Virtu Financial LLC Takes Position in CleanSpark, Inc. (NASDAQ:CLSK)

Virtu Financial LLC acquired a new stake in CleanSpark, Inc. (NASDAQ:CLSK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,738 shares of the company’s stock, valued at approximately $338,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its stake in shares of CleanSpark by 5.0% in the 3rd quarter. FMR LLC now owns 24,729 shares of the company’s stock valued at $231,000 after buying an additional 1,170 shares during the period. Victory Capital Management Inc. lifted its holdings in CleanSpark by 2.6% in the third quarter. Victory Capital Management Inc. now owns 67,981 shares of the company’s stock valued at $635,000 after acquiring an additional 1,709 shares during the last quarter. Sigma Planning Corp grew its position in CleanSpark by 11.9% in the fourth quarter. Sigma Planning Corp now owns 17,518 shares of the company’s stock worth $161,000 after acquiring an additional 1,865 shares during the period. KBC Group NV increased its stake in CleanSpark by 36.5% during the fourth quarter. KBC Group NV now owns 10,103 shares of the company’s stock worth $93,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Xponance Inc. raised its position in CleanSpark by 19.2% in the fourth quarter. Xponance Inc. now owns 17,901 shares of the company’s stock valued at $165,000 after purchasing an additional 2,886 shares during the period. 43.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CLSK has been the subject of a number of recent analyst reports. Macquarie raised their price objective on CleanSpark from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Needham & Company LLC initiated coverage on shares of CleanSpark in a research note on Wednesday, February 12th. They issued a “buy” rating and a $20.00 price target on the stock. HC Wainwright restated a “buy” rating and issued a $27.00 price objective on shares of CleanSpark in a report on Friday, February 7th. JPMorgan Chase & Co. dropped their target price 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. Finally, Chardan Capital upgraded CleanSpark to a “strong-buy” rating in a research note on Monday. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, CleanSpark presently has a consensus rating of “Buy” and a consensus price target of $21.57.

CleanSpark Price Performance

CLSK stock opened at $7.84 on Friday. The business’s 50-day moving average is $9.42 and its two-hundred day moving average is $10.73. The firm has a market capitalization of $2.20 billion, a P/E ratio of 71.28 and a beta of 4.20. CleanSpark, Inc. has a 1 year low of $7.22 and a 1 year high of $24.10.

CleanSpark (NASDAQ:CLSK) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. CleanSpark had a net margin of 16.07% and a negative return on equity of 2.61%. On average, analysts expect that CleanSpark, Inc. will post 0.58 EPS for the current year.

Insider Transactions at CleanSpark

In related news, Chairman S. Matthew Schultz sold 9,010 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $10.64, for a total value of $95,866.40. Following the transaction, the chairman now directly owns 2,450,010 shares of the company’s stock, valued at $26,068,106.40. This trade represents a 0.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Amanda Cavaleri sold 13,000 shares of CleanSpark stock in a transaction on Monday, March 24th. The stock was sold at an average price of $7.97, for a total transaction of $103,610.00. Following the sale, the director now owns 140,289 shares in the company, valued at $1,118,103.33. This represents a 8.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,836 shares of company stock valued at $335,945. 2.65% of the stock is currently owned by corporate insiders.

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.