Cleanspark, Inc. $CLSK Stock Holdings Trimmed by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in Cleanspark, Inc. (NASDAQ:CLSK) by 24.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 240,082 shares of the company’s stock after selling 79,495 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of Cleanspark worth $2,495,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in Cleanspark by 38.9% in the third quarter. Smartleaf Asset Management LLC now owns 2,660 shares of the company’s stock valued at $40,000 after buying an additional 745 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Cleanspark by 4.0% in the third quarter. PNC Financial Services Group Inc. now owns 20,096 shares of the company’s stock valued at $291,000 after buying an additional 781 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Cleanspark by 3.5% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 25,838 shares of the company’s stock valued at $375,000 after buying an additional 873 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in Cleanspark by 115.5% in the third quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock valued at $25,000 after buying an additional 937 shares during the last quarter. Finally, CI Investments Inc. increased its holdings in Cleanspark by 6.9% in the third quarter. CI Investments Inc. now owns 15,437 shares of the company’s stock valued at $224,000 after buying an additional 997 shares during the last quarter. 43.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Cantor Fitzgerald lowered their target price on Cleanspark from $17.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Chardan Capital reaffirmed a “buy” rating and set a $16.00 target price on shares of Cleanspark in a report on Wednesday, April 8th. Northland Securities assumed coverage on Cleanspark in a report on Tuesday, January 13th. They set an “outperform” rating and a $22.50 target price for the company. B. Riley Financial lowered their target price on Cleanspark from $22.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Finally, Needham & Company LLC lowered their target price on Cleanspark from $25.00 to $19.00 and set a “buy” rating for the company in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.37.

Cleanspark Stock Up 10.2%

CLSK stock opened at $12.53 on Friday. The company has a quick ratio of 10.54, a current ratio of 10.54 and a debt-to-equity ratio of 1.29. Cleanspark, Inc. has a fifty-two week low of $7.82 and a fifty-two week high of $23.61. The firm’s 50-day simple moving average is $10.25 and its 200 day simple moving average is $12.29. The stock has a market cap of $3.20 billion, a PE ratio of -11.71 and a beta of 3.53.

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.