Cleanspark, Inc. $CLSK Shares Bought by Clarity Capital Partners LLC

Clarity Capital Partners LLC raised its position in Cleanspark, Inc. (NASDAQ:CLSK) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 290,121 shares of the company’s stock after acquiring an additional 17,171 shares during the period. Cleanspark makes up approximately 1.1% of Clarity Capital Partners LLC’s holdings, making the stock its 19th biggest holding. Clarity Capital Partners LLC’s holdings in Cleanspark were worth $3,200,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Cleanspark by 22.8% in the first quarter. Vanguard Group Inc. now owns 24,145,612 shares of the company’s stock valued at $162,259,000 after acquiring an additional 4,489,866 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Cleanspark by 20.5% during the first quarter. Invesco Ltd. now owns 3,597,402 shares of the company’s stock worth $24,175,000 after buying an additional 613,040 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Cleanspark by 26.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,117,672 shares of the company’s stock worth $20,951,000 after buying an additional 652,811 shares during the period. Northern Trust Corp lifted its stake in shares of Cleanspark by 16.0% during the first quarter. Northern Trust Corp now owns 2,807,078 shares of the company’s stock worth $18,864,000 after buying an additional 388,021 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Cleanspark by 128.9% during the first quarter. Bank of New York Mellon Corp now owns 1,579,277 shares of the company’s stock worth $10,613,000 after buying an additional 889,317 shares during the period. 43.12% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cleanspark news, COO Taylor Monnig sold 63,713 shares of Cleanspark stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $9.12, for a total value of $581,062.56. Following the completion of the transaction, the chief operating officer owned 120,337 shares of the company’s stock, valued at approximately $1,097,473.44. The trade was a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.65% of the company’s stock.

Cleanspark Price Performance

NASDAQ CLSK opened at $15.94 on Friday. The company has a market capitalization of $4.48 billion, a PE ratio of 18.75 and a beta of 3.88. The company has a fifty day moving average of $11.11 and a 200 day moving average of $10.02. Cleanspark, Inc. has a 1 year low of $6.45 and a 1 year high of $17.97.

Cleanspark (NASDAQ:CLSK) last posted its earnings results on Thursday, August 7th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.71. The company had revenue of $198.64 million during the quarter, compared to the consensus estimate of $191.33 million. Cleanspark had a net margin of 47.98% and a return on equity of 8.89%. The firm’s quarterly revenue was up 90.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.03) earnings per share. Research analysts expect that Cleanspark, Inc. will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

CLSK has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Cleanspark in a research note on Saturday, September 27th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $14.00 price objective (down from $15.00) on shares of Cleanspark in a research note on Friday, September 26th. Chardan Capital reiterated a “buy” rating and set a $20.00 price objective on shares of Cleanspark in a research note on Monday, September 8th. Macquarie lifted their price objective on shares of Cleanspark from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Cleanspark from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Cleanspark presently has an average rating of “Moderate Buy” and an average price target of $20.36.

Cleanspark 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.