Quantbot Technologies LP Acquires Shares of 209,834 CleanSpark, Inc. (NASDAQ:CLSK)

Quantbot Technologies LP bought a new position in shares of CleanSpark, Inc. (NASDAQ:CLSK) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 209,834 shares of the company’s stock, valued at approximately $1,960,000.

A number of other hedge funds have also modified their holdings of CLSK. Charles Schwab Investment Management Inc. boosted its position in CleanSpark by 10.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,194,835 shares of the company’s stock worth $20,500,000 after acquiring an additional 208,862 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of CleanSpark by 64.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,590,688 shares of the company’s stock worth $14,857,000 after purchasing an additional 620,792 shares during the last quarter. Millennium Management LLC grew its position in shares of CleanSpark by 74.6% in the second quarter. Millennium Management LLC now owns 1,251,278 shares of the company’s stock valued at $19,958,000 after purchasing an additional 534,825 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of CleanSpark in the second quarter valued at approximately $18,074,000. Finally, Bank of New York Mellon Corp lifted its position in CleanSpark by 32.8% during the second 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 in the last quarter. 43.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CLSK has been the subject of a number of recent research reports. Macquarie started coverage on CleanSpark in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $20.00 target price for the company. HC Wainwright restated a “buy” rating and set a $27.00 price objective on shares of CleanSpark in a research report on Wednesday, September 25th. JPMorgan Chase & Co. decreased their target price on shares of CleanSpark from $12.50 to $10.50 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $23.00 price target on shares of CleanSpark in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.42.

CleanSpark Trading Up 6.4 %

Shares of CLSK opened at $13.86 on Friday. The firm has a 50-day simple moving average of $11.76 and a two-hundred day simple moving average of $13.59. CleanSpark, Inc. has a 1-year low of $5.71 and a 1-year high of $24.72.

Insider Buying and Selling

In related news, Director Thomas Leigh Wood sold 22,222 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $9.24, for a total value of $205,331.28. Following the sale, the director now owns 137,050 shares in the company, valued at approximately $1,266,342. The trade was a 13.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 24,922 shares of company stock valued at $235,463. Company insiders own 2.99% of the company’s stock.

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.