Cleanspark, Inc. $CLSK Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in shares of Cleanspark, Inc. (NASDAQ:CLSK) by 201.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,357 shares of the company’s stock after purchasing an additional 89,843 shares during the period. SG Americas Securities LLC’s holdings in Cleanspark were worth $1,948,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC raised its position in shares of Cleanspark by 7.8% during the 3rd quarter. GAMMA Investing LLC now owns 12,915 shares of the company’s stock worth $187,000 after purchasing an additional 932 shares during the last quarter. Vontobel Holding Ltd. increased its stake in Cleanspark by 1.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 72,191 shares of the company’s stock worth $1,047,000 after buying an additional 1,236 shares in the last quarter. Cresset Asset Management LLC increased its stake in Cleanspark by 4.9% during the 2nd quarter. Cresset Asset Management LLC now owns 26,924 shares of the company’s stock worth $297,000 after buying an additional 1,248 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Cleanspark by 145.3% during the second quarter. Fifth Third Bancorp now owns 2,860 shares of the company’s stock valued at $32,000 after acquiring an additional 1,694 shares during the last quarter. Finally, Salomon & Ludwin LLC purchased a new position in shares of Cleanspark in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 43.12% of the company’s stock.

Insider Transactions at Cleanspark

In other Cleanspark news, Director Thomas Leigh Wood sold 85,315 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $11.69, for a total value of $997,332.35. Following the transaction, the director directly owned 41,421 shares in the company, valued at $484,211.49. The trade was a 67.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Amanda Cavaleri sold 33,000 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $15.02, for a total transaction of $495,660.00. Following the completion of the sale, the director directly owned 107,289 shares of the company’s stock, valued at approximately $1,611,480.78. This trade represents a 23.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.65% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on CLSK. JPMorgan Chase & Co. upgraded Cleanspark from a “neutral” rating to an “overweight” rating and set a $14.00 price target for the company in a research report on Monday, November 24th. HC Wainwright lowered their target price on shares of Cleanspark from $30.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Northland Securities assumed coverage on shares of Cleanspark in a report on Tuesday. They set an “outperform” rating and a $22.50 target price for the company. Wall Street Zen downgraded shares of Cleanspark from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Finally, BTIG Research boosted their price target on shares of Cleanspark from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $23.06.

Cleanspark Stock Up 6.3%

Shares of NASDAQ:CLSK opened at $13.34 on Thursday. Cleanspark, Inc. has a 52-week low of $6.45 and a 52-week high of $23.61. The stock has a market cap of $3.41 billion, a P/E ratio of 12.02 and a beta of 3.47. The business has a fifty day moving average of $12.45 and a two-hundred day moving average of $13.00. The company has a quick ratio of 4.18, a current ratio of 4.18 and a debt-to-equity ratio of 0.30.

About Cleanspark

CleanSpark, Inc (NASDAQ: CLSK) is a leading energy software and services company specializing in advanced microgrid controls and distributed energy resource (DER) management. The firm develops proprietary software platforms designed to optimize power flows across on-grid and off-grid installations, integrating renewable generation, battery storage, and traditional generation assets. CleanSpark’s technology is used by utilities, commercial and industrial enterprises, and remote facilities seeking to enhance energy resilience, reduce operating costs, and achieve sustainability goals.

In addition to its core software offerings, CleanSpark provides end-to-end engineering, procurement and construction (EPC) services.