117,515 Shares in CleanSpark, Inc. (NASDAQ:CLSK) Acquired by Headlands Technologies LLC

Headlands Technologies LLC bought a new position in CleanSpark, Inc. (NASDAQ:CLSK) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 117,515 shares of the company’s stock, valued at approximately $1,296,000. Headlands Technologies LLC owned approximately 0.06% of CleanSpark at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in CleanSpark by 0.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 800,059 shares of the company’s stock worth $3,048,000 after acquiring an additional 2,709 shares in the last quarter. Amalgamated Bank grew its holdings in CleanSpark by 70.9% during the 3rd quarter. Amalgamated Bank now owns 10,526 shares of the company’s stock valued at $40,000 after buying an additional 4,367 shares in the last quarter. Signaturefd LLC grew its holdings in CleanSpark by 100.0% during the 4th quarter. Signaturefd LLC now owns 9,000 shares of the company’s stock valued at $99,000 after buying an additional 4,500 shares in the last quarter. Victory Capital Management Inc. grew its holdings in CleanSpark by 41.9% during the 3rd quarter. Victory Capital Management Inc. now owns 15,933 shares of the company’s stock valued at $61,000 after buying an additional 4,704 shares in the last quarter. Finally, Redwood Wealth Management Group LLC boosted its position in shares of CleanSpark by 19.0% during the 4th quarter. Redwood Wealth Management Group LLC now owns 44,780 shares of the company’s stock valued at $494,000 after acquiring an additional 7,150 shares during the last quarter. 43.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. BTIG Research increased their target price on CleanSpark from $12.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Chardan Capital raised their price target on CleanSpark from $13.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. TheStreet upgraded CleanSpark from a “d” rating to a “c-” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. raised their price target on CleanSpark from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Finally, HC Wainwright restated a “buy” rating and issued a $27.00 price target on shares of CleanSpark in a research report on Monday, April 15th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, CleanSpark presently has a consensus rating of “Moderate Buy” and an average price target of $19.22.

CleanSpark Trading Down 1.6 %

NASDAQ:CLSK opened at $19.23 on Friday. CleanSpark, Inc. has a twelve month low of $3.33 and a twelve month high of $24.72. The stock has a fifty day simple moving average of $17.79 and a 200-day simple moving average of $11.37.

CleanSpark (NASDAQ:CLSK) last released its earnings results on Thursday, February 8th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.26. CleanSpark had a negative return on equity of 16.25% and a negative net margin of 38.09%. The business had revenue of $73.79 million during the quarter, compared to the consensus estimate of $66.06 million. Research analysts forecast that CleanSpark, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Transactions at CleanSpark

In other news, Chairman S. Matthew Schultz sold 367,000 shares of CleanSpark stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $23.07, for a total transaction of $8,466,690.00. Following the completion of the sale, the chairman now directly owns 2,298,975 shares in the company, valued at $53,037,353.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Roger Paul Beynon sold 10,976 shares of CleanSpark stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $17.85, for a total transaction of $195,921.60. Following the completion of the sale, the director now directly owns 141,381 shares in the company, valued at $2,523,650.85. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman S. Matthew Schultz sold 367,000 shares of CleanSpark stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $23.07, for a total value of $8,466,690.00. Following the sale, the chairman now owns 2,298,975 shares of the company’s stock, valued at $53,037,353.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,169,620 shares of company stock worth $24,963,509. 3.46% of the stock is currently owned by insiders.

About CleanSpark

CleanSpark, Inc operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc and changed its name to CleanSpark, Inc in November 2016.