Keefe, Bruyette & Woods Cuts Cleanspark (NASDAQ:CLSK) Price Target to $18.00

Cleanspark (NASDAQ:CLSK) had its price objective cut by Keefe, Bruyette & Woods from $18.50 to $18.00 in a report released on Tuesday morning, MarketBeat.com reports. They currently have a moderate buy rating on the stock.

Other research analysts have also issued research reports about the company. Maxim Group began coverage on Cleanspark in a research report on Thursday, January 8th. They set a “buy” rating and a $22.00 target price for the company. Needham & Company LLC raised their price target on Cleanspark from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. HC Wainwright dropped their price objective on Cleanspark from $30.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Macquarie reduced their target price on Cleanspark from $30.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Finally, BTIG Research lifted their target price on Cleanspark from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $22.98.

Cleanspark Price Performance

Cleanspark stock opened at $12.59 on Tuesday. Cleanspark has a 12-month low of $6.45 and a 12-month high of $23.61. The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $12.57 and a 200-day moving average price of $13.07. The firm has a market capitalization of $3.22 billion, a PE ratio of 11.34 and a beta of 3.47.

Insider Activity at Cleanspark

In other Cleanspark news, Director Thomas Leigh Wood sold 85,315 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $11.69, for a total transaction of $997,332.35. Following the transaction, the director directly owned 41,421 shares in the company, valued at $484,211.49. This trade represents 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 Cleanspark stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $15.02, for a total value of $495,660.00. Following 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.08% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. raised its holdings in shares of Cleanspark by 115.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock valued at $25,000 after purchasing an additional 937 shares in the last quarter. Quarry LP purchased a new position in Cleanspark during the third quarter valued at approximately $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Cleanspark in the second quarter worth approximately $29,000. Fifth Third Bancorp raised its stake in Cleanspark by 145.3% in the second quarter. Fifth Third Bancorp now owns 2,860 shares of the company’s stock worth $32,000 after buying an additional 1,694 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in Cleanspark during the third quarter worth $32,000. 43.12% of the stock is currently owned by institutional investors.

More Cleanspark News

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Company is pursuing a large AI-related growth initiative — reports describe a planned ~600 MW Texas AI data center and a revenue shift toward AI/colocation, which would materially expand recurring revenue potential if executed. Is CleanSpark’s Planned 600 MW Texas AI Data Center Altering The Investment Case For CleanSpark (CLSK)?
• Positive Sentiment: Coverage highlights CleanSpark’s strategic shift into AI/data-center revenue streams, reinforcing a growth narrative that could lift forward revenue multiples if execution and bookings follow. CleanSpark Eyes AI Future With Texas Data Center And Revenue Shift
• Positive Sentiment: Some Wall Street commentary remains optimistic about CleanSpark’s outlook and long-term growth opportunities, which can support investor interest despite near-term headwinds. Wall Street Bulls Look Optimistic About CleanSpark (CLSK): Should You Buy?
• Positive Sentiment: Earlier short-term strength was noted in recent sessions when the stock outperformed the market, indicating episodic buying interest ahead of the earnings event. CleanSpark (CLSK) Ascends While Market Falls: Some Facts to Note
• Neutral Sentiment: Company is scheduled to release quarterly results this week; earnings timing elevates volatility and makes guidance/beat-or-miss the likely near-term stock mover. Cleanspark (CLSK) to Release Earnings on Thursday
• Neutral Sentiment: Reported short-interest data in late January appears anomalous/zeroed-out in public reports, so short-interest signals are currently unreliable as a contrarian indicator.
• Negative Sentiment: An earnings-preview from Zacks forecasts Q1 earnings are likely to decline and suggests CleanSpark lacks the drivers for a clear beat — that raises the bar for positive surprise. Earnings Preview: CleanSpark (CLSK) Q1 Earnings Expected to Decline
• Negative Sentiment: Keefe, Bruyette & Woods lowered expectations for CLSK, which subtracts from near-term analyst support and can pressure the stock when investors seek safety ahead of earnings. Keefe, Bruyette & Woods Has Lowered Expectations for Cleanspark (NASDAQ:CLSK) Stock Price
• Negative Sentiment: Market reports noted CleanSpark declined more sharply than the broader market in the latest session, reflecting profit-taking or risk-off ahead of the earnings release. CleanSpark (CLSK) Falls More Steeply Than Broader Market: What Investors Need to Know

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.