X Square Capital LLC Buys New Stake in Cleanspark, Inc. $CLSK

X Square Capital LLC purchased a new position in shares of Cleanspark, Inc. (NASDAQ:CLSK) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 200,000 shares of the company’s stock, valued at approximately $2,900,000.

Several other large investors also recently modified their holdings of the stock. Hantz Financial Services Inc. grew its holdings in shares of Cleanspark by 115.5% in 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 during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Cleanspark in the 2nd quarter valued at $29,000. Salomon & Ludwin LLC acquired a new position in Cleanspark in the third quarter worth $32,000. Strs Ohio bought a new stake in shares of Cleanspark during the first quarter worth $38,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of Cleanspark by 38.9% in the third quarter. Smartleaf Asset Management LLC now owns 2,660 shares of the company’s stock valued at $40,000 after buying an additional 745 shares in the last quarter. 43.12% of the stock is currently owned by institutional investors.

Insider Transactions at Cleanspark

In other news, Director Thomas Leigh Wood sold 85,315 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $11.69, for a total value 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. This trade represents a 67.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Amanda Cavaleri sold 33,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $15.02, for a total value of $495,660.00. Following the transaction, the director directly owned 107,289 shares in the company, valued at $1,611,480.78. The trade was a 23.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.08% of the company’s stock.

Wall Street Analyst Weigh In

CLSK has been the topic of a number of research analyst reports. Sanford C. Bernstein increased their price objective on shares of Cleanspark from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Northland Securities initiated coverage on shares of Cleanspark in a research note on Tuesday, January 13th. They set an “outperform” rating and a $22.50 price target on the stock. Macquarie Infrastructure dropped their price objective on shares of Cleanspark from $30.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, November 26th. JPMorgan Chase & Co. upgraded Cleanspark from a “neutral” rating to an “overweight” rating and set a $14.00 price objective on the stock in a research report on Monday, November 24th. Finally, Chardan Capital lowered their target price on Cleanspark from $30.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.60.

Cleanspark Price Performance

Shares of CLSK stock opened at $9.65 on Monday. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of -9.02 and a beta of 3.47. Cleanspark, Inc. has a 12-month low of $6.45 and a 12-month high of $23.61. The company has a quick ratio of 10.54, a current ratio of 10.54 and a debt-to-equity ratio of 1.29. The firm has a fifty day moving average of $11.40 and a 200-day moving average of $12.87.

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.