Virtu Financial LLC boosted its position in Cleanspark, Inc. (NASDAQ:CLSK – Free Report) by 59.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 175,903 shares of the company’s stock after purchasing an additional 65,857 shares during the period. Virtu Financial LLC owned approximately 0.07% of Cleanspark worth $1,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. X Square Capital LLC purchased a new stake in shares of Cleanspark during the third quarter valued at $2,900,000. New York State Teachers Retirement System lifted its holdings in Cleanspark by 37.7% during the 4th quarter. New York State Teachers Retirement System now owns 341,749 shares of the company’s stock valued at $3,458,000 after buying an additional 93,649 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in Cleanspark in the 4th quarter valued at about $2,019,000. Benchmark Financial LLC purchased a new stake in Cleanspark in the 4th quarter valued at about $1,255,000. Finally, Tudor Investment Corp ET AL grew its stake in Cleanspark by 496.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 1,732,268 shares of the company’s stock worth $25,118,000 after acquiring an additional 1,441,939 shares in the last quarter. 43.12% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Chardan Capital lifted their price target on shares of Cleanspark from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Cantor Fitzgerald decreased their target price on Cleanspark from $17.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. BTIG Research restated a “buy” rating and set a $26.00 price target on shares of Cleanspark in a research note on Tuesday, May 12th. Keefe, Bruyette & Woods upped their price objective on shares of Cleanspark from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Finally, Maxim Group raised their target price on shares of Cleanspark from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Cleanspark currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.67.
Cleanspark Price Performance
NASDAQ CLSK opened at $17.24 on Friday. The firm’s fifty day simple moving average is $14.50 and its two-hundred day simple moving average is $12.27. The firm has a market capitalization of $4.42 billion, a P/E ratio of -8.21 and a beta of 3.79. The company has a current ratio of 8.26, a quick ratio of 8.26 and a debt-to-equity ratio of 1.81. Cleanspark, Inc. has a 12-month low of $8.00 and a 12-month high of $23.61.
Cleanspark (NASDAQ:CLSK – Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported ($1.52) EPS for the quarter, missing the consensus estimate of ($0.25) by ($1.27). The business had revenue of $136.41 million for the quarter, compared to analysts’ expectations of $145.35 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 posted ($0.49) EPS. Analysts forecast that Cleanspark, Inc. will post -1.19 EPS for the current fiscal year.
Cleanspark Profile
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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