Public Sector Pension Investment Board Increases Stock Position in Cleanspark, Inc. $CLSK

Public Sector Pension Investment Board lifted its position in shares of Cleanspark, Inc. (NASDAQ:CLSK) by 15.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,096,430 shares of the company’s stock after buying an additional 148,196 shares during the period. Public Sector Pension Investment Board owned approximately 0.37% of Cleanspark worth $15,898,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CLSK. Smartleaf Asset Management LLC increased its stake in Cleanspark by 38.9% during the third quarter. Smartleaf Asset Management LLC now owns 2,660 shares of the company’s stock worth $40,000 after acquiring an additional 745 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Cleanspark by 7.8% during the 3rd quarter. GAMMA Investing LLC now owns 12,915 shares of the company’s stock worth $187,000 after purchasing an additional 932 shares during the period. Hantz Financial Services Inc. increased its position in Cleanspark by 115.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock worth $25,000 after purchasing an additional 937 shares in the last quarter. Arizona State Retirement System increased its position in Cleanspark by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 83,134 shares of the company’s stock worth $1,205,000 after purchasing an additional 1,183 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in Cleanspark by 1.7% in the third quarter. Vontobel Holding Ltd. now owns 72,191 shares of the company’s stock valued at $1,047,000 after buying an additional 1,236 shares during the period. Institutional investors and hedge funds own 43.12% of the company’s stock.

Insider Activity at Cleanspark

In other Cleanspark news, Director Amanda Cavaleri sold 33,000 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $15.02, for a total transaction of $495,660.00. Following the completion of the sale, the director owned 107,289 shares in the company, valued at approximately $1,611,480.78. The trade was a 23.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas Leigh Wood sold 85,315 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $11.69, for a total transaction of $997,332.35. Following the completion of the sale, the director directly owned 41,421 shares of the company’s stock, valued at $484,211.49. The trade was a 67.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.08% of the stock is currently owned by corporate insiders.

Cleanspark Stock Performance

Shares of CLSK stock opened at $9.85 on Friday. The stock’s fifty day simple moving average is $11.88 and its 200-day simple moving average is $12.90. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of -9.21 and a beta of 3.47. Cleanspark, Inc. has a 1-year low of $6.45 and a 1-year high of $23.61. The company has a current ratio of 10.54, a quick ratio of 10.54 and a debt-to-equity ratio of 1.29.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Cleanspark from a “neutral” rating to an “overweight” rating and set a $14.00 price objective for the company in a research note on Monday, November 24th. Weiss Ratings downgraded Cleanspark from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 9th. Keefe, Bruyette & Woods lowered their price target on shares of Cleanspark from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, February 9th. Wall Street Zen lowered shares of Cleanspark from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Finally, Northland Securities assumed coverage on Cleanspark in a research report on Tuesday, January 13th. They set an “outperform” rating and a $22.50 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.70.

About Cleanspark

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.