CleanSpark, Inc. (NASDAQ:CLSK – Get Free Report) CTO Taylor Monnig sold 1,350 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $11.88, for a total value of $16,038.00. Following the transaction, the chief technology officer now directly owns 204,220 shares of the company’s stock, valued at $2,426,133.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Taylor Monnig also recently made the following trade(s):
- On Friday, September 27th, Taylor Monnig sold 1,350 shares of CleanSpark stock. The shares were sold at an average price of $10.44, for a total value of $14,094.00.
- On Friday, August 30th, Taylor Monnig sold 1,350 shares of CleanSpark stock. The shares were sold at an average price of $10.77, for a total value of $14,539.50.
CleanSpark Stock Down 4.8 %
Shares of NASDAQ CLSK opened at $11.39 on Friday. The stock’s fifty day moving average price is $10.19 and its two-hundred day moving average price is $14.13. CleanSpark, Inc. has a one year low of $3.46 and a one year high of $24.72.
Wall Street Analysts Forecast Growth
CLSK has been the subject of several recent research reports. Cantor Fitzgerald reissued an “overweight” rating and set a $23.00 price target on shares of CleanSpark in a research report on Thursday, October 3rd. JPMorgan Chase & Co. cut their price objective on CleanSpark from $12.50 to $10.50 and set a “neutral” rating for the company in a research report on Friday, August 23rd. HC Wainwright reaffirmed a “buy” rating and issued a $27.00 price objective on shares of CleanSpark in a research report on Wednesday, September 25th. Finally, Macquarie initiated coverage on CleanSpark in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $20.00 price objective for the company. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $19.11.
Get Our Latest Report on CleanSpark
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position 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. Marshall Wace LLP acquired a new stake in shares of CleanSpark during the 2nd quarter worth $18,074,000. Millennium Management LLC increased its position in shares of CleanSpark by 74.6% in the second quarter. Millennium Management LLC now owns 1,251,278 shares of the company’s stock worth $19,958,000 after purchasing an additional 534,825 shares during the period. Bank of New York Mellon Corp raised its stake in CleanSpark by 32.8% in the second quarter. Bank of New York Mellon Corp now owns 871,793 shares of the company’s stock valued at $13,905,000 after purchasing an additional 215,124 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in CleanSpark by 45.7% during the third quarter. Exchange Traded Concepts LLC now owns 568,086 shares of the company’s stock worth $5,306,000 after purchasing an additional 178,117 shares during the period. 43.12% of the stock is owned by institutional investors.
About CleanSpark
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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