28,100 Shares in CleanSpark, Inc. (NASDAQ:CLSK) Acquired by Stevens Capital Management LP

Stevens Capital Management LP acquired a new stake in CleanSpark, Inc. (NASDAQ:CLSK) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 28,100 shares of the company’s stock, valued at approximately $259,000.

A number of other large investors also recently modified their holdings of the company. Compagnie Lombard Odier SCmA acquired a new position in shares of CleanSpark during the fourth quarter worth $31,000. GAMMA Investing LLC boosted its position in shares of CleanSpark by 962.1% during the 4th quarter. GAMMA Investing LLC now owns 3,951 shares of the company’s stock worth $36,000 after acquiring an additional 3,579 shares in the last quarter. KBC Group NV increased its holdings in shares of CleanSpark by 36.5% in the 4th quarter. KBC Group NV now owns 10,103 shares of the company’s stock valued at $93,000 after acquiring an additional 2,700 shares during the last quarter. R Squared Ltd acquired a new stake in shares of CleanSpark during the 4th quarter worth about $101,000. Finally, Haven Private LLC purchased a new stake in CleanSpark during the fourth quarter worth approximately $108,000. 43.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CLSK shares. Macquarie increased their price target on shares of CleanSpark from $20.00 to $24.00 and gave the company an “outperform” rating in a research note 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 research note on Thursday, March 13th. HC Wainwright restated a “buy” rating and issued a $27.00 price objective on shares of CleanSpark in a research note on Friday, February 7th. Keefe, Bruyette & Woods assumed coverage on CleanSpark in a research report on Monday, January 27th. They set an “outperform” rating and a $19.00 target price on the stock. Finally, Needham & Company LLC initiated coverage on CleanSpark in a report on Wednesday, February 12th. They issued a “buy” rating and a $20.00 target price for the company. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $21.57.

Insider Buying and Selling

In other CleanSpark news, Director Amanda Cavaleri sold 13,000 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $7.97, for a total transaction of $103,610.00. Following the completion of the transaction, the director now owns 140,289 shares in the company, valued at approximately $1,118,103.33. This represents a 8.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman S. Matthew Schultz sold 9,010 shares of CleanSpark stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $10.64, for a total transaction of $95,866.40. Following the completion of the sale, the chairman now directly owns 2,450,010 shares in the company, valued at approximately $26,068,106.40. The trade was a 0.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,186 shares of company stock valued at $349,985 over the last three months. 2.65% of the stock is currently owned by company insiders.

CleanSpark Stock Performance

Shares of CLSK opened at $8.79 on Tuesday. CleanSpark, Inc. has a fifty-two week low of $7.22 and a fifty-two week high of $24.72. The firm has a 50-day simple moving average of $9.58 and a 200-day simple moving average of $10.76. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 79.92 and a beta of 4.20.

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

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.