UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 93,086 Shares of CleanSpark, Inc. (NASDAQ:CLSK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in CleanSpark, Inc. (NASDAQ:CLSK - Free Report) by 22.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 512,765 shares of the company's stock after acquiring an additional 93,086 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of CleanSpark worth $4,723,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Prudential Financial Inc. increased its holdings in CleanSpark by 9.1% during the 4th quarter. Prudential Financial Inc. now owns 16,835 shares of the company's stock worth $155,000 after acquiring an additional 1,405 shares during the period. Corebridge Financial Inc. boosted its stake in shares of CleanSpark by 1.2% in the 4th quarter. Corebridge Financial Inc. now owns 123,723 shares of the company's stock valued at $1,139,000 after purchasing an additional 1,507 shares in the last quarter. Sigma Planning Corp boosted its stake in shares of CleanSpark by 11.9% in the 4th quarter. Sigma Planning Corp now owns 17,518 shares of the company's stock valued at $161,000 after purchasing an additional 1,865 shares in the last quarter. Russell Investments Group Ltd. boosted its position in CleanSpark by 60.0% during the 4th quarter. Russell Investments Group Ltd. now owns 5,859 shares of the company's stock valued at $54,000 after buying an additional 2,196 shares during the period. Finally, KBC Group NV boosted its position in CleanSpark by 36.5% during 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 during the period. 43.12% of the stock is owned by hedge funds and other institutional investors.

CleanSpark Trading Up 8.5%

NASDAQ CLSK traded up $0.77 during trading on Friday, hitting $9.79. The company had a trading volume of 30,991,314 shares, compared to its average volume of 28,162,248. CleanSpark, Inc. has a one year low of $6.45 and a one year high of $20.64. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 89.01 and a beta of 4.24. The company's fifty day moving average is $8.56 and its 200-day moving average is $9.78.

CleanSpark (NASDAQ:CLSK - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.05). The company had revenue of $181.71 million during 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 for the quarter was up 62.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 earnings per share. As a group, equities analysts anticipate that CleanSpark, Inc. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Amanda Cavaleri sold 13,000 shares of the stock in a transaction dated 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 directly owns 140,289 shares in the company, valued at $1,118,103.33. This trade represents a 8.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Roger Paul Beynon sold 50,000 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $10.51, for a total transaction of $525,500.00. Following the completion of the transaction, the director now owns 125,511 shares of the company's stock, valued at approximately $1,319,120.61. The trade was a 28.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.65% of the stock is owned by company 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.