State of New Jersey Common Pension Fund D Acquires 54,169 Shares of CleanSpark, Inc. (NASDAQ:CLSK)

State of New Jersey Common Pension Fund D raised its holdings in CleanSpark, Inc. (NASDAQ:CLSK) by 49.7% during the third quarter, Holdings Channel reports. The institutional investor owned 163,123 shares of the company’s stock after buying an additional 54,169 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in CleanSpark were worth $1,524,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its position in CleanSpark by 36.8% in the 1st quarter. Russell Investments Group Ltd. now owns 2,926 shares of the company’s stock valued at $62,000 after acquiring an additional 787 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of CleanSpark by 39.8% during the first quarter. ProShare Advisors LLC now owns 34,654 shares of the company’s stock valued at $735,000 after buying an additional 9,858 shares during the last quarter. Vanguard Group Inc. grew its holdings in CleanSpark by 58.5% during the first quarter. Vanguard Group Inc. now owns 12,755,249 shares of the company’s stock worth $270,539,000 after buying an additional 4,706,738 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in CleanSpark by 24.1% in the 1st quarter. Ameritas Investment Partners Inc. now owns 19,238 shares of the company’s stock valued at $408,000 after buying an additional 3,732 shares during the last quarter. Finally, American International Group Inc. lifted its stake in CleanSpark by 27.7% during the 1st quarter. American International Group Inc. now owns 95,068 shares of the company’s stock valued at $2,016,000 after acquiring an additional 20,610 shares in the last quarter. 43.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CleanSpark

In other news, Director Thomas Leigh Wood sold 22,222 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $9.24, for a total value of $205,331.28. Following the completion of the transaction, the director now directly owns 137,050 shares of the company’s stock, valued at $1,266,342. This trade represents a 13.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 26,272 shares of company stock worth $250,003 over the last quarter. Corporate insiders own 2.99% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $23.00 target price on shares of CleanSpark in a report on Thursday, October 3rd. JPMorgan Chase & Co. dropped their target price on shares of CleanSpark from $12.50 to $10.50 and set a “neutral” rating on the stock in a research report on Friday, August 23rd. Macquarie assumed coverage on CleanSpark in a report on Wednesday, September 25th. They issued an “outperform” rating and a $20.00 target price for the company. Finally, HC Wainwright reiterated a “buy” rating and set a $27.00 price target on shares of CleanSpark in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $21.42.

CleanSpark Stock Down 4.6 %

NASDAQ:CLSK opened at $13.38 on Tuesday. CleanSpark, Inc. has a 12 month low of $4.04 and a 12 month high of $24.72. The firm’s 50 day moving average is $10.89 and its 200 day moving average is $13.70.

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.