Cleanspark, Inc. $CLSK Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC lifted its stake in shares of Cleanspark, Inc. (NASDAQ:CLSK) by 214.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 512,476 shares of the company’s stock after buying an additional 349,658 shares during the quarter. Cleanspark accounts for about 0.8% of Headlands Technologies LLC’s holdings, making the stock its 17th biggest holding. Headlands Technologies LLC’s holdings in Cleanspark were worth $7,457,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. CoreCap Advisors LLC raised its stake in Cleanspark by 16.8% during the second quarter. CoreCap Advisors LLC now owns 5,565 shares of the company’s stock valued at $81,000 after buying an additional 800 shares in the last quarter. KBC Group NV grew its position in shares of Cleanspark by 10.7% in the 1st quarter. KBC Group NV now owns 8,574 shares of the company’s stock worth $73,000 after acquiring an additional 828 shares in the last quarter. Cresset Asset Management LLC grew its position in shares of Cleanspark by 4.9% in the 2nd quarter. Cresset Asset Management LLC now owns 26,924 shares of the company’s stock worth $297,000 after acquiring an additional 1,248 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in shares of Cleanspark by 11.0% in the 3rd quarter. CreativeOne Wealth LLC now owns 16,893 shares of the company’s stock valued at $245,000 after acquiring an additional 1,680 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Cleanspark by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 117,823 shares of the company’s stock valued at $1,708,000 after acquiring an additional 1,727 shares during the last quarter. 43.12% of the stock is currently owned by institutional investors and hedge funds.

Cleanspark Price Performance

NASDAQ CLSK opened at $11.66 on Monday. Cleanspark, Inc. has a 1 year low of $8.00 and a 1 year high of $23.61. The business’s fifty day moving average is $13.46 and its two-hundred day moving average is $12.69. The stock has a market capitalization of $2.99 billion, a P/E ratio of -3.09 and a beta of 3.86. The company has a debt-to-equity ratio of 2.34, a quick ratio of 2.11 and a current ratio of 5.91.

Cleanspark (NASDAQ:CLSK) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.47) by ($0.42). The company had revenue of $138.01 million for the quarter, compared to the consensus estimate of $142.37 million. Cleanspark had a negative return on equity of 18.63% and a negative net margin of 146.90%.The business’s revenue was down 30.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.90 earnings per share. On average, research analysts forecast that Cleanspark, Inc. will post -1.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CLSK shares. B. Riley Financial increased their price objective on shares of Cleanspark from $19.00 to $26.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Chardan Capital reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Cleanspark in a report on Monday, August 10th. Zacks Research raised Cleanspark from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Citizens Jmp began coverage on shares of Cleanspark in a report on Wednesday, June 24th. They issued a “market outperform” rating and a $27.00 price target for the company. Finally, HC Wainwright restated a “buy” rating on shares of Cleanspark in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.88.

Cleanspark Company Profile

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.