881,663 Shares in Cleanspark, Inc. $CLSK Purchased by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board has acquired 881,663 shares of Cleanspark, Inc., valued at approximately $5.9 million, representing about 0.31% ownership as of its latest SEC filing.
• Cleanspark's recent earnings report showed an EPS of $0.78, significantly exceeding the consensus estimate of $0.07, with a 90.8% year-over-year increase in revenue.
• Analysts have a current consensus rating of "Moderate Buy" for Cleanspark, with an average price target of $20.47 as several firms reaffirm and raise their price evaluations.

Public Sector Pension Investment Board purchased a new stake in Cleanspark, Inc. (NASDAQ:CLSK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 881,663 shares of the company's stock, valued at approximately $5,925,000. Public Sector Pension Investment Board owned 0.31% of Cleanspark as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Mackenzie Financial Corp grew its stake in Cleanspark by 13.5% in the 4th quarter. Mackenzie Financial Corp now owns 15,916 shares of the company's stock worth $147,000 after buying an additional 1,898 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Cleanspark by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 21,500 shares of the company's stock valued at $144,000 after acquiring an additional 2,158 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Cleanspark by 60.0% during the fourth quarter. Russell Investments Group Ltd. now owns 5,859 shares of the company's stock valued at $54,000 after acquiring an additional 2,196 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in Cleanspark by 12.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 26,034 shares of the company's stock valued at $240,000 after purchasing an additional 2,879 shares during the period. Finally, Freedom Investment Management Inc. boosted its stake in Cleanspark by 21.9% during the fourth quarter. Freedom Investment Management Inc. now owns 16,938 shares of the company's stock worth $156,000 after acquiring an additional 3,043 shares in the last quarter. Hedge funds and other institutional investors own 43.12% of the company's stock.

Cleanspark Trading Up 0.2%

Shares of CLSK stock traded up $0.0150 during mid-day trading on Wednesday, reaching $9.3750. The stock had a trading volume of 10,676,800 shares, compared to its average volume of 25,227,021. Cleanspark, Inc. has a 12-month low of $6.45 and a 12-month high of $17.97. The business has a 50-day simple moving average of $11.00 and a 200 day simple moving average of $9.51. The company has a market cap of $2.64 billion, a P/E ratio of 11.03 and a beta of 3.72.

Cleanspark (NASDAQ:CLSK - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.71. Cleanspark had a net margin of 47.98% and a return on equity of 8.89%. The firm had revenue of $198.64 million during the quarter, compared to the consensus estimate of $191.33 million. During the same quarter in the prior year, the company earned ($1.03) EPS. The company's revenue was up 90.8% on a year-over-year basis. Research analysts anticipate that Cleanspark, Inc. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CLSK shares. Macquarie lifted their target price on shares of Cleanspark from $18.00 to $20.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Chardan Capital restated a "buy" rating and set a $20.00 price objective on shares of Cleanspark in a report on Friday, August 8th. Cantor Fitzgerald raised their price target on shares of Cleanspark from $25.00 to $26.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. LADENBURG THALM/SH SH assumed coverage on Cleanspark in a research note on Monday, July 28th. They issued a "buy" rating and a $20.25 target price for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Cleanspark from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Ten research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $20.47.

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.