Charles Schwab Investment Management Inc. Has $20.50 Million Stock Position in CleanSpark, Inc. (NASDAQ:CLSK)

Charles Schwab Investment Management Inc. grew its stake in CleanSpark, Inc. (NASDAQ:CLSK) by 10.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,194,835 shares of the company’s stock after purchasing an additional 208,862 shares during the period. Charles Schwab Investment Management Inc. owned about 0.87% of CleanSpark worth $20,500,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CLSK. National Bank of Canada FI raised its stake in shares of CleanSpark by 470.9% in the second quarter. National Bank of Canada FI now owns 2,569 shares of the company’s stock valued at $41,000 after purchasing an additional 2,119 shares in the last quarter. Hollencrest Capital Management bought a new stake in CleanSpark in the second quarter valued at about $48,000. KBC Group NV boosted its stake in CleanSpark by 42.0% in the 3rd quarter. KBC Group NV now owns 7,403 shares of the company’s stock valued at $69,000 after buying an additional 2,190 shares in the last quarter. Amalgamated Bank increased 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 purchasing an additional 1,194 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of CleanSpark by 21.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 7,689 shares of the company’s stock valued at $75,000 after acquiring an additional 1,345 shares during the last quarter. Institutional investors own 43.12% of the company’s stock.

Insider Buying and Selling at CleanSpark

In related news, Director Thomas Leigh Wood sold 22,222 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 137,050 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have sold 26,272 shares of company stock worth $254,836. Insiders own 2.99% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on CLSK shares. JPMorgan Chase & Co. decreased their target price on CleanSpark from $12.50 to $10.50 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $23.00 target price on shares of CleanSpark in a research note on Thursday, October 3rd. Macquarie increased their target price on CleanSpark from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, HC Wainwright reissued a “buy” rating and set a $27.00 price target on shares of CleanSpark in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.08.

CleanSpark Stock Up 7.5 %

Shares of CLSK opened at $14.97 on Friday. CleanSpark, Inc. has a twelve month low of $6.41 and a twelve month high of $24.72. The company has a 50 day moving average of $12.34 and a 200-day moving average of $13.50. The stock has a market capitalization of $3.79 billion, a P/E ratio of -25.81 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.