Cleanspark, Inc. (NASDAQ:CLSK – Get Free Report) COO Taylor Monnig sold 4,513 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $12.61, for a total transaction of $56,908.93. Following the completion of the transaction, the chief operating officer owned 258,969 shares of the company’s stock, valued at approximately $3,265,599.09. The trade was a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
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, August 14th, Taylor Monnig sold 54 shares of Cleanspark stock. The shares were sold at an average price of $11.51, for a total transaction of $621.54.
Cleanspark Stock Up 6.8%
CLSK stock opened at $13.67 on Friday. The company has a debt-to-equity ratio of 2.34, a current ratio of 5.91 and a quick ratio of 2.11. The firm has a market capitalization of $3.51 billion, a P/E ratio of -3.63 and a beta of 3.84. Cleanspark, Inc. has a 52-week low of $8.00 and a 52-week high of $23.61. The company’s 50 day simple moving average is $12.93 and its 200-day simple moving average is $12.87.
Wall Street Analyst Weigh In
CLSK has been the topic of a number of research analyst reports. Chardan Capital reiterated a “buy” rating and set a $21.00 price target on shares of Cleanspark in a report on Monday, August 10th. Keefe, Bruyette & Woods increased their price objective on Cleanspark from $16.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. B. Riley Financial raised their price objective on Cleanspark from $19.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Citigroup began coverage on Cleanspark in a research note on Wednesday, June 24th. They set an “outperform” rating on the stock. Finally, Zacks Research upgraded Cleanspark from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Cleanspark has a consensus rating of “Moderate Buy” and a consensus target price of $23.88.
Check Out Our Latest Report on CLSK
Hedge Funds Weigh In On Cleanspark
Hedge funds have recently modified their holdings of the stock. Markowski Investments acquired a new stake in Cleanspark during the second quarter valued at $25,000. Quarry LP purchased a new stake in shares of Cleanspark during the 3rd quarter worth about $26,000. Morse Asset Management Inc acquired a new stake in shares of Cleanspark during the 3rd quarter valued at about $32,000. Strs Ohio bought a new stake in shares of Cleanspark in the 1st quarter valued at approximately $38,000. Finally, CIBC Private Wealth Group LLC lifted its stake in Cleanspark by 5,081.0% in the third quarter. CIBC Private Wealth Group LLC now owns 3,005 shares of the company’s stock valued at $44,000 after acquiring an additional 2,947 shares during the last quarter. 43.12% of the stock is owned by institutional investors and hedge funds.
Cleanspark Company Profile
CleanSpark, Inc (NASDAQ: CLSK) is a bitcoin mining and energy technology company headquartered in Henderson, Nevada. The company owns and operates data centers that use specialized computing equipment to validate transactions on the Bitcoin network and earn bitcoin rewards.
CleanSpark focuses on developing and expanding mining infrastructure, with operations in the United States, including facilities in Georgia, Mississippi, Tennessee and Wyoming. Its activities include acquiring and deploying mining equipment, managing data-center operations and securing reliable, cost-effective power for its facilities.
The company historically developed software and energy-management solutions before shifting its primary focus toward bitcoin mining.
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