Hennion & Walsh Asset Management Inc. Has $427,000 Stock Holdings in CleanSpark, Inc. (NASDAQ:CLSK)

Hennion & Walsh Asset Management Inc. grew its position in CleanSpark, Inc. (NASDAQ:CLSK) by 121.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 46,323 shares of the company’s stock after buying an additional 25,444 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in CleanSpark were worth $427,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CLSK. GAMMA Investing LLC boosted its holdings in CleanSpark by 962.1% in the fourth quarter. GAMMA Investing LLC now owns 3,951 shares of the company’s stock valued at $36,000 after acquiring an additional 3,579 shares during the last quarter. 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 valued at $37,000 after purchasing an additional 1,000 shares during the period. KBC Group NV boosted its stake in shares of 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 purchasing an additional 2,190 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of CleanSpark by 21.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,689 shares of the company’s stock worth $75,000 after buying an additional 1,345 shares during the period. Finally, Doliver Advisors LP acquired a new stake in shares of CleanSpark during the 3rd quarter worth approximately $117,000. Institutional investors own 43.12% of the company’s stock.

CleanSpark Stock Performance

NASDAQ CLSK opened at $11.87 on Tuesday. The business has a 50 day simple moving average of $12.26 and a 200 day simple moving average of $12.12. CleanSpark, Inc. has a 52-week low of $6.41 and a 52-week high of $24.72. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of -20.47 and a beta of 4.26.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CLSK shares. JPMorgan Chase & Co. raised shares of CleanSpark from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $10.50 to $17.00 in a research note on Tuesday, December 10th. Cantor Fitzgerald restated an “overweight” rating and issued a $23.00 price target on shares of CleanSpark in a research report on Thursday, October 3rd. HC Wainwright reiterated a “buy” rating and issued a $27.00 price objective on shares of CleanSpark in a report on Tuesday, December 3rd. Finally, Macquarie upped their price target on CleanSpark from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $23.17.

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.