200,000 Shares in Cleanspark, Inc. $CLSK Bought by X Square Capital LLC

X Square Capital LLC bought a new position in shares of Cleanspark, Inc. (NASDAQ:CLSK) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 200,000 shares of the company’s stock, valued at approximately $2,900,000. X Square Capital LLC owned approximately 0.07% of Cleanspark as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Stevens Capital Management LP boosted its position in shares of Cleanspark by 537.6% in the 3rd quarter. Stevens Capital Management LP now owns 123,081 shares of the company’s stock worth $1,785,000 after buying an additional 103,778 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of Cleanspark by 49.6% in the third quarter. GSA Capital Partners LLP now owns 17,788 shares of the company’s stock valued at $258,000 after purchasing an additional 5,900 shares during the last quarter. Vanguard Group Inc. increased its stake 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 worth $377,752,000 after purchasing an additional 769,148 shares in the last quarter. Tobam raised its position in shares of Cleanspark by 30.4% during the 3rd quarter. Tobam now owns 67,051 shares of the company’s stock worth $972,000 after purchasing an additional 15,625 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Cleanspark by 4.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 20,096 shares of the company’s stock valued at $291,000 after buying an additional 781 shares in the last quarter. Hedge funds and other institutional investors own 43.12% of the company’s stock.

Analyst Ratings Changes

CLSK has been the subject of several analyst reports. B. Riley Financial cut their target price on shares of Cleanspark from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. HC Wainwright cut their price objective on Cleanspark from $30.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. JPMorgan Chase & Co. raised Cleanspark from a “neutral” rating to an “overweight” rating and set a $14.00 price target on the stock in a research report on Monday, November 24th. Cantor Fitzgerald decreased their target price on shares of Cleanspark from $21.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Finally, Northland Securities assumed coverage on Cleanspark in a research note on Tuesday, January 13th. They set an “outperform” rating and a $22.50 target price for the company. One research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.60.

Insider Activity at Cleanspark

In related news, Director Thomas Leigh Wood sold 85,315 shares of Cleanspark stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $11.69, for a total value of $997,332.35. Following the completion of the sale, the director 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. Also, Director Amanda Cavaleri sold 33,000 shares of Cleanspark stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $15.02, for a total value of $495,660.00. Following the completion of the transaction, the director owned 107,289 shares in the company, valued at $1,611,480.78. The trade was a 23.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.08% of the stock is currently owned by corporate insiders.

Cleanspark Stock Down 1.7%

CLSK stock opened at $9.65 on Monday. Cleanspark, Inc. has a 52-week low of $6.45 and a 52-week high of $23.61. The firm has a market capitalization of $2.47 billion, a P/E ratio of -9.02 and a beta of 3.47. The company has a debt-to-equity ratio of 1.29, a current ratio of 10.54 and a quick ratio of 10.54. The company’s 50 day simple moving average is $11.40 and its 200-day simple moving average is $12.87.

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.