ProShare Advisors LLC Has $656,000 Stock Holdings in CleanSpark, Inc. (NASDAQ:CLSK)

ProShare Advisors LLC grew its position in CleanSpark, Inc. (NASDAQ:CLSK - Free Report) by 61.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,198 shares of the company's stock after purchasing an additional 27,125 shares during the period. ProShare Advisors LLC's holdings in CleanSpark were worth $656,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Prudential Financial Inc. boosted its position in shares of CleanSpark by 9.1% during the fourth quarter. Prudential Financial Inc. now owns 16,835 shares of the company's stock worth $155,000 after buying an additional 1,405 shares during the period. Corebridge Financial Inc. boosted its position in CleanSpark by 1.2% during the 4th quarter. Corebridge Financial Inc. now owns 123,723 shares of the company's stock worth $1,139,000 after acquiring an additional 1,507 shares during the period. Sigma Planning Corp grew its stake in shares of CleanSpark by 11.9% in the fourth quarter. Sigma Planning Corp now owns 17,518 shares of the company's stock worth $161,000 after purchasing an additional 1,865 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of CleanSpark by 60.0% in the fourth quarter. Russell Investments Group Ltd. now owns 5,859 shares of the company's stock worth $54,000 after purchasing an additional 2,196 shares in the last quarter. Finally, KBC Group NV grew its position in CleanSpark by 36.5% in the 4th quarter. KBC Group NV now owns 10,103 shares of the company's stock valued at $93,000 after buying an additional 2,700 shares in the last quarter. Institutional investors and hedge funds own 43.12% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Needham & Company LLC started coverage on CleanSpark in a research note on Wednesday, February 12th. They set a "buy" rating and a $20.00 target price for the company. Chardan Capital assumed coverage on shares of CleanSpark in a research report on Wednesday, May 21st. They issued a "buy" rating and a $20.00 target price on the stock. HC Wainwright restated a "buy" rating and issued a $27.00 price target on shares of CleanSpark in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of CleanSpark from $17.00 to $12.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $20.71.

CleanSpark Trading Down 0.3%

CLSK stock traded down $0.03 during midday trading on Friday, reaching $8.75. The company had a trading volume of 5,501,567 shares, compared to its average volume of 28,172,812. The company has a 50 day moving average of $8.38 and a two-hundred day moving average of $10.03. The company has a market capitalization of $2.46 billion, a P/E ratio of 79.50 and a beta of 4.36. CleanSpark, Inc. has a 1 year low of $6.45 and a 1 year high of $20.64.

CleanSpark (NASDAQ:CLSK - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.05). The firm had revenue of $181.71 million during the quarter, compared to analyst estimates of $196.43 million. CleanSpark had a negative return on equity of 2.61% and a net margin of 16.07%. The company's quarterly revenue was up 62.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 EPS. On average, sell-side analysts anticipate that CleanSpark, Inc. will post 0.58 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Amanda Cavaleri sold 13,000 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $7.97, for a total transaction of $103,610.00. Following the completion of the transaction, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roger Paul Beynon sold 50,000 shares of CleanSpark 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 in the company, valued at $1,319,120.61. The trade was a 28.49% decrease in their position. The disclosure for this sale can be found here. 2.65% of the stock is currently owned by corporate insiders.

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.