CleanSpark, Inc. (NASDAQ:CLSK) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its position in shares of CleanSpark, Inc. (NASDAQ:CLSK) by 4.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,237 shares of the company’s stock after acquiring an additional 2,927 shares during the period. Vontobel Holding Ltd.’s holdings in CleanSpark were worth $591,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CLSK. National Bank of Canada FI grew its stake in shares of CleanSpark by 470.9% during the second quarter. National Bank of Canada FI now owns 2,569 shares of the company’s stock worth $41,000 after purchasing an additional 2,119 shares in the last quarter. Russell Investments Group Ltd. boosted its position 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 in the last quarter. Hollencrest Capital Management purchased a new position in shares of CleanSpark in the 2nd quarter valued at about $48,000. Banque Cantonale Vaudoise acquired a new stake in shares of CleanSpark during the 1st quarter worth about $109,000. Finally, Amalgamated Bank raised its position in shares of CleanSpark by 18.4% during the 2nd quarter. Amalgamated Bank now owns 7,667 shares of the company’s stock worth $122,000 after acquiring an additional 1,194 shares in the last quarter. 43.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on CLSK. Macquarie assumed coverage on shares of CleanSpark in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $20.00 price target on the stock. JPMorgan Chase & Co. dropped their target price on shares of CleanSpark from $12.50 to $10.50 and set a “neutral” rating on the stock in a research report on Friday, August 23rd. HC Wainwright reissued a “buy” rating and issued a $27.00 price target on shares of CleanSpark in a research report on Wednesday, September 25th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $23.00 price objective on shares of CleanSpark in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.11.

CleanSpark Price Performance

Shares of CleanSpark stock opened at $12.69 on Tuesday. CleanSpark, Inc. has a 1 year low of $3.46 and a 1 year high of $24.72. The company’s fifty day moving average is $10.15 and its two-hundred day moving average is $14.23.

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

Insider Buying and Selling at CleanSpark

In other news, Director Thomas Leigh Wood sold 22,222 shares of the company’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 completion of the sale, the director now owns 137,050 shares in the company, valued at $1,266,342. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 26,272 shares of company stock worth $256,874. 3.46% of the stock is currently owned by insiders.

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.