Mirae Asset Global Investments Co. Ltd. Has $19.38 Million Holdings in CleanSpark, Inc. (NASDAQ:CLSK)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of CleanSpark, Inc. (NASDAQ:CLSK - Free Report) by 119.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,757,431 shares of the company's stock after purchasing an additional 957,372 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.93% of CleanSpark worth $19,384,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CLSK. State Street Corp boosted its holdings in CleanSpark by 124.6% during the second quarter. State Street Corp now owns 5,563,128 shares of the company's stock worth $23,866,000 after buying an additional 3,085,789 shares in the last quarter. Renaissance Technologies LLC raised its holdings in CleanSpark by 907.1% in the 2nd quarter. Renaissance Technologies LLC now owns 2,203,302 shares of the company's stock worth $9,452,000 after acquiring an additional 1,984,516 shares during the period. BlackRock Inc. grew its position in CleanSpark by 32.9% in the 2nd quarter. BlackRock Inc. now owns 6,797,076 shares of the company's stock worth $29,159,000 after purchasing an additional 1,682,954 shares during the last quarter. Vanguard Group Inc. grew its position in CleanSpark by 21.7% in the 3rd quarter. Vanguard Group Inc. now owns 7,533,197 shares of the company's stock worth $28,701,000 after purchasing an additional 1,345,135 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in CleanSpark by 210.6% in the 4th quarter. AQR Capital Management LLC now owns 1,371,240 shares of the company's stock worth $2,797,000 after purchasing an additional 929,812 shares during the last quarter. Institutional investors own 43.12% of the company's stock.

Wall Street Analysts Forecast Growth

CLSK has been the topic of a number of recent analyst reports. TheStreet upgraded shares of CleanSpark from a "d" rating to a "c-" rating in a research report on Friday, February 9th. JPMorgan Chase & Co. boosted their price target on shares of CleanSpark from $14.00 to $15.00 and gave the stock a "neutral" rating in a research note on Wednesday. Chardan Capital boosted their price objective on shares of CleanSpark from $13.00 to $26.00 and gave the company a "buy" rating in a report on Monday, March 4th. HC Wainwright restated a "buy" rating and set a $27.00 price objective on shares of CleanSpark in a report on Wednesday, March 27th. Finally, Cantor Fitzgerald upped their price target on shares of CleanSpark from $10.00 to $20.00 and gave the company an "overweight" rating in a report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, CleanSpark currently has an average rating of "Moderate Buy" and an average target price of $19.22.

Insider Buying and Selling

In other news, Director Roger Paul Beynon sold 10,976 shares of the company's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $17.85, for a total transaction of $195,921.60. Following the sale, the director now directly owns 141,381 shares in the company, valued at $2,523,650.85. The sale was disclosed in a document filed with the SEC, which is available at this link. In other CleanSpark news, CEO Zachary Bradford sold 443,000 shares of the firm's stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $20.31, for a total transaction of $8,997,330.00. Following the completion of the transaction, the chief executive officer now owns 2,795,863 shares of the company's stock, valued at $56,783,977.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roger Paul Beynon sold 10,976 shares of CleanSpark stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $17.85, for a total value of $195,921.60. Following the completion of the transaction, the director now directly owns 141,381 shares of the company's stock, valued at approximately $2,523,650.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,169,620 shares of company stock valued at $24,963,509. 3.46% of the stock is owned by insiders.

CleanSpark Stock Performance

Shares of NASDAQ:CLSK traded down $0.28 during mid-day trading on Wednesday, hitting $15.05. The company had a trading volume of 22,141,510 shares, compared to its average volume of 35,140,738. The firm has a fifty day moving average price of $16.69 and a 200 day moving average price of $10.23. CleanSpark, Inc. has a one year low of $2.87 and a one year high of $24.72.

CleanSpark (NASDAQ:CLSK - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.28) by $0.26. The firm had revenue of $73.79 million for the quarter, compared to the consensus estimate of $66.06 million. CleanSpark had a negative net margin of 38.09% and a negative return on equity of 16.25%. As a group, sell-side analysts anticipate that CleanSpark, Inc. will post -0.3 EPS 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.