Cleanspark, Inc. $CLSK Stock Holdings Lifted by Stevens Capital Management LP

Stevens Capital Management LP increased its position in shares of Cleanspark, Inc. (NASDAQ:CLSK) by 537.6% during the third quarter, Holdings Channel reports. The fund owned 123,081 shares of the company’s stock after acquiring an additional 103,778 shares during the quarter. Stevens Capital Management LP’s holdings in Cleanspark were worth $1,785,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CLSK. Vanguard Group Inc. lifted its holdings in shares of Cleanspark by 3.0% in the third quarter. Vanguard Group Inc. now owns 26,051,850 shares of the company’s stock valued at $377,752,000 after purchasing an additional 769,148 shares in the last quarter. Geode Capital Management LLC raised its position in Cleanspark by 1.4% during the second quarter. Geode Capital Management LLC now owns 7,536,772 shares of the company’s stock valued at $83,139,000 after buying an additional 101,401 shares during the period. Invesco Ltd. lifted its stake in Cleanspark by 2.1% in the 2nd quarter. Invesco Ltd. now owns 3,672,324 shares of the company’s stock worth $40,506,000 after acquiring an additional 74,922 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Cleanspark by 54.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,781,191 shares of the company’s stock worth $19,647,000 after acquiring an additional 631,662 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Cleanspark by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,682,416 shares of the company’s stock worth $18,557,000 after acquiring an additional 103,139 shares during the period. Institutional investors and hedge funds own 43.12% of the company’s stock.

Insider Activity at Cleanspark

In other news, Director Thomas Leigh Wood sold 85,315 shares of the firm’s stock in a transaction 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 transaction, the director owned 41,421 shares in the company, valued at approximately $484,211.49. This trade represents a 67.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amanda Cavaleri sold 33,000 shares of Cleanspark 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 directly owned 107,289 shares of the company’s stock, valued at approximately $1,611,480.78. The trade was a 23.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.08% of the company’s stock.

Cleanspark Trading Down 1.7%

NASDAQ:CLSK opened at $9.65 on Friday. The stock’s 50 day moving average price is $11.40 and its 200 day moving average price is $12.84. Cleanspark, Inc. has a 52 week low of $6.45 and a 52 week high of $23.61. The company has a market capitalization of $2.47 billion, a P/E ratio of -9.02 and a beta of 3.47. The company has a debt-to-equity ratio of 1.29, a quick ratio of 10.54 and a current ratio of 10.54.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CLSK shares. JPMorgan Chase & Co. upgraded Cleanspark from a “neutral” rating to an “overweight” rating and set a $14.00 target price on the stock in a report on Monday, November 24th. Macquarie Infrastructure lowered their price objective on shares of Cleanspark from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Cantor Fitzgerald cut their target price on shares of Cleanspark from $21.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Northland Securities started coverage on shares of Cleanspark in a research note on Tuesday, January 13th. They set an “outperform” rating and a $22.50 target price for the company. Finally, Wall Street Zen cut shares of Cleanspark from a “hold” rating to a “sell” rating in a report on Friday, November 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $20.60.

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.