25,180 Shares in CleanSpark, Inc. (NASDAQ:CLSK) Acquired by United Advisor Group LLC

United Advisor Group LLC acquired a new stake in CleanSpark, Inc. (NASDAQ:CLSK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,180 shares of the company’s stock, valued at approximately $235,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Clarity Capital Partners LLC lifted its stake in shares of CleanSpark by 100.8% in the third quarter. Clarity Capital Partners LLC now owns 175,056 shares of the company’s stock worth $1,635,000 after acquiring an additional 87,891 shares during the period. Van ECK Associates Corp lifted its position in shares of CleanSpark by 64.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,590,688 shares of the company’s stock worth $14,857,000 after purchasing an additional 620,792 shares during the period. Realta Investment Advisors acquired a new stake in shares of CleanSpark during the third quarter worth $137,000. Vima LLC increased its position in shares of CleanSpark by 244.6% during the third quarter. Vima LLC now owns 69,475 shares of the company’s stock worth $649,000 after buying an additional 49,314 shares during the period. Finally, SRN Advisors LLC lifted its holdings in CleanSpark by 65.3% in the third quarter. SRN Advisors LLC now owns 261,427 shares of the company’s stock valued at $2,442,000 after buying an additional 103,283 shares during the period. 43.12% of the stock is owned by institutional investors and hedge funds.

CleanSpark Price Performance

NASDAQ CLSK opened at $12.99 on Thursday. CleanSpark, Inc. has a 12-month low of $3.46 and a 12-month high of $24.72. The company has a fifty day simple moving average of $10.12 and a 200 day simple moving average of $13.91.

CleanSpark (NASDAQ:CLSK) last posted its earnings results on Friday, August 9th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $104.11 million during the quarter, compared to analyst estimates of $114.04 million. CleanSpark had a negative return on equity of 3.64% and a negative net margin of 46.31%. On average, equities analysts expect that CleanSpark, Inc. will post -0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CLSK. JPMorgan Chase & Co. lowered their price objective on CleanSpark from $12.50 to $10.50 and set a “neutral” rating for the company in a research report on Friday, August 23rd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $23.00 target price on shares of CleanSpark in a report on Thursday, October 3rd. HC Wainwright restated a “buy” rating and set a $27.00 price target on shares of CleanSpark in a report on Wednesday, September 25th. Finally, Macquarie initiated coverage on shares of CleanSpark in a research report on Wednesday, September 25th. They set an “outperform” rating and a $20.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.42.

Insider Activity at CleanSpark

In other CleanSpark news, Director Thomas Leigh Wood sold 22,222 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $9.24, for a total transaction of $205,331.28. Following the transaction, the director now directly owns 137,050 shares in the company, valued at approximately $1,266,342. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 26,272 shares of company stock valued at $250,003 over the last 90 days. Insiders own 2.99% 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.