Landscape Capital Management L.L.C. Takes $3.50 Million Position in Cleanspark, Inc. $CLSK

Landscape Capital Management L.L.C. purchased a new stake in Cleanspark, Inc. (NASDAQ:CLSK) in the fourth quarter, Holdings Channel.com reports. The fund purchased 345,766 shares of the company’s stock, valued at approximately $3,499,000.

A number of other large investors have also made changes to their positions in the stock. Dockside LLC purchased a new position in shares of Cleanspark in the 4th quarter valued at about $264,000. Barclays PLC grew its stake in Cleanspark by 18.5% in the 4th quarter. Barclays PLC now owns 2,534,090 shares of the company’s stock valued at $25,645,000 after acquiring an additional 396,421 shares during the last quarter. Marshall Wace LLP acquired a new stake in Cleanspark in the 4th quarter valued at about $7,905,000. Absolute Gestao de Investimentos Ltda. purchased a new position in Cleanspark during the 4th quarter valued at about $200,000. Finally, Bridgewater Associates LP raised its position in Cleanspark by 534.4% during the fourth quarter. Bridgewater Associates LP now owns 410,119 shares of the company’s stock worth $4,150,000 after acquiring an additional 345,474 shares during the last quarter. Hedge funds and other institutional investors own 43.12% of the company’s stock.

Cleanspark Price Performance

CLSK opened at $16.48 on Monday. The company’s 50 day simple moving average is $13.69 and its 200 day simple moving average is $12.14. The company has a debt-to-equity ratio of 1.81, a quick ratio of 8.26 and a current ratio of 8.26. Cleanspark, Inc. has a 1 year low of $8.00 and a 1 year high of $23.61. The stock has a market capitalization of $4.23 billion, a PE ratio of -7.85 and a beta of 3.79.

Cleanspark (NASDAQ:CLSK) last released its earnings results on Monday, May 11th. The company reported ($1.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($1.27). Cleanspark had a positive return on equity of 7.07% and a negative net margin of 67.66%.The company had revenue of $136.41 million during the quarter, compared to analyst estimates of $145.36 million. During the same period in the prior year, the business posted ($0.49) earnings per share. Cleanspark’s revenue was down 24.9% on a year-over-year basis. As a group, sell-side analysts expect that Cleanspark, Inc. will post -1.19 EPS for the current year.

Wall Street Analysts Forecast Growth

CLSK has been the topic of several research reports. Keefe, Bruyette & Woods increased their price target on shares of Cleanspark from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Chardan Capital raised their price objective on shares of Cleanspark from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Zacks Research lowered Cleanspark from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Weiss Ratings lowered Cleanspark from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, May 22nd. Finally, Maxim Group upped their target price on Cleanspark from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Cleanspark presently has an average rating of “Moderate Buy” and an average price target of $20.67.

About Cleanspark

CleanSpark, Inc (NASDAQ: CLSK) is a leading energy software and services company specializing in advanced microgrid controls and distributed energy resource (DER) management. The firm develops proprietary software platforms designed to optimize power flows across on-grid and off-grid installations, integrating renewable generation, battery storage, and traditional generation assets. CleanSpark’s technology is used by utilities, commercial and industrial enterprises, and remote facilities seeking to enhance energy resilience, reduce operating costs, and achieve sustainability goals.

In addition to its core software offerings, CleanSpark provides end-to-end engineering, procurement and construction (EPC) services.