Cleanspark, Inc. (NASDAQ:CLSK – Get Free Report) COO Taylor Monnig sold 3,335 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $12.33, for a total transaction of $41,120.55. Following the transaction, the chief operating officer directly owned 336,810 shares of the company’s stock, valued at approximately $4,152,867.30. This trade represents a 0.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Taylor Monnig also recently made the following trade(s):
- On Tuesday, September 8th, Taylor Monnig sold 25,249 shares of Cleanspark stock. The stock was sold at an average price of $13.34, for a total transaction of $336,821.66.
- On Friday, September 4th, Taylor Monnig sold 4,513 shares of Cleanspark stock. The stock was sold at an average price of $12.61, for a total value of $56,908.93.
- On Friday, August 14th, Taylor Monnig sold 54 shares of Cleanspark stock. The shares were sold at an average price of $11.51, for a total value of $621.54.
Cleanspark Trading Up 1.8%
CLSK opened at $12.74 on Friday. The business has a 50 day simple moving average of $12.90 and a two-hundred day simple moving average of $13.25. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of -3.38 and a beta of 3.84. The company has a debt-to-equity ratio of 2.34, a current ratio of 5.91 and a quick ratio of 5.91. Cleanspark, Inc. has a one year low of $8.00 and a one year high of $23.61.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in Cleanspark by 81.3% during the first quarter. Dimensional Fund Advisors LP now owns 14,102,777 shares of the company’s stock worth $120,007,000 after acquiring an additional 6,323,715 shares in the last quarter. Situational Awareness LP increased its stake in shares of Cleanspark by 648.4% during the first quarter. Situational Awareness LP now owns 12,276,139 shares of the company’s stock valued at $104,470,000 after purchasing an additional 10,635,739 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Cleanspark by 49.2% during the first quarter. Bank of America Corp DE now owns 2,576,687 shares of the company’s stock valued at $21,928,000 after purchasing an additional 849,865 shares during the last quarter. Intrinsic Edge Capital Management LLC lifted its holdings in shares of Cleanspark by 617.3% during the first quarter. Intrinsic Edge Capital Management LLC now owns 894,735 shares of the company’s stock valued at $7,614,000 after purchasing an additional 770,000 shares during the last quarter. Finally, Headlands Technologies LLC boosted its position in shares of Cleanspark by 214.8% in the 2nd quarter. Headlands Technologies LLC now owns 512,476 shares of the company’s stock worth $7,457,000 after purchasing an additional 349,658 shares in the last quarter. 43.12% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on CLSK. Chardan Capital reissued a “buy” rating and set a $21.00 price objective on shares of Cleanspark in a research report on Monday, August 10th. Weiss Ratings raised shares of Cleanspark from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $26.00 target price on shares of Cleanspark in a research note on Friday, August 7th. Citigroup began coverage on shares of Cleanspark in a research report on Wednesday, June 24th. They set an “outperform” rating on the stock. Finally, B. Riley Financial increased their price target on shares of Cleanspark from $19.00 to $26.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.88.
Read Our Latest Research Report on CLSK
About Cleanspark
CleanSpark, Inc is a U.S.-based bitcoin mining and energy technology company traded on the Nasdaq under the symbol CLSK. Its primary business is operating data centers that use specialized computing equipment to validate transactions on the Bitcoin network and earn bitcoin as a reward.
The company develops and operates its mining infrastructure in the United States, with facilities and operations located across several states. CleanSpark focuses on expanding and optimizing its data-center capacity, managing energy usage, and securing power resources to support its mining activities.
Before emphasizing bitcoin mining, CleanSpark was associated with energy-management and distributed-energy technologies designed to help businesses and communities improve energy efficiency and resilience.
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