Victory Capital Management Inc. Increases Stock Holdings in CleanSpark, Inc. (NASDAQ:CLSK)

Victory Capital Management Inc. boosted its stake in CleanSpark, Inc. (NASDAQ:CLSK) by 2.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 67,981 shares of the company’s stock after acquiring an additional 1,709 shares during the quarter. Victory Capital Management Inc.’s holdings in CleanSpark were worth $635,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CLSK. Russell Investments Group Ltd. raised its position in shares of CleanSpark by 36.8% during the 1st quarter. Russell Investments Group Ltd. now owns 2,926 shares of the company’s stock worth $62,000 after purchasing an additional 787 shares during the last quarter. Hollencrest Capital Management increased its stake in CleanSpark by 33.3% during the 3rd quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock worth $37,000 after buying an additional 1,000 shares in the last quarter. SteelPeak Wealth LLC raised its holdings in shares of CleanSpark by 3.0% during the second quarter. SteelPeak Wealth LLC now owns 36,907 shares of the company’s stock valued at $589,000 after acquiring an additional 1,066 shares during the last quarter. Amalgamated Bank lifted its position in shares of CleanSpark by 18.4% in the second quarter. Amalgamated Bank now owns 7,667 shares of the company’s stock valued at $122,000 after acquiring an additional 1,194 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of CleanSpark by 21.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 7,689 shares of the company’s stock worth $75,000 after acquiring an additional 1,345 shares during the last quarter. Hedge funds and other institutional investors own 43.12% of the company’s stock.

CleanSpark Price Performance

Shares of CLSK opened at $13.86 on Friday. CleanSpark, Inc. has a 12-month low of $5.71 and a 12-month high of $24.72. The firm has a 50-day moving average price of $11.76 and a 200 day moving average price of $13.59.

Analyst Upgrades and Downgrades

CLSK has been the subject of several recent research reports. Macquarie assumed coverage on CleanSpark in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $20.00 price objective for the company. HC Wainwright reissued a “buy” rating and issued a $27.00 price target on shares of CleanSpark in a research note on Wednesday, September 25th. JPMorgan Chase & Co. dropped their price objective on shares of CleanSpark from $12.50 to $10.50 and set a “neutral” rating for the company in a research note on Friday, August 23rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $23.00 target price on shares of CleanSpark in a research note on Thursday, October 3rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.42.

Insider Buying and Selling at CleanSpark

In other news, Director Thomas Leigh Wood sold 22,222 shares of CleanSpark stock in a transaction that occurred 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 sale, the director now owns 137,050 shares of the company’s stock, valued at approximately $1,266,342. The trade was a 13.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 24,922 shares of company stock worth $235,463 in the last ninety days. 2.99% of the stock is owned by insiders.

CleanSpark 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.