CleanSpark, Inc. (NASDAQ:CLSK – Get Free Report) CTO Taylor Monnig sold 1,350 shares of CleanSpark stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $16.97, for a total value of $22,909.50. Following the completion of the transaction, the chief technology officer now owns 212,352 shares of the company’s stock, valued at approximately $3,603,613.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Taylor Monnig also recently made the following trade(s):
- On Friday, June 28th, Taylor Monnig sold 1,350 shares of CleanSpark stock. The shares were sold at an average price of $16.03, for a total value of $21,640.50.
- On Friday, May 31st, Taylor Monnig sold 1,350 shares of CleanSpark stock. The stock was sold at an average price of $16.65, for a total value of $22,477.50.
CleanSpark Trading Up 5.8 %
Shares of NASDAQ:CLSK traded up $0.94 during trading on Friday, reaching $17.12. The company had a trading volume of 26,149,223 shares, compared to its average volume of 32,949,754. The stock’s fifty day moving average price is $17.05 and its 200 day moving average price is $15.80. CleanSpark, Inc. has a fifty-two week low of $3.38 and a fifty-two week high of $24.72.
Wall Street Analysts Forecast Growth
CLSK has been the subject of several recent analyst reports. Chardan Capital restated a “buy” rating and set a $26.00 target price on shares of CleanSpark in a research note on Monday, May 13th. HC Wainwright restated a “buy” rating and set a $27.00 target price on shares of CleanSpark in a research note on Friday, June 28th. JPMorgan Chase & Co. reduced their price objective on CleanSpark from $15.00 to $12.50 and set a “neutral” rating for the company in a research note on Tuesday, June 4th. Finally, Cantor Fitzgerald boosted their price objective on CleanSpark from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, July 3rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.13.
Get Our Latest Stock Report on CLSK
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in CleanSpark by 58.5% during the first quarter. Vanguard Group Inc. now owns 12,755,249 shares of the company’s stock worth $270,539,000 after acquiring an additional 4,706,738 shares during the period. Dimensional Fund Advisors LP grew its holdings in CleanSpark by 62.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,433,586 shares of the company’s stock worth $93,032,000 after acquiring an additional 3,235,171 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in CleanSpark by 119.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,757,431 shares of the company’s stock worth $19,384,000 after acquiring an additional 957,372 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in CleanSpark by 11.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,379,611 shares of the company’s stock worth $15,217,000 after acquiring an additional 142,078 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in CleanSpark by 32.8% during the second quarter. Bank of New York Mellon Corp now owns 871,793 shares of the company’s stock worth $13,905,000 after acquiring an additional 215,124 shares during the period. Institutional investors and hedge funds own 43.12% of the company’s stock.
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.
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