Creative Planning Has $166,000 Stake in CleanSpark, Inc. (NASDAQ:CLSK)

Creative Planning decreased its stake in shares of CleanSpark, Inc. (NASDAQ:CLSK) by 11.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,773 shares of the company’s stock after selling 2,212 shares during the quarter. Creative Planning’s holdings in CleanSpark were worth $166,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of CleanSpark by 58.5% during the 1st quarter. Vanguard Group Inc. now owns 12,755,249 shares of the company’s stock worth $270,539,000 after buying an additional 4,706,738 shares during the period. Millennium Management LLC grew its position in shares of 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 during the period. Marshall Wace LLP acquired a new stake in shares of CleanSpark during the 2nd quarter worth approximately $18,074,000. Van ECK Associates Corp grew its position in shares of CleanSpark by 21.5% during the 2nd quarter. Van ECK Associates Corp now owns 969,896 shares of the company’s stock worth $15,470,000 after buying an additional 171,627 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of CleanSpark by 32.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 871,793 shares of the company’s stock worth $13,905,000 after buying an additional 215,124 shares during the period. Institutional investors and hedge funds own 43.12% of the company’s stock.

Insider Transactions at CleanSpark

In other news, Director Thomas Leigh Wood sold 22,222 shares of CleanSpark stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $9.24, for a total transaction of $205,331.28. Following the sale, the director now directly owns 137,050 shares in the company, valued at $1,266,342. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 26,272 shares of company stock worth $250,003 in the last ninety days. Company insiders own 2.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $23.00 price target on shares of CleanSpark in a research report on Thursday, October 3rd. HC Wainwright reissued a “buy” rating and issued a $27.00 price target on shares of CleanSpark in a research report on Wednesday, September 25th. JPMorgan Chase & Co. reduced their price target on shares of CleanSpark from $12.50 to $10.50 and set a “neutral” rating for the company in a research report on Friday, August 23rd. Finally, Macquarie assumed coverage on shares of CleanSpark in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $20.00 price target for the company. 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 an average rating of “Moderate Buy” and an average target price of $21.42.

CleanSpark Stock Performance

Shares of NASDAQ:CLSK opened at $17.61 on Tuesday. The stock’s fifty day simple moving average is $10.23 and its two-hundred day simple moving average is $13.78. CleanSpark, Inc. has a 1-year low of $3.60 and a 1-year high of $24.72.

CleanSpark (NASDAQ:CLSK) last released its earnings results on Friday, August 9th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $104.11 million for the quarter, compared to the consensus estimate of $114.04 million. CleanSpark had a negative return on equity of 3.64% and a negative net margin of 46.31%. As a group, research analysts expect that CleanSpark, Inc. will post -0.06 earnings per share for the current fiscal year.

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.