Los Angeles Capital Management LLC Purchases 5,010 Shares of CleanSpark, Inc. (NASDAQ:CLSK)

Los Angeles Capital Management LLC boosted its position in shares of CleanSpark, Inc. (NASDAQ:CLSK) by 17.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,760 shares of the company’s stock after buying an additional 5,010 shares during the period. Los Angeles Capital Management LLC’s holdings in CleanSpark were worth $315,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in CleanSpark by 36.8% during the first quarter. Russell Investments Group Ltd. now owns 2,926 shares of the company’s stock valued at $62,000 after buying an additional 787 shares during the last quarter. Hollencrest Capital Management boosted its stake in CleanSpark by 33.3% during the third 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 last quarter. SteelPeak Wealth LLC boosted its stake in CleanSpark by 3.0% during the second quarter. SteelPeak Wealth LLC now owns 36,907 shares of the company’s stock valued at $589,000 after buying an additional 1,066 shares during the last quarter. Amalgamated Bank boosted its stake in CleanSpark by 18.4% during the second quarter. Amalgamated Bank now owns 7,667 shares of the company’s stock valued at $122,000 after buying an additional 1,194 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted 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 purchasing an additional 1,345 shares during the last quarter. 43.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CLSK shares. Macquarie started coverage on CleanSpark in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $20.00 price objective for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $23.00 price objective on shares of CleanSpark in a research note on Thursday, October 3rd. JPMorgan Chase & Co. lowered their price objective on CleanSpark from $12.50 to $10.50 and set a “neutral” rating for the company in a research note on Friday, August 23rd. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $27.00 price objective on shares of CleanSpark in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.42.

Insider Transactions at CleanSpark

In other news, Director Thomas Leigh Wood sold 22,222 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 137,050 shares in the company, valued at approximately $1,266,342. This represents a 13.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 26,272 shares of company stock worth $250,003. 2.99% of the stock is currently owned by company insiders.

CleanSpark Trading Up 0.4 %

Shares of NASDAQ CLSK opened at $14.03 on Monday. The business’s 50 day moving average price is $10.89 and its 200-day moving average price is $13.72. CleanSpark, Inc. has a fifty-two week low of $3.75 and a fifty-two week high of $24.72.

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.