Taylor Monnig Sells 1,350 Shares of CleanSpark, Inc. (NASDAQ:CLSK) Stock

CleanSpark, Inc. (NASDAQ:CLSK) CTO Taylor Monnig sold 1,350 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $14.35, for a total value of $19,372.50. Following the transaction, the chief technology officer now owns 202,870 shares in the company, valued at approximately $2,911,184.50. This represents a 0.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Taylor Monnig also recently made the following trade(s):

• On Friday, October 25th, Taylor Monnig sold 1,350 shares of CleanSpark stock. The shares were sold at an average price of $11.88, for a total value of $16,038.00.
• On Friday, September 27th, Taylor Monnig sold 1,350 shares of CleanSpark stock. The stock was sold at an average price of $10.44, for a total value of $14,094.00.

CleanSpark Stock Performance

Shares of CleanSpark stock opened at $14.35 on Friday. CleanSpark, Inc. has a 1 year low of $5.73 and a 1 year high of $24.72. The firm’s 50-day simple moving average is $11.86 and its 200-day simple moving average is $13.57.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its position in shares of CleanSpark by 36.8% during the 1st quarter. Russell Investments Group Ltd. now owns 2,926 shares of the company’s stock valued at $62,000 after acquiring an additional 787 shares in the last quarter. Hollencrest Capital Management raised its holdings in shares of CleanSpark by 33.3% during the third quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock worth $37,000 after purchasing an additional 1,000 shares during the period. SteelPeak Wealth LLC lifted its position in shares of CleanSpark by 3.0% in the 2nd quarter. SteelPeak Wealth LLC now owns 36,907 shares of the company’s stock worth $589,000 after buying an additional 1,066 shares during the last quarter. FMR LLC boosted its holdings in shares of CleanSpark by 5.0% in the 3rd quarter. FMR LLC now owns 24,729 shares of the company’s stock valued at $231,000 after buying an additional 1,170 shares during the period. Finally, Amalgamated Bank grew its position in shares of CleanSpark by 18.4% during the 2nd quarter. Amalgamated Bank now owns 7,667 shares of the company’s stock valued at $122,000 after buying an additional 1,194 shares during the last quarter. Institutional investors own 43.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CLSK. Macquarie initiated coverage on shares of CleanSpark in a research note on Wednesday, September 25th. They set an “outperform” rating and a $20.00 price objective on the stock. HC Wainwright reaffirmed a “buy” rating and set a $27.00 price target on shares of CleanSpark in a research note on Wednesday, September 25th. Cantor Fitzgerald reissued an “overweight” rating and issued a $23.00 price objective on shares of CleanSpark in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. dropped their target price on CleanSpark from $12.50 to $10.50 and set a “neutral” rating on the stock in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, CleanSpark has an average rating of “Moderate Buy” and a consensus target price of $21.42.

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.