Zurcher Kantonalbank Zurich Cantonalbank Buys 15,162 Shares of CleanSpark, Inc. (NASDAQ:CLSK)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of CleanSpark, Inc. (NASDAQ:CLSK) by 73.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,884 shares of the company’s stock after purchasing an additional 15,162 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CleanSpark were worth $396,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vontobel Holding Ltd. raised its holdings in shares of CleanSpark by 72.8% in the 4th quarter. Vontobel Holding Ltd. now owns 42,744 shares of the company’s stock valued at $471,000 after purchasing an additional 18,011 shares during the period. Redwood Wealth Management Group LLC boosted its stake in shares of CleanSpark by 19.0% during the 4th quarter. Redwood Wealth Management Group LLC now owns 44,780 shares of the company’s stock worth $494,000 after acquiring an additional 7,150 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of CleanSpark by 119.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,757,431 shares of the company’s stock worth $19,384,000 after acquiring an additional 957,372 shares during the period. Arizona State Retirement System increased its holdings in shares of CleanSpark by 40.0% during the 4th quarter. Arizona State Retirement System now owns 42,671 shares of the company’s stock worth $471,000 after acquiring an additional 12,190 shares during the last quarter. Finally, Bellecapital International Ltd. bought a new stake in CleanSpark in the 4th quarter valued at $215,000. Institutional investors and hedge funds own 43.12% of the company’s stock.

Insider Activity

In other news, Director Roger Paul Beynon sold 10,976 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $17.85, for a total transaction of $195,921.60. Following the sale, the director now directly owns 141,381 shares in the company, valued at $2,523,650.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Chairman S. Matthew Schultz sold 322,400 shares of CleanSpark stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $20.95, for a total transaction of $6,754,280.00. Following the completion of the transaction, the chairman now owns 2,698,768 shares of the company’s stock, valued at $56,539,189.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Roger Paul Beynon sold 10,976 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $17.85, for a total transaction of $195,921.60. Following the sale, the director now directly owns 141,381 shares in the company, valued at approximately $2,523,650.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,169,620 shares of company stock worth $24,963,509. 3.46% of the stock is currently owned by corporate insiders.

CleanSpark Trading Up 1.3 %

NASDAQ:CLSK opened at $16.15 on Friday. CleanSpark, Inc. has a fifty-two week low of $3.38 and a fifty-two week high of $24.72. The stock has a fifty day moving average price of $17.77 and a 200-day moving average price of $11.75.

CleanSpark (NASDAQ:CLSK) last posted its quarterly earnings data on Thursday, February 8th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.26. The business had revenue of $73.79 million during the quarter, compared to analysts’ expectations of $66.06 million. CleanSpark had a negative net margin of 38.09% and a negative return on equity of 16.25%. Analysts expect that CleanSpark, Inc. will post -0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. HC Wainwright reiterated a “buy” rating and issued a $27.00 price objective on shares of CleanSpark in a report on Monday, April 15th. TheStreet raised shares of CleanSpark from a “d” rating to a “c-” rating in a report on Friday, February 9th. BTIG Research boosted their price objective on CleanSpark from $12.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Cantor Fitzgerald increased their target price on CleanSpark from $10.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Finally, Chardan Capital boosted their price target on CleanSpark from $13.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, March 4th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.22.

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.