CleanSpark, Inc. (NASDAQ:CLSK) Shares Acquired by CAP Partners LLC

CAP Partners LLC boosted its position in CleanSpark, Inc. (NASDAQ:CLSK) by 35.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,411 shares of the company’s stock after buying an additional 12,797 shares during the quarter. CAP Partners LLC’s holdings in CleanSpark were worth $461,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CLSK. National Bank of Canada FI lifted its position in shares of CleanSpark by 470.9% in the 2nd quarter. National Bank of Canada FI now owns 2,569 shares of the company’s stock worth $41,000 after buying an additional 2,119 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in CleanSpark by 36.8% in the first quarter. Russell Investments Group Ltd. now owns 2,926 shares of the company’s stock worth $62,000 after acquiring an additional 787 shares during the last quarter. Hollencrest Capital Management acquired a new position in CleanSpark in the second quarter valued at approximately $48,000. KBC Group NV grew its holdings in shares of CleanSpark by 42.0% during the third quarter. KBC Group NV now owns 7,403 shares of the company’s stock valued at $69,000 after purchasing an additional 2,190 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in shares of CleanSpark by 18.4% during the second quarter. Amalgamated Bank now owns 7,667 shares of the company’s stock valued at $122,000 after purchasing an additional 1,194 shares during the last quarter. Institutional investors and hedge funds own 43.12% of the company’s stock.

CleanSpark Price Performance

Shares of CLSK opened at $13.54 on Monday. The stock’s fifty day moving average is $10.89 and its 200-day moving average is $13.72. CleanSpark, Inc. has a one year low of $4.04 and a one year high of $24.72.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CLSK shares. JPMorgan Chase & Co. reduced their price objective on CleanSpark from $12.50 to $10.50 and set a “neutral” rating for the company in a research report on Friday, August 23rd. Macquarie started coverage on shares of CleanSpark in a research report on Wednesday, September 25th. They set an “outperform” rating and a $20.00 price target for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $23.00 price objective on shares of CleanSpark in a report on Thursday, October 3rd. Finally, HC Wainwright reissued a “buy” rating and set a $27.00 target price on shares of CleanSpark in a research note on Wednesday, September 25th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, CleanSpark has a consensus rating of “Moderate Buy” and an average price target of $21.42.

Insider Buying and Selling at CleanSpark

In other CleanSpark news, Director Thomas Leigh Wood sold 22,222 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $9.24, for a total transaction of $205,331.28. Following the completion of the transaction, the director now directly owns 137,050 shares of the company’s stock, valued at approximately $1,266,342. This trade represents a 13.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 26,272 shares of company stock valued at $250,003. Company insiders own 2.99% of the company’s stock.

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.