Intrepid Financial Planning Group LLC Boosts Position in CleanSpark, Inc. (NASDAQ:CLSK)

Intrepid Financial Planning Group LLC boosted its holdings in CleanSpark, Inc. (NASDAQ:CLSK) by 14.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,023 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. Intrepid Financial Planning Group LLC’s holdings in CleanSpark were worth $319,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Shariaportfolio Inc. boosted its stake in CleanSpark by 4.6% in the second quarter. Shariaportfolio Inc. now owns 653,304 shares of the company’s stock valued at $10,421,000 after acquiring an additional 28,767 shares in the last quarter. Amalgamated Bank boosted its position in shares of CleanSpark by 18.4% in the 2nd quarter. Amalgamated Bank now owns 7,667 shares of the company’s stock valued at $122,000 after purchasing an additional 1,194 shares during the period. Virtu Financial LLC boosted its position in shares of CleanSpark by 1,249.1% in the 2nd quarter. Virtu Financial LLC now owns 150,698 shares of the company’s stock valued at $2,404,000 after purchasing an additional 139,528 shares during the period. Federated Hermes Inc. grew its stake in CleanSpark by 41.9% during the 2nd quarter. Federated Hermes Inc. now owns 64,410 shares of the company’s stock worth $1,027,000 after buying an additional 19,023 shares during the last quarter. Finally, VitalStone Financial LLC increased its position in CleanSpark by 333.2% during the second quarter. VitalStone Financial LLC now owns 63,481 shares of the company’s stock worth $1,013,000 after buying an additional 48,826 shares during the period. 43.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity at CleanSpark

In other CleanSpark news, Director Thomas Leigh Wood sold 22,222 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $9.24, for a total transaction of $205,331.28. Following the transaction, the director now owns 137,050 shares in the company, valued at approximately $1,266,342. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 26,272 shares of company stock worth $264,421 over the last 90 days. Company insiders own 3.46% of the company’s stock.

CleanSpark Stock Down 3.4 %

Shares of NASDAQ CLSK opened at $8.84 on Thursday. The stock has a fifty day moving average price of $12.70 and a 200 day moving average price of $15.64. CleanSpark, Inc. has a 1-year low of $3.38 and a 1-year high of $24.72.

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

CleanSpark Company 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.