CleanSpark, Inc. (NASDAQ:CLSK) Shares Bought by Shariaportfolio Inc.

Shariaportfolio Inc. grew its stake in CleanSpark, Inc. (NASDAQ:CLSK) by 18.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 771,810 shares of the company’s stock after buying an additional 118,317 shares during the quarter. CleanSpark accounts for approximately 3.4% of Shariaportfolio Inc.’s portfolio, making the stock its 9th biggest position. Shariaportfolio Inc. owned approximately 0.27% of CleanSpark worth $7,108,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new position in shares of 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 4th 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. Hollencrest Capital Management boosted its stake in shares of CleanSpark by 33.3% in the 3rd quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock valued at $37,000 after buying an additional 1,000 shares during the period. KBC Group NV boosted its stake in shares of CleanSpark by 42.0% in the 3rd quarter. KBC Group NV now owns 7,403 shares of the company’s stock valued at $69,000 after buying an additional 2,190 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of CleanSpark by 21.2% in 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 period. Hedge funds and other institutional investors own 43.12% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CLSK. Keefe, Bruyette & Woods began coverage on CleanSpark in a research note on Monday, January 27th. They issued an “outperform” rating and a $19.00 price objective for the company. JPMorgan Chase & Co. upgraded CleanSpark from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $10.50 to $17.00 in a research note on Tuesday, December 10th. Macquarie boosted their target price on CleanSpark from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Needham & Company LLC began coverage on CleanSpark in a research note on Wednesday, February 12th. They set a “buy” rating and a $20.00 target price for the company. Finally, HC Wainwright restated a “buy” rating and set a $27.00 target price on shares of CleanSpark in a research note on Friday, February 7th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CleanSpark presently has a consensus rating of “Buy” and an average target price of $22.25.

CleanSpark Trading Down 8.1 %

Shares of NASDAQ CLSK opened at $9.25 on Monday. CleanSpark, Inc. has a twelve month low of $8.04 and a twelve month high of $24.72. The stock has a 50 day moving average of $10.61 and a two-hundred day moving average of $11.21. The stock has a market cap of $2.60 billion, a P/E ratio of 84.05 and a beta of 4.24.

CleanSpark (NASDAQ:CLSK) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.07) earnings per share 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%. As a group, research analysts predict that CleanSpark, Inc. will post 0.58 earnings per share for the current year.

Insider Buying and Selling at CleanSpark

In other news, Chairman S. Matthew Schultz sold 9,010 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $10.64, for a total value of $95,866.40. Following the transaction, the chairman now owns 2,450,010 shares of the company’s stock, valued at approximately $26,068,106.40. The trade was a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Zachary Bradford sold 10,533 shares of the business’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 value of $112,071.12. Following the completion of the transaction, the chief executive officer now directly owns 3,059,326 shares in the company, valued at approximately $32,551,228.64. The trade was a 0.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,536 shares of company stock worth $265,748. 2.65% 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.