Harvest Portfolios Group Inc. Has $3.40 Million Holdings in Cleanspark, Inc. $CLSK

Harvest Portfolios Group Inc. lifted its stake in shares of Cleanspark, Inc. (NASDAQ:CLSK) by 58.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 234,649 shares of the company’s stock after purchasing an additional 86,912 shares during the period. Harvest Portfolios Group Inc.’s holdings in Cleanspark were worth $3,402,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its position in Cleanspark by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 26,051,850 shares of the company’s stock worth $377,752,000 after purchasing an additional 769,148 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Cleanspark by 54.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,781,191 shares of the company’s stock valued at $19,647,000 after buying an additional 631,662 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Cleanspark in the 2nd quarter valued at $6,616,000. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Cleanspark by 310.5% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 495,330 shares of the company’s stock worth $7,182,000 after acquiring an additional 374,671 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Cleanspark by 35.8% during the third quarter. Exchange Traded Concepts LLC now owns 1,417,107 shares of the company’s stock valued at $20,548,000 after acquiring an additional 373,259 shares during the period. 43.12% of the stock is owned by institutional investors.

Cleanspark Stock Down 4.7%

Shares of NASDAQ CLSK opened at $9.95 on Friday. Cleanspark, Inc. has a 52-week low of $6.45 and a 52-week 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 stock has a market cap of $2.54 billion, a P/E ratio of -9.30 and a beta of 3.47. The firm has a 50 day moving average price of $11.25 and a 200 day moving average price of $12.85.

Insider Buying and Selling at Cleanspark

In related news, Director Thomas Leigh Wood sold 85,315 shares of the company’s 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 sale, the director owned 41,421 shares in the company, valued at $484,211.49. This represents a 67.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Amanda Cavaleri sold 33,000 shares of Cleanspark stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $15.02, for a total value of $495,660.00. Following the transaction, the director owned 107,289 shares in the company, valued at approximately $1,611,480.78. This represents a 23.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Northland Securities assumed coverage on Cleanspark in a report on Tuesday, January 13th. They issued an “outperform” rating and a $22.50 price target on the stock. Maxim Group initiated coverage on shares of Cleanspark in a research report on Thursday, January 8th. They set a “buy” rating and a $22.00 target price on the stock. HC Wainwright reduced 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. B. Riley Financial dropped their price target on shares of Cleanspark from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Finally, Macquarie Infrastructure cut their price objective on shares of Cleanspark from $30.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.60.

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.