Vanguard Group Inc. Increases Position in Cleanspark, Inc. $CLSK

Vanguard Group Inc. lifted its position in shares of Cleanspark, Inc. (NASDAQ:CLSK) by 3.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,051,850 shares of the company’s stock after buying an additional 769,148 shares during the quarter. Vanguard Group Inc. owned approximately 8.74% of Cleanspark worth $377,752,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. raised its holdings in Cleanspark by 115.5% during the third quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock valued at $25,000 after acquiring an additional 937 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Cleanspark in the second quarter worth about $29,000. Salomon & Ludwin LLC purchased a new stake in shares of Cleanspark during the third quarter worth about $32,000. Strs Ohio bought a new stake in Cleanspark during the 1st quarter valued at approximately $38,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Cleanspark by 38.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,660 shares of the company’s stock worth $40,000 after purchasing an additional 745 shares in the last quarter. Institutional investors own 43.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CLSK shares. Sanford C. Bernstein increased their price objective on shares of Cleanspark from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Zacks Research upgraded shares of Cleanspark from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Keefe, Bruyette & Woods cut their target price on shares of Cleanspark from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, February 9th. Wall Street Zen downgraded shares of Cleanspark from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Finally, JPMorgan Chase & Co. upgraded shares of Cleanspark from a “neutral” rating to an “overweight” rating and set a $14.00 price target on the stock in a research note on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.60.

Insiders Place Their Bets

In other Cleanspark news, Director Thomas Leigh Wood sold 85,315 shares of Cleanspark stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $11.69, for a total value of $997,332.35. Following the completion of the transaction, the director directly owned 41,421 shares of the company’s stock, valued at $484,211.49. This trade represents a 67.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Amanda Cavaleri sold 33,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $15.02, for a total transaction of $495,660.00. Following the completion of the sale, the director owned 107,289 shares in the company, 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. Company insiders own 2.08% of the company’s stock.

Cleanspark Stock Down 0.1%

NASDAQ CLSK opened at $10.44 on Friday. The stock has a 50 day moving average price of $11.29 and a 200-day moving average price of $12.83. Cleanspark, Inc. has a one year low of $6.45 and a one year high of $23.61. The company has a debt-to-equity ratio of 1.29, a quick ratio of 10.54 and a current ratio of 10.54. The company has a market capitalization of $2.67 billion, a P/E ratio of -9.76 and a beta of 3.47.

Cleanspark Company Profile

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.