Quantbot Technologies LP Has $1.23 Million Position in CleanSpark, Inc. (NASDAQ:CLSK)

Quantbot Technologies LP lessened its holdings in CleanSpark, Inc. (NASDAQ:CLSK) by 36.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,501 shares of the company’s stock after selling 76,333 shares during the period. Quantbot Technologies LP’s holdings in CleanSpark were worth $1,230,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Kovitz Investment Group Partners LLC lifted its stake in CleanSpark by 85.8% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 184,950 shares of the company’s stock worth $1,727,000 after acquiring an additional 85,388 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of CleanSpark by 10.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,194,835 shares of the company’s stock worth $20,500,000 after purchasing an additional 208,862 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of CleanSpark during the third quarter worth approximately $674,000. Barclays PLC grew its position in CleanSpark by 364.0% during the third quarter. Barclays PLC now owns 389,201 shares of the company’s stock valued at $3,634,000 after purchasing an additional 305,316 shares in the last quarter. Finally, Arete Wealth Advisors LLC acquired a new position in CleanSpark in the 3rd quarter valued at approximately $903,000. Hedge funds and other institutional investors own 43.12% of the company’s stock.

CleanSpark Trading Down 0.7 %

NASDAQ CLSK opened at $8.73 on Wednesday. The company has a market cap of $2.45 billion, a P/E ratio of 79.37 and a beta of 4.20. CleanSpark, Inc. has a 1 year low of $7.22 and a 1 year high of $24.72. The company has a fifty day simple moving average of $9.55 and a 200 day simple moving average of $10.77.

CleanSpark (NASDAQ:CLSK) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.04. CleanSpark had a negative return on equity of 2.61% and a net margin of 16.07%. Equities research analysts forecast that CleanSpark, Inc. will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling at CleanSpark

In other news, Director Amanda Cavaleri sold 13,000 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $7.97, for a total value of $103,610.00. Following the completion of the sale, the director now directly owns 140,289 shares of the company’s stock, valued at approximately $1,118,103.33. This represents a 8.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Zachary Bradford sold 10,533 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $10.64, for a total transaction of $112,071.12. Following the transaction, the chief executive officer now directly owns 3,059,326 shares in the company, valued at $32,551,228.64. This trade represents a 0.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,186 shares of company stock valued at $349,985 in the last 90 days. 2.65% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CLSK shares. Macquarie lifted their target price on shares of CleanSpark from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Needham & Company LLC started coverage on CleanSpark in a research note on Wednesday, February 12th. They issued a “buy” rating and a $20.00 target price on the stock. Keefe, Bruyette & Woods assumed coverage on CleanSpark in a research report on Monday, January 27th. They issued an “outperform” rating and a $19.00 target price on the stock. HC Wainwright reiterated a “buy” rating and set a $27.00 price target on shares of CleanSpark in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. dropped their price objective on CleanSpark from $17.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $21.57.

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.