New York State Teachers Retirement System Buys 93,649 Shares of Cleanspark, Inc. $CLSK

Key Points

• New York State Teachers Retirement System raised its Cleanspark stake by 37.7% in Q4, buying 93,649 shares to own 341,749 shares valued at about $3.46 million (0.13% of the company).
• Several large institutions also ramped up positions—Voloridge opened a ~$56M stake while UBS, Dimensional and Tudor added millions of shares—leaving institutions with about 43.12% ownership of CLSK.
• Analysts are mixed but generally positive with a consensus rating of Moderate Buy and an average price target of $20.29, amid several upward and downward revisions from firms like Northland, Keefe Bruyette & Woods, Needham and B. Riley.

New York State Teachers Retirement System increased its stake in shares of Cleanspark, Inc. (NASDAQ:CLSK - Free Report) by 37.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 341,749 shares of the company's stock after purchasing an additional 93,649 shares during the quarter. New York State Teachers Retirement System owned 0.13% of Cleanspark worth $3,458,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CLSK. Voloridge Investment Management LLC bought a new position in shares of Cleanspark during the 3rd quarter valued at approximately $56,056,000. UBS Group AG boosted its holdings in Cleanspark by 81.1% during the 4th quarter. UBS Group AG now owns 3,579,166 shares of the company's stock valued at $36,221,000 after acquiring an additional 1,602,830 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Cleanspark by 57.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,311,221 shares of the company's stock valued at $62,521,000 after acquiring an additional 1,564,761 shares during the period. Tudor Investment Corp ET AL boosted its holdings in Cleanspark by 496.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 1,732,268 shares of the company's stock valued at $25,118,000 after acquiring an additional 1,441,939 shares during the period. Finally, Azora Capital LP purchased a new position in Cleanspark during the 3rd quarter valued at $15,300,000. Institutional investors own 43.12% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CLSK shares. Keefe, Bruyette & Woods dropped their price objective on Cleanspark from $18.00 to $14.00 and set an "outperform" rating for the company in a report on Monday, February 9th. Northland Securities started coverage on Cleanspark in a report on Tuesday, January 13th. They set an "outperform" rating and a $22.50 price objective for the company. Weiss Ratings cut Cleanspark from a "hold (c-)" rating to a "sell (d)" rating in a report on Monday, February 9th. Needham & Company LLC boosted their price objective on Cleanspark from $17.00 to $18.00 and gave the company a "buy" rating in a report on Monday. Finally, B. Riley Financial dropped their price objective on Cleanspark from $22.00 to $19.00 and set a "buy" rating for the company in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $20.29.

Cleanspark Price Performance

Shares of CLSK stock opened at $13.98 on Friday. Cleanspark, Inc. has a twelve month low of $8.00 and a twelve month high of $23.61. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of -13.07 and a beta of 3.71. The stock has a fifty day simple moving average of $10.49 and a two-hundred day simple moving average of $12.03. The company has a current ratio of 10.54, a quick ratio of 10.54 and a debt-to-equity ratio of 1.29.

Cleanspark Profile

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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