CleanSpark, Inc. (NASDAQ:CLSK) Holdings Lifted by Invesco Ltd.

Invesco Ltd. grew its holdings in CleanSpark, Inc. (NASDAQ:CLSK - Free Report) by 44.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,984,362 shares of the company's stock after purchasing an additional 914,279 shares during the period. Invesco Ltd. owned approximately 1.06% of CleanSpark worth $27,486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its stake in CleanSpark by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 19,655,746 shares of the company's stock worth $181,029,000 after purchasing an additional 495,367 shares during the period. Geode Capital Management LLC increased its holdings in shares of CleanSpark by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 6,517,268 shares of the company's stock valued at $60,037,000 after acquiring an additional 353,807 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in CleanSpark in the fourth quarter valued at approximately $39,940,000. Charles Schwab Investment Management Inc. raised its stake in CleanSpark by 12.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,464,861 shares of the company's stock worth $22,701,000 after acquiring an additional 270,026 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in CleanSpark by 40.0% in the fourth quarter. Van ECK Associates Corp now owns 2,227,199 shares of the company's stock valued at $20,513,000 after acquiring an additional 636,511 shares during the last quarter. 43.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CLSK has been the topic of a number of research reports. Chardan Capital upgraded CleanSpark to a "strong-buy" rating in a research note on Monday, March 24th. Needham & Company LLC started coverage on shares of CleanSpark in a report on Wednesday, February 12th. They issued a "buy" rating and a $20.00 target price for the company. JPMorgan Chase & Co. reduced their price objective on CleanSpark from $17.00 to $12.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Keefe, Bruyette & Woods assumed coverage on CleanSpark in a report on Monday, January 27th. They set an "outperform" rating and a $19.00 price target for the company. Finally, HC Wainwright restated a "buy" rating and set a $27.00 price objective on shares of CleanSpark in a research report on Friday, February 7th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $21.57.

Insider Buying and Selling at CleanSpark

In other news, CEO Zachary Bradford sold 10,533 shares of CleanSpark stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $10.64, for a total transaction of $112,071.12. Following the sale, the chief executive officer now owns 3,059,326 shares of the company's stock, valued at approximately $32,551,228.64. The trade was a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Amanda Cavaleri sold 13,000 shares of CleanSpark 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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 34,836 shares of company stock worth $335,945 in the last ninety days. 2.65% of the stock is owned by insiders.

CleanSpark Trading Up 0.3 %

Shares of NASDAQ CLSK traded up $0.03 on Thursday, reaching $8.90. 10,720,697 shares of the company traded hands, compared to its average volume of 28,297,620. The stock has a market capitalization of $2.50 billion, a PE ratio of 80.79 and a beta of 4.12. CleanSpark, Inc. has a fifty-two week low of $6.45 and a fifty-two week high of $21.39. The company has a 50 day moving average of $8.02 and a 200 day moving average of $10.47.

CleanSpark (NASDAQ:CLSK - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04. CleanSpark had a negative return on equity of 2.61% and a net margin of 16.07%. As a group, research analysts expect that CleanSpark, Inc. will post 0.58 earnings per share for the current year.

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.