CleanSpark, Inc. (NASDAQ:CLSK) Shares Bought by Doliver Advisors LP

Doliver Advisors LP increased its position in CleanSpark, Inc. (NASDAQ:CLSK) by 59.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,000 shares of the company’s stock after buying an additional 7,470 shares during the quarter. Doliver Advisors LP’s holdings in CleanSpark were worth $184,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. 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 valued at $36,000 after purchasing an additional 3,579 shares in the last quarter. Hollencrest Capital Management grew its position in CleanSpark by 33.3% in the third quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock worth $37,000 after buying an additional 1,000 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of CleanSpark by 470.9% in the second quarter. National Bank of Canada FI now owns 2,569 shares of the company’s stock valued at $41,000 after buying an additional 2,119 shares in the last quarter. KBC Group NV lifted its position in shares of CleanSpark by 42.0% during the 3rd quarter. KBC Group NV now owns 7,403 shares of the company’s stock valued at $69,000 after acquiring an additional 2,190 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of CleanSpark by 21.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,689 shares of the company’s stock worth $75,000 after acquiring an additional 1,345 shares in the last quarter. Institutional investors own 43.12% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. upgraded CleanSpark from a “neutral” rating to an “overweight” rating and increased their price target for the company from $10.50 to $17.00 in a research report on Tuesday, December 10th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $23.00 target price on shares of CleanSpark in a report on Thursday, October 3rd. HC Wainwright restated a “buy” rating and set a $27.00 price target on shares of CleanSpark in a report on Tuesday, December 3rd. Finally, Macquarie raised their price objective on shares of CleanSpark from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $23.17.

CleanSpark Stock Performance

CLSK stock opened at $11.43 on Tuesday. The firm has a 50 day simple moving average of $12.58 and a 200 day simple moving average of $12.53. CleanSpark, Inc. has a 52 week low of $6.41 and a 52 week high of $24.72. The stock has a market cap of $3.34 billion, a P/E ratio of -19.71 and a beta of 4.26.

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.