National Bank of Canada FI Buys 2,119 Shares of CleanSpark, Inc. (NASDAQ:CLSK)

National Bank of Canada FI grew its position in CleanSpark, Inc. (NASDAQ:CLSK) by 470.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,569 shares of the company’s stock after acquiring an additional 2,119 shares during the quarter. National Bank of Canada FI’s holdings in CleanSpark were worth $41,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. American Capital Advisory LLC purchased a new stake in CleanSpark in the 1st quarter worth about $32,000. Russell Investments Group Ltd. lifted its stake in shares of CleanSpark by 36.8% during the 1st quarter. Russell Investments Group Ltd. now owns 2,926 shares of the company’s stock worth $62,000 after acquiring an additional 787 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in CleanSpark during the 1st quarter valued at $109,000. Copperwynd Financial LLC bought a new position in CleanSpark in the 4th quarter valued at $112,000. Finally, VitalStone Financial LLC increased its stake in CleanSpark by 21.7% in the fourth quarter. VitalStone Financial LLC now owns 10,825 shares of the company’s stock worth $119,000 after purchasing an additional 1,930 shares during the period. Institutional investors own 43.12% of the company’s stock.

Insider Transactions at CleanSpark

In other CleanSpark news, Director Thomas Leigh Wood sold 22,222 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $9.24, for a total value of $205,331.28. Following the completion of the sale, the director now directly owns 137,050 shares in the company, valued at $1,266,342. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders sold 26,272 shares of company stock valued at $264,421 in the last quarter. 3.46% of the stock is currently owned by corporate insiders.

CleanSpark Trading Up 1.4 %

Shares of CleanSpark stock opened at $9.38 on Monday. CleanSpark, Inc. has a one year low of $3.38 and a one year high of $24.72. The company has a 50-day simple moving average of $13.08 and a two-hundred day simple moving average of $15.81.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on CLSK shares. HC Wainwright reissued a “buy” rating and set a $27.00 target price on shares of CleanSpark in a research note on Wednesday, September 11th. JPMorgan Chase & Co. lowered their price objective on shares of CleanSpark from $12.50 to $10.50 and set a “neutral” rating for the company in a research report on Friday, August 23rd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $23.00 target price on shares of CleanSpark in a research report on Tuesday, September 3rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.97.

CleanSpark Profile

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.