Cleanspark (NASDAQ:CLSK) Given New $19.00 Price Target at Needham & Company LLC

Cleanspark (NASDAQ:CLSK) had its price objective cut by Needham & Company LLC from $25.00 to $19.00 in a research report report published on Friday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Several other research analysts have also recently issued reports on CLSK. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $21.00 target price on shares of Cleanspark in a report on Wednesday, November 26th. Maxim Group started coverage on shares of Cleanspark in a report on Thursday, January 8th. They issued a “buy” rating and a $22.00 price objective for the company. Chardan Capital lowered their price objective on Cleanspark from $30.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday. JPMorgan Chase & Co. raised Cleanspark from a “neutral” rating to an “overweight” rating and set a $14.00 target price for the company in a report on Monday, November 24th. Finally, Zacks Research cut Cleanspark from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $21.13.

Cleanspark Price Performance

Shares of NASDAQ:CLSK opened at $10.08 on Friday. The business has a fifty day moving average price of $12.32 and a 200-day moving average price of $12.98. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.18 and a quick ratio of 4.18. The company has a market capitalization of $2.58 billion, a PE ratio of -9.42 and a beta of 3.47. Cleanspark has a 1-year low of $6.45 and a 1-year high of $23.61.

Insider Activity

In other Cleanspark news, Director Amanda Cavaleri sold 33,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $15.02, for a total transaction of $495,660.00. Following the completion of the sale, the director directly owned 107,289 shares in the company, valued at $1,611,480.78. The trade was a 23.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas Leigh Wood sold 85,315 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $11.69, for a total transaction of $997,332.35. Following the sale, the director directly owned 41,421 shares of the company’s stock, valued at $484,211.49. The trade was a 67.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.08% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Cleanspark by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 26,051,850 shares of the company’s stock valued at $377,752,000 after acquiring an additional 769,148 shares during the period. Geode Capital Management LLC lifted its position in Cleanspark by 1.4% during the second quarter. Geode Capital Management LLC now owns 7,536,772 shares of the company’s stock valued at $83,139,000 after purchasing an additional 101,401 shares in the last quarter. Invesco Ltd. grew its holdings in Cleanspark by 22.1% during the third quarter. Invesco Ltd. now owns 4,482,527 shares of the company’s stock valued at $64,997,000 after purchasing an additional 810,203 shares during the period. Tidal Investments LLC grew its holdings in Cleanspark by 13.3% during the third quarter. Tidal Investments LLC now owns 4,366,437 shares of the company’s stock valued at $63,313,000 after purchasing an additional 514,062 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Cleanspark by 57.0% in the third quarter. Dimensional Fund Advisors LP now owns 4,311,221 shares of the company’s stock worth $62,521,000 after buying an additional 1,564,761 shares in the last quarter. 43.12% of the stock is currently owned by institutional investors.

Cleanspark News Summary

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Operations & liquidity — CleanSpark produced 573 BTC in January and sold about $14.6M of BTC to fund operations, a sign of ongoing mining output and cash-generation actions that support near-term liquidity. Article Title
• Positive Sentiment: AI & power expansion — The company reported it secured up to 890 MW of new utility-grade power capacity and is advancing a multi-gigawatt AI infrastructure platform, which supports its strategic pivot beyond bitcoin mining and could drive future revenue diversification. Article Title
• Neutral Sentiment: Analyst price-target adjustments — Needham cut its target from $25 to $19 but kept a buy rating; Chardan trimmed its target from $30 to $16 and also remains constructive. These cuts temper upside expectations but leave institutional support intact. Article Title
• Neutral Sentiment: Earnings call transcripts published — Management commentary from the Q1 call is available (transcripts on Seeking Alpha/MSN/Yahoo) for investors who want details on margins, capex, BTC strategy and the AI buildout. Article Title
• Negative Sentiment: Q1 results missed expectations — CleanSpark reported revenue of ~$181.2M (below ~ $200M consensus) and an EPS loss that was wider than expected, prompting after-hours weakness. The miss highlights near-term pressure from bitcoin price declines and execution/cost dynamics. Article Title
• Negative Sentiment: Analyst/sector downgrades tied to bitcoin pain — Commentary and at least one sector downgrade noted that “the economics are shifting with bitcoin crashing,” increasing near-term risk to mining profitability if BTC prices remain depressed. Article Title

About Cleanspark

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.