CleanSpark, Inc. (NASDAQ:CLSK) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP lifted its position in shares of CleanSpark, Inc. (NASDAQ:CLSK - Free Report) by 265.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 519,401 shares of the company's stock after purchasing an additional 377,400 shares during the period. Marshall Wace LLP owned about 0.18% of CleanSpark worth $4,784,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its holdings in CleanSpark by 364.0% in the third quarter. Barclays PLC now owns 389,201 shares of the company's stock valued at $3,634,000 after acquiring an additional 305,316 shares during the last quarter. Virtu Financial LLC bought a new position in shares of CleanSpark during the 4th quarter worth approximately $338,000. Assenagon Asset Management S.A. bought a new position in shares of CleanSpark during the 4th quarter worth approximately $39,940,000. Quadrant Capital Group LLC bought a new position in shares of CleanSpark during the 4th quarter worth approximately $734,000. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of CleanSpark by 121.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 46,323 shares of the company's stock worth $427,000 after purchasing an additional 25,444 shares during the period. 43.12% of the stock is currently owned by institutional investors.

CleanSpark Stock Performance

Shares of CLSK traded down $0.27 during mid-day trading on Wednesday, reaching $8.17. The company had a trading volume of 16,645,354 shares, compared to its average volume of 28,295,518. The firm has a 50-day moving average price of $7.91 and a 200 day moving average price of $10.47. CleanSpark, Inc. has a 52 week low of $6.45 and a 52 week high of $20.64. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 74.28 and a beta of 4.12.

CleanSpark (NASDAQ:CLSK - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate 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 forecast that CleanSpark, Inc. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CLSK. Chardan Capital raised CleanSpark to a "strong-buy" rating in a research report on Monday, March 24th. 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. Needham & Company LLC initiated coverage on CleanSpark in a research note on Wednesday, February 12th. They issued a "buy" rating and a $20.00 price objective for the company. Keefe, Bruyette & Woods started coverage on CleanSpark in a research note on Monday, January 27th. They issued an "outperform" rating and a $19.00 price objective for the company. Finally, HC Wainwright reiterated a "buy" rating and issued a $27.00 target price on shares of CleanSpark in a research note on Friday, February 7th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $21.57.

Insider Buying and Selling

In other news, CEO Zachary Bradford sold 10,533 shares of the business's 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Amanda Cavaleri sold 13,000 shares of the company's 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 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 disclosure for this sale can be found here. In the last quarter, insiders sold 34,836 shares of company stock valued at $335,945. Company insiders own 2.65% of the company's stock.

About CleanSpark

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.