1 week Ago By Defense World Staff
Russell Investments Group Ltd. lifted its position in shares of CleanSpark, Inc. ( NASDAQ:CLSK – Free Report ) by 60.
0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,859 shares of the company’s stock after buying an additional 2,196 shares during the quarter. Russell Investments Group Ltd.
’s holdings in CleanSpark were worth $54,000 as of its most recent SEC filing. A number of other institutional investors also recently modified their holdings of CLSK. Compagnie Lombard Odier SCmA bought a new stake in CleanSpark in the 4th quarter valued at about $31,000.
GAMMA Investing LLC boosted its stake in shares of CleanSpark by 962.1% in the fourth quarter. GAMMA Investing LLC now owns 3,951 shares of the company’s stock valued at $36,000 after buying an additional 3,579 shares during the period.
KBC Group NV grew its position in CleanSpark by 36.5% during the fourth quarter. KBC Group NV now owns 10,103 shares of the company’s stock worth $93,000 after buying an additional 2,700 shares in the last quarter.
R Squared Ltd acquired a new stake in CleanSpark during the fourth quarter worth approximately $101,000. Finally, Haven Private LLC bought a new position in CleanSpark during the 4th quarter worth $108,000. Institutional investors own 43.
12% of the company’s stock. Analysts Set New Price Targets Several research firms have recently issued reports on CLSK. HC Wainwright reissued a “buy” rating and set a $27.
00 target price on shares of CleanSpark in a report on Friday, February 7th. JPMorgan Chase & Co. decreased their target price 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 price target for the company. Chardan Capital upgraded shares of CleanSpark to a “strong-buy” rating in a research report on Monday, March 24th.
Finally, Keefe, Bruyette & Woods began coverage on CleanSpark in a research note on Monday, January 27th. They set an “outperform” rating and a $19.00 target price for the company.
Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CleanSpark currently has an average rating of “Buy” and an average price target of $21.
57. Insider Transactions at CleanSpark In related news, CEO Zachary Bradford sold 10,533 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 $112,071.12. Following the sale, the chief executive officer now directly owns 3,059,326 shares in the company, valued at $32,551,228.
64. This trade represents a 0.34 % decrease in their position.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, Chairman S. Matthew Schultz sold 9,010 shares of the company’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 $95,866.40.
Following the completion of the transaction, the chairman now owns 2,450,010 shares of the company’s stock, valued at approximately $26,068,106.40. This trade represents a 0.
37 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last three months, insiders have sold 34,836 shares of company stock worth $335,945.
Insiders own 2.65% of the company’s stock. CleanSpark Price Performance CLSK stock opened at $9.
01 on Friday. CleanSpark, Inc. has a 1 year low of $6.
45 and a 1 year high of $20.64. The stock has a market cap of $2.
53 billion, a price-to-earnings ratio of 81.92 and a beta of 4.12.
The company has a 50 day simple moving average of $7.97 and a 200 day simple moving average of $10.48.
CleanSpark ( NASDAQ:CLSK – Get Free Report ) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.07) EPS for the quarter, beating 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%. On average, equities research analysts anticipate that CleanSpark, Inc.
will post 0.58 EPS for the current fiscal year. CleanSpark Profile ( Free Report ) 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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