Virtu Financial LLC Has $2.40 Million Position in CleanSpark, Inc. (NASDAQ:CLSK)

Virtu Financial LLC grew its holdings in CleanSpark, Inc. (NASDAQ:CLSK) by 1,249.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 150,698 shares of the company’s stock after buying an additional 139,528 shares during the quarter. Virtu Financial LLC owned approximately 0.07% of CleanSpark worth $2,404,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Victory Capital Management Inc. grew its holdings in CleanSpark by 50.5% during the 4th quarter. Victory Capital Management Inc. now owns 23,973 shares of the company’s stock worth $264,000 after acquiring an additional 8,040 shares during the last quarter. Swiss National Bank grew its stake in shares of CleanSpark by 27.8% during the fourth quarter. Swiss National Bank now owns 300,800 shares of the company’s stock valued at $3,318,000 after purchasing an additional 65,400 shares during the last quarter. Amalgamated Bank increased its holdings in shares of CleanSpark by 25.4% in the fourth quarter. Amalgamated Bank now owns 13,197 shares of the company’s stock valued at $146,000 after purchasing an additional 2,671 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in CleanSpark by 11.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,379,611 shares of the company’s stock worth $15,217,000 after purchasing an additional 142,078 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in CleanSpark by 62.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,433,586 shares of the company’s stock worth $93,032,000 after purchasing an additional 3,235,171 shares during the last quarter. 43.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CLSK has been the topic of several recent research reports. HC Wainwright reiterated a “buy” rating and issued a $27.00 price target on shares of CleanSpark in a report on Wednesday, September 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $23.00 price objective on shares of CleanSpark in a research note on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of CleanSpark from $12.50 to $10.50 and set a “neutral” rating for the company in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.97.

Insider Activity at CleanSpark

In related news, Director Thomas Leigh Wood sold 22,222 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $9.24, for a total transaction of $205,331.28. Following the completion of the transaction, the director now owns 137,050 shares in the company, valued at $1,266,342. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 26,272 shares of company stock valued at $264,421. 3.46% of the stock is owned by insiders.

CleanSpark Trading Up 0.9 %

CLSK stock opened at $9.15 on Wednesday. CleanSpark, Inc. has a 1-year low of $3.38 and a 1-year high of $24.72. The business’s 50-day moving average price is $12.83 and its two-hundred day moving average price is $15.69.

CleanSpark (NASDAQ:CLSK) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $104.11 million for the quarter, compared to the consensus estimate of $114.04 million. CleanSpark had a negative return on equity of 3.64% and a negative net margin of 46.31%. As a group, analysts expect that CleanSpark, Inc. will post -0.06 earnings per share for the current year.

CleanSpark Company Profile

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.