CleanSpark, Inc. (NASDAQ:CLSK) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in shares of CleanSpark, Inc. (NASDAQ:CLSK) by 2.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,981 shares of the company’s stock after acquiring an additional 1,709 shares during the quarter. Victory Capital Management Inc.’s holdings in CleanSpark were worth $635,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Apollon Wealth Management LLC purchased a new stake in CleanSpark during the 3rd quarter worth approximately $183,000. United Capital Management of KS Inc. grew its holdings in shares of CleanSpark by 27.2% during the third quarter. United Capital Management of KS Inc. now owns 29,194 shares of the company’s stock valued at $273,000 after buying an additional 6,245 shares during the last quarter. Los Angeles Capital Management LLC increased its position in shares of CleanSpark by 17.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 33,760 shares of the company’s stock valued at $315,000 after acquiring an additional 5,010 shares during the period. State of New Jersey Common Pension Fund D raised its stake in CleanSpark by 49.7% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 163,123 shares of the company’s stock worth $1,524,000 after acquiring an additional 54,169 shares during the last quarter. Finally, Hollencrest Capital Management lifted its position in CleanSpark by 33.3% during the 3rd quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock worth $37,000 after acquiring an additional 1,000 shares during the period. 43.12% of the stock is owned by hedge funds and other institutional investors.

CleanSpark Stock Performance

CleanSpark stock opened at $13.86 on Friday. CleanSpark, Inc. has a 12 month low of $5.71 and a 12 month high of $24.72. The stock’s 50 day simple moving average is $11.76 and its two-hundred day simple moving average is $13.59.

Insider Activity at CleanSpark

In other CleanSpark news, Director Thomas Leigh Wood sold 22,222 shares of CleanSpark stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $9.24, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 24,922 shares of company stock worth $235,463 in the last three months. Company insiders own 2.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $23.00 price objective on shares of CleanSpark in a report on Thursday, October 3rd. HC Wainwright reiterated a “buy” rating and issued a $27.00 price target on shares of CleanSpark in a report on Wednesday, September 25th. Macquarie began coverage on shares of CleanSpark in a research note on Wednesday, September 25th. They set an “outperform” rating and a $20.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their price objective on shares of CleanSpark from $12.50 to $10.50 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. One equities research 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.42.

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.