Thrivent Financial for Lutherans Trims Stake in CleanSpark, Inc. (NASDAQ:CLSK)

Thrivent Financial for Lutherans trimmed its holdings in shares of CleanSpark, Inc. (NASDAQ:CLSK) by 54.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,720 shares of the company’s stock after selling 46,998 shares during the quarter. Thrivent Financial for Lutherans’ holdings in CleanSpark were worth $371,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Clarity Capital Partners LLC boosted its position in shares of CleanSpark by 100.8% in the 3rd quarter. Clarity Capital Partners LLC now owns 175,056 shares of the company’s stock worth $1,635,000 after purchasing an additional 87,891 shares in the last quarter. SRN Advisors LLC increased its stake in shares of CleanSpark by 65.3% in the 3rd quarter. SRN Advisors LLC now owns 261,427 shares of the company’s stock valued at $2,442,000 after purchasing an additional 103,283 shares in the last quarter. Millennium Management LLC grew its stake in CleanSpark by 74.6% in the 2nd quarter. Millennium Management LLC now owns 1,251,278 shares of the company’s stock valued at $19,958,000 after acquiring an additional 534,825 shares during the period. Granite Bay Wealth Management LLC acquired a new position in shares of CleanSpark during the 2nd quarter worth about $1,563,000. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its position in shares of CleanSpark by 50.0% in the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 300,000 shares of the company’s stock valued at $2,802,000 after acquiring an additional 100,000 shares in the last quarter. 43.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CLSK shares. HC Wainwright reiterated a “buy” rating and issued a $27.00 price objective on shares of CleanSpark in a report on Tuesday. Cantor Fitzgerald reiterated an “overweight” rating and set a $23.00 price target on shares of CleanSpark in a research report on Thursday, October 3rd. Macquarie increased their price target on shares of CleanSpark from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, 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. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, CleanSpark has an average rating of “Moderate Buy” and an average price target of $22.08.

Insider Buying and Selling at CleanSpark

In other CleanSpark news, Director Thomas Leigh Wood sold 22,222 shares of the stock in a transaction dated 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 directly owns 137,050 shares of the company’s stock, valued at approximately $1,266,342. This trade represents a 13.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 26,272 shares of company stock worth $254,836. 2.99% of the stock is currently owned by insiders.

CleanSpark Stock Performance

NASDAQ CLSK opened at $13.93 on Friday. CleanSpark, Inc. has a one year low of $6.41 and a one year high of $24.72. The firm’s fifty day moving average is $12.24 and its two-hundred day moving average is $13.53. The firm has a market cap of $3.53 billion, a PE ratio of -24.02 and a beta of 4.16.

About CleanSpark

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.