Sanctuary Advisors LLC Sells 93,647 Shares of Cleanspark, Inc. $CLSK

Sanctuary Advisors LLC reduced its stake in shares of Cleanspark, Inc. (NASDAQ:CLSK) by 66.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 48,056 shares of the company’s stock after selling 93,647 shares during the quarter. Sanctuary Advisors LLC’s holdings in Cleanspark were worth $486,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CLSK. Hantz Financial Services Inc. lifted 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 period. Quarry LP acquired a new position in Cleanspark in the third quarter valued at approximately $26,000. Morse Asset Management Inc acquired a new position in Cleanspark in the third quarter valued at approximately $32,000. Strs Ohio acquired a new position in Cleanspark in the first quarter valued at approximately $38,000. Finally, Smartleaf Asset Management LLC lifted 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 period. 43.12% of the stock is currently owned by institutional investors and hedge funds.

Cleanspark Trading Up 1.6%

CLSK opened at $14.20 on Friday. The firm’s fifty day moving average is $10.49 and its two-hundred day moving average is $12.03. 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 firm has a market cap of $3.63 billion, a PE ratio of -13.27 and a beta of 3.71. Cleanspark, Inc. has a twelve month low of $8.00 and a twelve month high of $23.61.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CLSK shares. Chardan Capital restated a “buy” rating and issued a $16.00 price objective on shares of Cleanspark in a report on Wednesday, April 8th. Weiss Ratings lowered shares of Cleanspark from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, February 9th. Keefe, Bruyette & Woods cut their price objective on shares of Cleanspark from $18.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, February 9th. Needham & Company LLC increased their price objective on shares of Cleanspark from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, B. Riley Financial cut their price objective on shares of Cleanspark from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.29.

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.