CleanSpark, Inc. (NASDAQ:CLSK) Shares Bought by Shariaportfolio Inc.

Shariaportfolio Inc. raised its holdings in CleanSpark, Inc. (NASDAQ:CLSK) by 18.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 771,810 shares of the company’s stock after acquiring an additional 118,317 shares during the quarter. CleanSpark accounts for about 3.4% of Shariaportfolio Inc.’s holdings, making the stock its 9th biggest position. Shariaportfolio Inc.’s holdings in CleanSpark were worth $7,108,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Compagnie Lombard Odier SCmA purchased a new stake in CleanSpark during the fourth quarter worth about $31,000. GAMMA Investing LLC boosted its holdings in CleanSpark by 962.1% during the fourth quarter. GAMMA Investing LLC now owns 3,951 shares of the company’s stock worth $36,000 after buying an additional 3,579 shares in the last quarter. Hollencrest Capital Management boosted its holdings in CleanSpark by 33.3% during the third quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock worth $37,000 after buying an additional 1,000 shares in the last quarter. KBC Group NV boosted its holdings in CleanSpark by 42.0% during the third quarter. KBC Group NV now owns 7,403 shares of the company’s stock worth $69,000 after buying an additional 2,190 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in CleanSpark by 21.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 7,689 shares of the company’s stock worth $75,000 after buying an additional 1,345 shares in the last quarter. Institutional investors and hedge funds own 43.12% of the company’s stock.

CleanSpark Stock Performance

Shares of CLSK stock opened at $9.25 on Monday. CleanSpark, Inc. has a one year low of $8.04 and a one year high of $24.72. The company has a 50 day moving average price of $10.61 and a 200 day moving average price of $11.21. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 84.05 and a beta of 4.24.

CleanSpark (NASDAQ:CLSK) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.04. CleanSpark had a net margin of 16.07% and a negative return on equity of 2.61%. As a group, equities analysts forecast that CleanSpark, Inc. will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling

In other CleanSpark news, Chairman S. Matthew Schultz sold 9,010 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $10.64, for a total transaction of $95,866.40. Following the completion of the sale, the chairman now directly owns 2,450,010 shares in the company, valued at $26,068,106.40. The trade was a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Zachary Bradford sold 10,533 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $10.64, for a total transaction of $112,071.12. Following the sale, the chief executive officer now owns 3,059,326 shares of the company’s stock, valued at approximately $32,551,228.64. This represents a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,536 shares of company stock valued at $265,748. Insiders own 2.65% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CLSK. Keefe, Bruyette & Woods began coverage on shares of CleanSpark in a report on Monday, January 27th. They set an “outperform” rating and a $19.00 price objective on the stock. Needham & Company LLC started coverage on shares of CleanSpark in a report on Wednesday, February 12th. They set a “buy” rating and a $20.00 price objective on the stock. Macquarie lifted their target price 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. HC Wainwright restated a “buy” rating and set a $27.00 target price on shares of CleanSpark in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. upgraded shares of CleanSpark from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $10.50 to $17.00 in a research report on Tuesday, December 10th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, CleanSpark currently has an average rating of “Buy” and a consensus target price of $22.25.

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.