CleanSpark, Inc. (NASDAQ:CLSK) Shares Acquired by State Street Corp

State Street Corp boosted its stake in CleanSpark, Inc. (NASDAQ:CLSK) by 4.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 6,073,912 shares of the company’s stock after acquiring an additional 261,195 shares during the quarter. State Street Corp owned 2.40% of CleanSpark worth $56,730,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Marshall Wace LLP acquired a new stake in shares of CleanSpark in the second quarter valued at about $18,074,000. Van ECK Associates Corp boosted its holdings in CleanSpark by 64.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,590,688 shares of the company’s stock worth $14,857,000 after buying an additional 620,792 shares during the last quarter. Millennium Management LLC increased its stake in CleanSpark by 74.6% during the 2nd quarter. Millennium Management LLC now owns 1,251,278 shares of the company’s stock worth $19,958,000 after buying an additional 534,825 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of CleanSpark by 32.8% during the second quarter. Bank of New York Mellon Corp now owns 871,793 shares of the company’s stock valued at $13,905,000 after acquiring an additional 215,124 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of CleanSpark in the third quarter valued at approximately $1,960,000. Hedge funds and other institutional investors own 43.12% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on CLSK. HC Wainwright reiterated a “buy” rating and set a $27.00 price target on shares of CleanSpark in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. upgraded shares of CleanSpark from a “neutral” rating to an “overweight” rating and increased their target price for the company from $10.50 to $17.00 in a research report on Tuesday, December 10th. Macquarie boosted 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, December 4th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $23.00 price objective on shares of CleanSpark in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $23.17.

CleanSpark Price Performance

Shares of CLSK stock opened at $11.32 on Thursday. The company has a market capitalization of $3.31 billion, a PE ratio of -19.52 and a beta of 4.16. The firm’s 50-day moving average is $12.85 and its two-hundred day moving average is $13.21. CleanSpark, Inc. has a 12 month low of $6.41 and a 12 month high of $24.72.

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.