Stock Traders Buy High Volume of Call Options on Cleanspark (NASDAQ:CLSK)

Cleanspark, Inc. (NASDAQ:CLSKGet Free Report) saw some unusual options trading on Tuesday. Stock traders acquired 102,104 call options on the stock. This represents an increase of approximately 50% compared to the typical daily volume of 68,163 call options.

Cleanspark Stock Up 4.7%

Shares of CLSK traded up $0.51 during midday trading on Tuesday, reaching $11.27. 23,311,022 shares of the stock were exchanged, compared to its average volume of 24,961,271. Cleanspark has a 52 week low of $7.03 and a 52 week high of $23.61. The company has a current ratio of 10.54, a quick ratio of 10.54 and a debt-to-equity ratio of 1.29. The company’s 50 day moving average is $9.70 and its two-hundred day moving average is $12.66. The company has a market capitalization of $2.88 billion, a P/E ratio of -10.53 and a beta of 3.53.

Institutional Trading of Cleanspark

A number of institutional investors have recently modified their holdings of the company. Marex Group plc lifted its holdings in shares of Cleanspark by 23,812.2% during the fourth quarter. Marex Group plc now owns 5,400,561 shares of the company’s stock worth $54,654,000 after purchasing an additional 5,377,976 shares during the period. Voloridge Investment Management LLC purchased a new position in Cleanspark during the third quarter valued at approximately $56,056,000. Dimensional Fund Advisors LP raised its position in Cleanspark by 80.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,779,062 shares of the company’s stock valued at $78,731,000 after acquiring an additional 3,467,841 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Cleanspark during the fourth quarter valued at approximately $26,125,000. Finally, Situational Awareness LP purchased a new position in Cleanspark during the fourth quarter valued at approximately $16,601,000. 43.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CLSK shares. Maxim Group started coverage on Cleanspark in a report on Thursday, January 8th. They set a “buy” rating and a $22.00 price target on the stock. Northland Securities started coverage on Cleanspark in a report on Tuesday, January 13th. They set an “outperform” rating and a $22.50 price target on the stock. Cantor Fitzgerald decreased their price target on Cleanspark from $17.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Chardan Capital reiterated a “buy” rating and issued a $16.00 target price on shares of Cleanspark in a research note on Wednesday, April 8th. Finally, B. Riley Financial reduced their target price on Cleanspark from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.37.

Check Out Our Latest Research Report on CLSK

Cleanspark Company Profile

(Get 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.

Featured Articles

Receive News & Ratings for Cleanspark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cleanspark and related companies with MarketBeat.com's FREE daily email newsletter.