Cleanspark, Inc. $CLSK Shares Bought by Shariaportfolio Inc.

Shariaportfolio Inc. grew its stake in shares of Cleanspark, Inc. (NASDAQ:CLSK) by 41.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 784,787 shares of the company’s stock after acquiring an additional 229,010 shares during the period. Cleanspark comprises about 3.3% of Shariaportfolio Inc.’s holdings, making the stock its 9th biggest position. Shariaportfolio Inc. owned about 0.31% of Cleanspark worth $7,942,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Cleanspark by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 26,051,850 shares of the company’s stock valued at $377,752,000 after acquiring an additional 769,148 shares during the period. Invesco Ltd. lifted its position in shares of Cleanspark by 22.1% during the 3rd quarter. Invesco Ltd. now owns 4,482,527 shares of the company’s stock valued at $64,997,000 after acquiring an additional 810,203 shares during the period. Tidal Investments LLC lifted its position in shares of Cleanspark by 13.3% during the 3rd quarter. Tidal Investments LLC now owns 4,366,437 shares of the company’s stock valued at $63,313,000 after acquiring an additional 514,062 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Cleanspark by 57.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,311,221 shares of the company’s stock valued at $62,521,000 after acquiring an additional 1,564,761 shares during the period. Finally, Voloridge Investment Management LLC acquired a new stake in shares of Cleanspark during the 3rd quarter valued at approximately $56,056,000. 43.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CLSK. Needham & Company LLC cut their price objective on Cleanspark from $25.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Zacks Research upgraded Cleanspark from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Chardan Capital cut their price objective on Cleanspark from $30.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Maxim Group began coverage on Cleanspark in a research report on Thursday, January 8th. They set a “buy” rating and a $22.00 price objective for the company. Finally, Cantor Fitzgerald cut their price objective on Cleanspark from $21.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.60.

Cleanspark Stock Up 3.5%

CLSK stock opened at $9.10 on Tuesday. The stock has a market capitalization of $2.33 billion, a P/E ratio of -8.50 and a beta of 3.53. The company has a debt-to-equity ratio of 1.29, a quick ratio of 10.54 and a current ratio of 10.54. Cleanspark, Inc. has a one year low of $6.45 and a one year high of $23.61. The company has a 50 day moving average price of $9.95 and a two-hundred day moving average price of $12.80.

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.