25,019 Shares in CleanSpark, Inc. (NASDAQ:CLSK) Purchased by OLD Mission Capital LLC

OLD Mission Capital LLC bought a new stake in shares of CleanSpark, Inc. (NASDAQ:CLSK) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 25,019 shares of the company’s stock, valued at approximately $230,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC increased its stake in shares of CleanSpark by 5.0% during the third quarter. FMR LLC now owns 24,729 shares of the company’s stock valued at $231,000 after acquiring an additional 1,170 shares during the period. Prudential Financial Inc. increased its position in shares of CleanSpark by 9.1% during the 4th quarter. Prudential Financial Inc. now owns 16,835 shares of the company’s stock valued at $155,000 after purchasing an additional 1,405 shares during the period. Corebridge Financial Inc. raised its stake in shares of CleanSpark by 1.2% in the 4th quarter. Corebridge Financial Inc. now owns 123,723 shares of the company’s stock worth $1,139,000 after buying an additional 1,507 shares in the last quarter. Sigma Planning Corp lifted its holdings in shares of CleanSpark by 11.9% in the fourth quarter. Sigma Planning Corp now owns 17,518 shares of the company’s stock valued at $161,000 after buying an additional 1,865 shares during the period. Finally, KBC Group NV boosted its stake in CleanSpark by 36.5% during the fourth quarter. KBC Group NV now owns 10,103 shares of the company’s stock valued at $93,000 after buying an additional 2,700 shares in the last quarter. 43.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on CLSK. Keefe, Bruyette & Woods started coverage on shares of CleanSpark in a report on Monday, January 27th. They issued an “outperform” rating and a $19.00 price target for the company. Chardan Capital raised shares of CleanSpark to a “strong-buy” rating in a research note on Monday, March 24th. JPMorgan Chase & Co. decreased their price target on shares of CleanSpark from $17.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. HC Wainwright reaffirmed a “buy” rating and issued a $27.00 price target on shares of CleanSpark in a report on Friday, February 7th. Finally, Needham & Company LLC initiated coverage on CleanSpark in a research note on Wednesday, February 12th. They set a “buy” rating and a $20.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $21.57.

Insiders Place Their Bets

In other news, Chairman S. Matthew Schultz sold 9,010 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $10.64, for a total value of $95,866.40. Following the completion of the sale, the chairman now directly owns 2,450,010 shares of the company’s stock, valued at $26,068,106.40. This represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Zachary Bradford sold 10,533 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $10.64, for a total transaction of $112,071.12. Following the transaction, the chief executive officer now directly owns 3,059,326 shares in the company, valued at $32,551,228.64. The trade was a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,836 shares of company stock worth $335,945. 2.65% of the stock is currently owned by company insiders.

CleanSpark Stock Performance

Shares of NASDAQ:CLSK opened at $7.43 on Tuesday. CleanSpark, Inc. has a 52 week low of $6.45 and a 52 week high of $21.39. The company has a market cap of $2.09 billion, a PE ratio of 67.55 and a beta of 4.12. The firm has a 50 day simple moving average of $8.87 and a 200 day simple moving average of $10.66.

CleanSpark (NASDAQ:CLSK) last released its earnings results on Thursday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. CleanSpark had a negative return on equity of 2.61% and a net margin of 16.07%. On average, equities analysts predict that CleanSpark, Inc. will post 0.58 earnings per share for the current year.

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.