Parkwood LLC Makes New Investment in CleanSpark, Inc. (NASDAQ:CLSK)

Parkwood LLC purchased a new stake in CleanSpark, Inc. (NASDAQ:CLSK - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 90,000 shares of the company's stock, valued at approximately $829,000.

A number of other large investors have also made changes to their positions in CLSK. Barclays PLC increased its holdings in CleanSpark by 364.0% during the 3rd 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 in the last quarter. GAMMA Investing LLC grew its holdings in CleanSpark by 962.1% in the 4th quarter. GAMMA Investing LLC now owns 3,951 shares of the company's stock valued at $36,000 after buying an additional 3,579 shares during the period. Assenagon Asset Management S.A. purchased a new stake in CleanSpark in the 4th quarter valued at about $39,940,000. Hennion & Walsh Asset Management Inc. grew its holdings in CleanSpark by 121.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 46,323 shares of the company's stock valued at $427,000 after purchasing an additional 25,444 shares during the period. Finally, Royal Fund Management LLC purchased a new stake in CleanSpark in the fourth quarter valued at approximately $147,000. Hedge funds and other institutional investors own 43.12% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC assumed 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. HC Wainwright restated a "buy" rating and issued a $27.00 target price on shares of CleanSpark in a report on Friday, February 7th. Chardan Capital upgraded shares of CleanSpark to a "strong-buy" rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. lowered their target price on shares of CleanSpark from $17.00 to $12.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of CleanSpark in a research report on Monday, January 27th. They set an "outperform" rating and a $19.00 price target on the stock. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, CleanSpark currently has a consensus rating of "Buy" and a consensus price target of $20.83.

Insider Transactions at CleanSpark

In other news, Director Amanda Cavaleri sold 13,000 shares of the firm's 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 transaction, the director now directly owns 140,289 shares in the company, valued at approximately $1,118,103.33. This trade represents a 8.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.65% of the company's stock.

CleanSpark Stock Performance

Shares of CLSK stock traded up $0.00 on Monday, hitting $9.78. The stock had a trading volume of 15,470,239 shares, compared to its average volume of 28,239,546. CleanSpark, Inc. has a 52-week low of $6.45 and a 52-week high of $20.64. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 89.24 and a beta of 4.36. The stock's 50 day moving average is $8.09 and its 200-day moving average is $10.19.

CleanSpark (NASDAQ:CLSK - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.05). CleanSpark had a net margin of 16.07% and a negative return on equity of 2.61%. The firm had revenue of $181.71 million during the quarter, compared to the consensus estimate of $196.43 million. During the same quarter last year, the firm posted $0.59 earnings per share. CleanSpark's revenue was up 62.5% compared to the same quarter last year. Equities analysts expect that CleanSpark, Inc. will post 0.58 earnings per share for the current year.

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.