Dimensional Fund Advisors LP Has $113.62 Million Position in CleanSpark, Inc. (NASDAQ:CLSK)

Dimensional Fund Advisors LP lessened its stake in shares of CleanSpark, Inc. (NASDAQ:CLSK) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,123,593 shares of the company’s stock after selling 49,341 shares during the period. Dimensional Fund Advisors LP owned 3.13% of CleanSpark worth $113,623,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in CleanSpark by 58.5% during the 1st quarter. Vanguard Group Inc. now owns 12,755,249 shares of the company’s stock worth $270,539,000 after acquiring an additional 4,706,738 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of CleanSpark by 11.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,379,611 shares of the company’s stock valued at $15,217,000 after purchasing an additional 142,078 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of CleanSpark by 21.5% in the 2nd quarter. Van ECK Associates Corp now owns 969,896 shares of the company’s stock valued at $15,470,000 after purchasing an additional 171,627 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of CleanSpark by 32.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 871,793 shares of the company’s stock valued at $13,905,000 after purchasing an additional 215,124 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of CleanSpark by 21.3% in the 1st quarter. Swiss National Bank now owns 364,800 shares of the company’s stock valued at $7,737,000 after purchasing an additional 64,000 shares during the last quarter. Institutional investors own 43.12% of the company’s stock.

Analyst Upgrades and Downgrades

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

CleanSpark Stock Up 2.0 %

Shares of CLSK opened at $9.17 on Tuesday. CleanSpark, Inc. has a 12 month low of $3.38 and a 12 month high of $24.72. The stock’s 50-day moving average price is $12.26 and its two-hundred day moving average price is $15.48.

CleanSpark (NASDAQ:CLSK) last announced 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). The company had revenue of $104.11 million for the quarter, compared to analyst estimates of $114.04 million. CleanSpark had a negative return on equity of 3.64% and a negative net margin of 46.31%. As a group, research analysts anticipate that CleanSpark, Inc. will post -0.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Thomas Leigh Wood sold 22,222 shares of the business’s 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 transaction, the director now directly owns 137,050 shares of the company’s stock, valued at approximately $1,266,342. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 26,272 shares of company stock valued at $264,421. 3.46% of the stock is currently owned by company insiders.

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.