SG Americas Securities LLC lowered its stake in CleanSpark, Inc. (NASDAQ:CLSK – Free Report) by 12.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 162,122 shares of the company’s stock after selling 23,432 shares during the period. SG Americas Securities LLC’s holdings in CleanSpark were worth $1,493,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its position in 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 during the last quarter. Hollencrest Capital Management grew its holdings in shares of 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 purchasing an additional 1,000 shares during the last quarter. KBC Group NV grew its holdings in shares of CleanSpark by 42.0% in the third quarter. KBC Group NV now owns 7,403 shares of the company’s stock worth $69,000 after purchasing an additional 2,190 shares during the last quarter. Amalgamated Bank increased its stake in shares of CleanSpark by 18.4% in the second quarter. Amalgamated Bank now owns 7,667 shares of the company’s stock worth $122,000 after buying an additional 1,194 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in CleanSpark by 21.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,689 shares of the company’s stock valued at $75,000 after buying an additional 1,345 shares during the last quarter. Institutional investors own 43.12% of the company’s stock.
Analyst Ratings Changes
CLSK has been the topic of a number of recent analyst reports. Macquarie raised their price target on shares of CleanSpark from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. HC Wainwright reissued a “buy” rating and issued a $27.00 target price on shares of CleanSpark in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. raised CleanSpark from a “neutral” rating to an “overweight” rating and upped 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 price objective on shares of CleanSpark in a research report on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods began coverage on CleanSpark in a report on Monday. They set an “outperform” rating and a $19.00 target price for the company. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $22.57.
CleanSpark Stock Down 10.6 %
CLSK opened at $10.31 on Tuesday. CleanSpark, Inc. has a 52 week low of $7.64 and a 52 week high of $24.72. The stock has a market cap of $3.02 billion, a PE ratio of -17.78 and a beta of 4.26. The business has a 50 day moving average of $11.95 and a 200-day moving average of $12.00.
CleanSpark (NASDAQ:CLSK – Get Free Report) last announced its quarterly earnings data on Monday, December 2nd. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.02). CleanSpark had a negative net margin of 38.47% and a negative return on equity of 2.36%. Equities analysts anticipate that CleanSpark, Inc. will post 0.18 EPS for the current year.
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.
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