Apollon Wealth Management LLC Purchases Shares of 19,626 CleanSpark, Inc. (NASDAQ:CLSK)

Apollon Wealth Management LLC purchased a new stake in shares of CleanSpark, Inc. (NASDAQ:CLSK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 19,626 shares of the company’s stock, valued at approximately $183,000.

Other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its holdings in shares of CleanSpark by 36.8% in the first quarter. Russell Investments Group Ltd. now owns 2,926 shares of the company’s stock worth $62,000 after buying an additional 787 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of CleanSpark by 39.8% in the first quarter. ProShare Advisors LLC now owns 34,654 shares of the company’s stock worth $735,000 after buying an additional 9,858 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of CleanSpark by 58.5% in the first quarter. Vanguard Group Inc. now owns 12,755,249 shares of the company’s stock worth $270,539,000 after buying an additional 4,706,738 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of CleanSpark by 24.1% in the first quarter. Ameritas Investment Partners Inc. now owns 19,238 shares of the company’s stock worth $408,000 after buying an additional 3,732 shares in the last quarter. Finally, American International Group Inc. lifted its holdings in shares of CleanSpark by 27.7% in the first quarter. American International Group Inc. now owns 95,068 shares of the company’s stock worth $2,016,000 after buying an additional 20,610 shares in the last quarter. Hedge funds and other institutional investors own 43.12% of the company’s stock.

CleanSpark Trading Down 4.6 %

CLSK stock opened at $13.38 on Tuesday. CleanSpark, Inc. has a twelve month low of $4.04 and a twelve month high of $24.72. The firm’s fifty day simple moving average is $10.89 and its two-hundred day simple moving average is $13.70.

Analysts Set New Price Targets

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

Insider Buying and Selling at CleanSpark

In other CleanSpark news, Director Thomas Leigh Wood sold 22,222 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $9.24, for a total transaction of $205,331.28. Following the transaction, the director now owns 137,050 shares in the company, valued at $1,266,342. The trade was a 13.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 26,272 shares of company stock worth $250,003 over the last quarter. Insiders own 2.99% of the company’s stock.

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.