Havemeyer Place LP Makes New Investment in Cleanspark, Inc. $CLSK

Havemeyer Place LP acquired a new position in shares of Cleanspark, Inc. (NASDAQ:CLSKFree Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 95,534 shares of the company’s stock, valued at approximately $967,000.

Several other institutional investors have also recently bought and sold shares of CLSK. Hantz Financial Services Inc. raised its holdings in Cleanspark by 115.5% during the third quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock worth $25,000 after buying an additional 937 shares during the last quarter. Danske Bank A S acquired a new position in Cleanspark during the fourth quarter worth $25,000. Quarry LP acquired a new position in Cleanspark during the third quarter worth $26,000. Morse Asset Management Inc acquired a new position in Cleanspark during the third quarter worth $32,000. Finally, Strs Ohio acquired a new position in Cleanspark during the first quarter worth $38,000. Institutional investors and hedge funds own 43.12% of the company’s stock.

Cleanspark Stock Performance

Shares of CLSK stock opened at $15.59 on Monday. The firm has a 50-day moving average of $12.96 and a 200-day moving average of $11.94. The company has a market cap of $4.00 billion, a P/E ratio of -7.42 and a beta of 3.79. The company has a debt-to-equity ratio of 1.81, a current ratio of 8.26 and a quick ratio of 8.26. Cleanspark, Inc. has a one year low of $8.00 and a one year high of $23.61.

Cleanspark (NASDAQ:CLSKGet Free Report) last announced its earnings results on Monday, May 11th. The company reported ($1.52) EPS for the quarter, missing the consensus estimate of ($0.25) by ($1.27). The firm had revenue of $136.41 million during the quarter, compared to analysts’ expectations of $145.36 million. Cleanspark had a negative net margin of 67.66% and a positive return on equity of 7.07%. The business’s revenue for the quarter was down 24.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.49) EPS. Equities research analysts forecast that Cleanspark, Inc. will post -1.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Needham & Company LLC upped their price objective on shares of Cleanspark from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, May 4th. B. Riley Financial lowered their price objective on shares of Cleanspark from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. BTIG Research restated a “buy” rating and set a $26.00 price objective on shares of Cleanspark in a report on Tuesday, May 12th. Chardan Capital reiterated a “buy” rating and issued a $16.00 target price on shares of Cleanspark in a report on Wednesday, April 8th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Cleanspark from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.44.

Read Our Latest Report on CLSK

About Cleanspark

(Free Report)

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.

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Institutional Ownership by Quarter for Cleanspark (NASDAQ:CLSK)

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