CleanSpark, Inc. (NASDAQ:CLSK – Get Free Report) Director Thomas Leigh Wood sold 22,222 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $9.24, for a total transaction of $205,331.28. Following the completion of the sale, the director now directly owns 137,050 shares in the company, valued at $1,266,342. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
CleanSpark Stock Down 0.4 %
Shares of CleanSpark stock traded down $0.04 during trading on Thursday, hitting $9.25. 15,650,650 shares of the stock were exchanged, compared to its average volume of 30,930,049. The company has a fifty day moving average price of $13.35 and a 200-day moving average price of $15.98. CleanSpark, Inc. has a 1-year low of $3.38 and a 1-year high of $24.72.
CleanSpark (NASDAQ:CLSK – Get Free Report) last released its quarterly earnings data on Friday, August 9th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $104.11 million for the quarter, compared to analyst estimates of $114.04 million. CleanSpark had a negative return on equity of 3.64% and a negative net margin of 46.31%. Sell-side analysts anticipate that CleanSpark, Inc. will post -0.06 earnings per share for the current year.
Institutional Inflows and Outflows
Analyst Ratings Changes
Several research firms recently commented on CLSK. Cantor Fitzgerald reissued an “overweight” rating and set a $23.00 price target on shares of CleanSpark in a research report on Tuesday, September 3rd. HC Wainwright reissued a “buy” rating and set a $27.00 price target on shares of CleanSpark in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on shares of CleanSpark from $12.50 to $10.50 and set a “neutral” rating on the stock in a research report on Friday, August 23rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.97.
Get Our Latest Stock Report on CLSK
About CleanSpark
CleanSpark, Inc operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc and changed its name to CleanSpark, Inc in November 2016.
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