16,316 Shares in CleanSpark, Inc. (NASDAQ:CLSK) Acquired by Blueshift Asset Management LLC

Blueshift Asset Management LLC purchased a new stake in shares of CleanSpark, Inc. (NASDAQ:CLSK) during the fourth quarter, Holdings Channel.com reports. The firm purchased 16,316 shares of the company’s stock, valued at approximately $150,000.

Several other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC raised its position in CleanSpark by 9.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,163,461 shares of the company’s stock worth $57,577,000 after purchasing an additional 549,187 shares during the period. State Street Corp increased its holdings in shares of CleanSpark by 4.5% in the third quarter. State Street Corp now owns 6,073,912 shares of the company’s stock worth $56,730,000 after buying an additional 261,195 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of CleanSpark in the 4th quarter valued at about $39,940,000. Charles Schwab Investment Management Inc. boosted its holdings in CleanSpark by 12.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,464,861 shares of the company’s stock valued at $22,701,000 after acquiring an additional 270,026 shares during the period. Finally, Van ECK Associates Corp grew its position in CleanSpark by 40.0% during the 4th quarter. Van ECK Associates Corp now owns 2,227,199 shares of the company’s stock worth $20,513,000 after acquiring an additional 636,511 shares during the last quarter. 43.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CleanSpark news, CEO Zachary Bradford sold 10,533 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $10.64, for a total transaction of $112,071.12. Following the completion of the transaction, the chief executive officer now owns 3,059,326 shares of the company’s stock, valued at approximately $32,551,228.64. This trade represents a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman S. Matthew Schultz sold 9,010 shares of CleanSpark stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $10.64, for a total transaction of $95,866.40. Following the transaction, the chairman now owns 2,450,010 shares of the company’s stock, valued at $26,068,106.40. The trade was a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,186 shares of company stock worth $246,375 in the last three months. 2.65% of the stock is owned by corporate insiders.

CleanSpark Stock Performance

CLSK stock opened at $7.44 on Friday. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 67.64 and a beta of 4.20. The business’s 50 day moving average price is $9.61 and its two-hundred day moving average price is $10.74. CleanSpark, Inc. has a fifty-two week low of $7.22 and a fifty-two week high of $24.72.

CleanSpark (NASDAQ:CLSK) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. CleanSpark had a negative return on equity of 2.61% and a net margin of 16.07%. Sell-side analysts forecast that CleanSpark, Inc. will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

CLSK has been the subject of several recent research reports. Macquarie boosted their price objective on CleanSpark from $20.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. cut their price target on shares of CleanSpark from $17.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Needham & Company LLC began coverage on shares of CleanSpark in a report on Wednesday, February 12th. They set a “buy” rating and a $20.00 target price for the company. HC Wainwright reaffirmed a “buy” rating and set a $27.00 price target on shares of CleanSpark in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods initiated coverage on CleanSpark in a research report on Monday, January 27th. They issued an “outperform” rating and a $19.00 price objective on the stock. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $21.57.

CleanSpark Company Profile

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.