Cleanspark, Inc. $CLSK Holdings Lifted by Stevens Capital Management LP

Stevens Capital Management LP grew its holdings in shares of Cleanspark, Inc. (NASDAQ:CLSK) by 537.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,081 shares of the company’s stock after buying an additional 103,778 shares during the period. Stevens Capital Management LP’s holdings in Cleanspark were worth $1,785,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CLSK. GSA Capital Partners LLP increased its position in Cleanspark by 49.6% in the 3rd quarter. GSA Capital Partners LLP now owns 17,788 shares of the company’s stock valued at $258,000 after acquiring an additional 5,900 shares during the period. Vanguard Group Inc. grew its stake in shares of Cleanspark by 3.0% in the third quarter. Vanguard Group Inc. now owns 26,051,850 shares of the company’s stock worth $377,752,000 after purchasing an additional 769,148 shares in the last quarter. Tobam grew its stake in shares of Cleanspark by 30.4% in the third quarter. Tobam now owns 67,051 shares of the company’s stock worth $972,000 after purchasing an additional 15,625 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Cleanspark by 4.0% during the third quarter. PNC Financial Services Group Inc. now owns 20,096 shares of the company’s stock valued at $291,000 after purchasing an additional 781 shares during the period. Finally, HighTower Advisors LLC raised its stake in shares of Cleanspark by 351.9% during the third quarter. HighTower Advisors LLC now owns 206,298 shares of the company’s stock valued at $2,991,000 after purchasing an additional 160,650 shares in the last quarter. 43.12% of the stock is currently owned by institutional investors and hedge funds.

Cleanspark Trading Down 1.7%

Shares of NASDAQ:CLSK opened at $9.65 on Friday. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of -9.02 and a beta of 3.47. 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 quick ratio of 10.54 and a current ratio of 10.54. The company has a 50 day moving average price of $11.40 and a 200 day moving average price of $12.84.

Insider Buying and Selling at Cleanspark

In other news, Director Amanda Cavaleri sold 33,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $1,611,480.78. This trade represents a 23.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas Leigh Wood sold 85,315 shares of the business’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $11.69, for a total value of $997,332.35. Following the sale, the director directly owned 41,421 shares in the company, valued at $484,211.49. This trade represents a 67.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CLSK. Wall Street Zen lowered shares of Cleanspark from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Macquarie Infrastructure reduced their price target on shares of Cleanspark from $30.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. JPMorgan Chase & Co. upgraded shares of Cleanspark from a “neutral” rating to an “overweight” rating and set a $14.00 price objective for the company in a report on Monday, November 24th. HC Wainwright dropped their target price on Cleanspark from $30.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Finally, Cantor Fitzgerald cut their target price on Cleanspark from $21.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cleanspark has an average rating of “Moderate Buy” and an average target price of $20.60.

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.