147,464 Shares in Cleanspark, Inc. $CLSK Acquired by Neo Ivy Capital Management

Neo Ivy Capital Management purchased a new position in shares of Cleanspark, Inc. (NASDAQ:CLSK) in the 3rd quarter, Holdings Channel reports. The firm purchased 147,464 shares of the company’s stock, valued at approximately $2,138,000.

Other large investors also recently modified their holdings of the company. Hantz Financial Services Inc. raised its holdings in shares of Cleanspark by 115.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock valued at $25,000 after purchasing an additional 937 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Cleanspark during the 2nd quarter worth $29,000. Salomon & Ludwin LLC acquired a new position in shares of Cleanspark during the third quarter worth $32,000. Strs Ohio acquired a new position in shares of Cleanspark during the first quarter worth $38,000. Finally, Smartleaf Asset Management LLC increased its holdings in Cleanspark by 38.9% in the third quarter. Smartleaf Asset Management LLC now owns 2,660 shares of the company’s stock valued at $40,000 after buying an additional 745 shares during the last quarter. 43.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CLSK has been the topic of a number of analyst reports. Weiss Ratings cut Cleanspark from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, February 9th. Keefe, Bruyette & Woods dropped their price objective on Cleanspark from $18.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, February 9th. Zacks Research raised Cleanspark from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Northland Securities assumed coverage on Cleanspark in a report on Tuesday, January 13th. They issued an “outperform” rating and a $22.50 price target for the company. Finally, HC Wainwright cut their price objective on shares of Cleanspark from $30.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cleanspark presently has an average rating of “Moderate Buy” and a consensus target price of $20.60.

Insider Buying and Selling at Cleanspark

In other news, Director Thomas Leigh Wood sold 85,315 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $11.69, for a total value of $997,332.35. Following the completion of the sale, the director directly owned 41,421 shares of the company’s stock, valued at approximately $484,211.49. The trade was a 67.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.08% of the company’s stock.

Cleanspark Stock Performance

NASDAQ CLSK opened at $9.21 on Friday. The company has a fifty day moving average of $11.10 and a two-hundred day moving average of $12.84. The company has a market capitalization of $2.36 billion, a PE ratio of -8.61 and a beta of 3.51. Cleanspark, Inc. has a 1 year low of $6.45 and a 1 year high of $23.61. The company has a debt-to-equity ratio of 1.29, a current ratio of 10.54 and a quick ratio of 10.54.

Cleanspark Company Profile

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.