SBI Securities Co. Ltd. Sells 13,056 Shares of Cleanspark, Inc. $CLSK

SBI Securities Co. Ltd. decreased its position in Cleanspark, Inc. (NASDAQ:CLSK) by 9.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 125,750 shares of the company’s stock after selling 13,056 shares during the period. SBI Securities Co. Ltd.’s holdings in Cleanspark were worth $1,387,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Nuveen LLC purchased a new position in shares of Cleanspark in the first quarter worth about $8,109,000. Public Sector Pension Investment Board bought a new position in Cleanspark in the 1st quarter worth approximately $5,925,000. Rhumbline Advisers grew its stake in Cleanspark by 115.8% in the 1st quarter. Rhumbline Advisers now owns 720,903 shares of the company’s stock valued at $4,844,000 after buying an additional 386,809 shares in the last quarter. Swiss National Bank raised its holdings in Cleanspark by 13.8% during the 1st quarter. Swiss National Bank now owns 566,800 shares of the company’s stock valued at $3,809,000 after acquiring an additional 68,900 shares during the period. Finally, Mutual of America Capital Management LLC purchased a new stake in shares of Cleanspark during the first quarter worth $272,000. 43.12% of the stock is owned by hedge funds and other institutional investors.

Cleanspark Stock Performance

CLSK stock opened at $13.33 on Thursday. The company has a market capitalization of $3.97 billion, a PE ratio of 15.68 and a beta of 3.79. Cleanspark, Inc. has a one year low of $6.45 and a one year high of $23.61. The company’s 50 day moving average price is $15.61 and its two-hundred day moving average price is $12.09.

Insider Transactions at Cleanspark

In other news, COO Taylor Monnig sold 63,713 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $9.12, for a total transaction of $581,062.56. Following the transaction, the chief operating officer directly owned 120,337 shares of the company’s stock, valued at approximately $1,097,473.44. This trade represents a 34.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.65% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Cleanspark in a research note on Wednesday, October 8th. Cantor Fitzgerald dropped their price objective on Cleanspark from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Wall Street Zen upgraded Cleanspark from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. B. Riley raised their price target on Cleanspark from $17.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Finally, HC Wainwright set a $30.00 price objective on Cleanspark and gave the stock a “buy” rating in a report on Wednesday, October 29th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.02.

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.