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Janus Henderson Group PLC increased its stake in CleanSpark, Inc. (NASDAQ:CLSK – Free Report) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,300 shares of the company’s stock after purchasing an additional 10,600 shares during the quarter. Janus Henderson Group PLC’s holdings in CleanSpark were worth $1,061,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of CLSK. Price T Rowe Associates Inc. MD lifted its holdings in CleanSpark by 1,018.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,687,022 shares of the company’s stock worth $15,538,000 after purchasing an additional 1,536,145 shares during the period. Jump Financial LLC acquired a new stake in CleanSpark in the 4th quarter valued at about $13,443,000. Shaolin Capital Management LLC acquired a new stake in CleanSpark in the 4th quarter valued at about $8,559,000. Invesco Ltd. lifted its holdings in CleanSpark by 44.2% in the 4th quarter. Invesco Ltd. now owns 2,984,362 shares of the company’s stock valued at $27,486,000 after acquiring an additional 914,279 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in CleanSpark by 40.0% in the 4th quarter. Van ECK Associates Corp now owns 2,227,199 shares of the company’s stock valued at $20,513,000 after acquiring an additional 636,511 shares during the last quarter. Institutional investors and hedge funds own 43.12% of the company’s stock.
Insiders Place Their Bets
In other news, Director Roger Paul Beynon sold 50,000 shares of the company’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $10.51, for a total value of $525,500.00. Following the transaction, the director now owns 125,511 shares in the company, valued at $1,319,120.61. This represents a 28.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Amanda Cavaleri sold 13,000 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $7.97, for a total value of $103,610.00. Following the completion of the transaction, the director now owns 140,289 shares in the company, valued at $1,118,103.33. This represents a 8.48% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.65% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on CLSK. HC Wainwright reissued a “buy” rating and issued a $27.00 price target on shares of CleanSpark in a report on Friday, February 7th. Chardan Capital began coverage on shares of CleanSpark in a report on Wednesday. They issued a “buy” rating and a $20.00 price target for the company. JPMorgan Chase & Co. cut their price target on shares of CleanSpark from $17.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Keefe, Bruyette & Woods began coverage on shares of CleanSpark in a report on Monday, January 27th. They issued an “outperform” rating and a $19.00 price target for the company. Finally, Needham & Company LLC started coverage on shares of CleanSpark in a report on Wednesday, February 12th. They issued a “buy” rating and a $20.00 price target for the company. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $20.71.
Read Our Latest Report on CleanSpark
CleanSpark Trading Down 5.2%
NASDAQ CLSK opened at $9.36 on Friday. The stock’s 50-day moving average price is $8.28 and its two-hundred day moving average price is $10.18. The company has a market cap of $2.63 billion, a PE ratio of 85.10 and a beta of 4.36. CleanSpark, Inc. has a 1 year low of $6.45 and a 1 year high of $20.64.
CleanSpark (NASDAQ:CLSK – Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.05). The company had revenue of $181.71 million for the quarter, compared to analyst estimates of $196.43 million. CleanSpark had a negative return on equity of 2.61% and a net margin of 16.07%. CleanSpark’s quarterly revenue was up 62.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 EPS. Research analysts forecast that CleanSpark, Inc. will post 0.58 EPS for the current fiscal year.
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.
Further Reading
Want to see what other hedge funds are holding CLSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CleanSpark, Inc. (NASDAQ:CLSK – Free Report).
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