KBC Group NV Increases Stock Holdings in CleanSpark, Inc. (NASDAQ:CLSK)

KBC Group NV boosted its stake in CleanSpark, Inc. (NASDAQ:CLSK) by 42.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,403 shares of the company’s stock after buying an additional 2,190 shares during the quarter. KBC Group NV’s holdings in CleanSpark were worth $69,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. National Bank of Canada FI lifted its holdings in 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 acquiring an additional 2,119 shares during the period. Russell Investments Group Ltd. increased 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 valued at $62,000 after purchasing an additional 787 shares during the last quarter. Hollencrest Capital Management bought a new stake in shares of CleanSpark during the 2nd quarter worth $48,000. Amalgamated Bank boosted its holdings in shares of CleanSpark by 18.4% in the 2nd quarter. Amalgamated Bank now owns 7,667 shares of the company’s stock worth $122,000 after buying an additional 1,194 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in CleanSpark by 21.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 7,689 shares of the company’s stock valued at $75,000 after buying an additional 1,345 shares during the period. 43.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on CLSK. HC Wainwright reaffirmed a “buy” rating and issued a $27.00 price objective on shares of CleanSpark in a research report on Wednesday, September 25th. Macquarie initiated coverage on shares of CleanSpark in a report on Wednesday, September 25th. They issued an “outperform” rating and a $20.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on CleanSpark from $12.50 to $10.50 and set a “neutral” rating for the company in a report on Friday, August 23rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $23.00 target price on shares of CleanSpark in a research report on Thursday, October 3rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $21.42.

CleanSpark Stock Up 16.5 %

CLSK opened at $15.10 on Friday. The company has a 50 day moving average of $11.37 and a 200 day moving average of $13.65. CleanSpark, Inc. has a 12 month low of $4.87 and a 12 month high of $24.72.

Insider Transactions at CleanSpark

In related news, Director Thomas Leigh Wood sold 22,222 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $9.24, for a total transaction of $205,331.28. Following the completion of the transaction, the director now owns 137,050 shares of the company’s stock, valued at approximately $1,266,342. The trade was a 13.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 26,272 shares of company stock valued at $250,003 over the last three months. Company insiders own 2.99% of the company’s stock.

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.