a PE ratio of 86.64 and a beta of 4.24. CleanSpark, Inc. has a one year low of $6.45 and a one year high of $20.64. The firm has a fifty day moving average of $8.47 and a 200-day moving average of $9.86.
CleanSpark (NASDAQ:CLSK - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.05). The business had revenue of $181.71 million for the quarter, compared to the consensus estimate of $196.43 million. CleanSpark had a negative return on equity of 2.61% and a net margin of 16.07%. The firm's revenue was up 62.5% on a year-over-year basis. During the same quarter last year, the company earned $0.59 earnings per share. As a group, research analysts forecast that CleanSpark, Inc. will post 0.58 EPS for the current year.
Analyst Ratings Changes
A number of brokerages have recently issued reports on CLSK. HC Wainwright reissued a "buy" rating and issued a $27.00 target price on shares of CleanSpark in a report on Friday, February 7th. JPMorgan Chase & Co. dropped their target price on CleanSpark from $17.00 to $12.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Needham & Company LLC began coverage on CleanSpark in a report on Wednesday, February 12th. They issued a "buy" rating and a $20.00 target price for the company. Finally, Chardan Capital started coverage on CleanSpark in a report on Wednesday, May 21st. They issued a "buy" rating and a $20.00 target price for the company. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, CleanSpark has an average rating of "Buy" and a consensus target price of $20.71.
View Our Latest Analysis on CleanSpark
Insider Buying and Selling at CleanSpark
In other CleanSpark news, Director Roger Paul Beynon sold 50,000 shares of the stock in a transaction 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 transaction, the director now directly owns 125,511 shares in the company, valued at approximately $1,319,120.61. This trade represents a 28.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amanda Cavaleri sold 13,000 shares of the stock in a transaction 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 $1,118,103.33. The trade was a 8.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.65% of the company's stock.
About CleanSpark
(
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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