3,400 Shares in CleanSpark, Inc. (NASDAQ:CLSK) Purchased by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA acquired a new stake in CleanSpark, Inc. (NASDAQ:CLSKFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,400 shares of the company’s stock, valued at approximately $31,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of CleanSpark by 9.8% in the third quarter. Geode Capital Management LLC now owns 6,163,461 shares of the company’s stock valued at $57,577,000 after buying an additional 549,187 shares during the period. State Street Corp raised its holdings in CleanSpark by 4.5% in the 3rd quarter. State Street Corp now owns 6,073,912 shares of the company’s stock valued at $56,730,000 after acquiring an additional 261,195 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of CleanSpark during the 4th quarter valued at $39,940,000. Van ECK Associates Corp grew its holdings in shares of CleanSpark by 40.0% during the 4th quarter. Van ECK Associates Corp now owns 2,227,199 shares of the company’s stock worth $20,513,000 after purchasing an additional 636,511 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of CleanSpark by 10.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,194,835 shares of the company’s stock worth $20,500,000 after purchasing an additional 208,862 shares during the period. Institutional investors and hedge funds own 43.12% of the company’s stock.

Insider Transactions at CleanSpark

In other CleanSpark news, CEO Zachary Bradford sold 10,533 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $10.64, for a total transaction of $112,071.12. Following the sale, the chief executive officer now directly owns 3,059,326 shares of the company’s stock, valued at $32,551,228.64. The trade was a 0.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman S. Matthew Schultz sold 9,010 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $10.64, for a total transaction of $95,866.40. Following the transaction, the chairman now directly owns 2,450,010 shares of the company’s stock, valued at $26,068,106.40. The trade was a 0.37 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,536 shares of company stock worth $265,748. Insiders own 2.65% of the company’s stock.

Analyst Ratings Changes

CLSK has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised shares of CleanSpark from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $10.50 to $17.00 in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods began coverage on shares of CleanSpark in a research report on Monday, January 27th. They set an “outperform” rating and a $19.00 price target on the stock. HC Wainwright restated a “buy” rating and set a $27.00 price objective on shares of CleanSpark in a research report on Friday, February 7th. Needham & Company LLC began coverage on CleanSpark in a report on Wednesday. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Macquarie lifted their price target on CleanSpark from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $22.25.

Read Our Latest Research Report on CLSK

CleanSpark Stock Performance

NASDAQ CLSK opened at $10.50 on Friday. The firm’s fifty day moving average price is $10.89 and its two-hundred day moving average price is $11.38. The stock has a market cap of $2.95 billion, a PE ratio of 95.46 and a beta of 4.24. CleanSpark, Inc. has a fifty-two week low of $8.04 and a fifty-two week high of $24.72.

CleanSpark (NASDAQ:CLSKGet Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. CleanSpark had a negative return on equity of 2.81% and a net margin of 16.07%. As a group, sell-side analysts predict that CleanSpark, Inc. will post 0.29 earnings per share for the current fiscal year.

About CleanSpark

(Free Report)

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.

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Institutional Ownership by Quarter for CleanSpark (NASDAQ:CLSK)

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