CleanSpark, Inc. (NASDAQ:CLSK - Get Free Report) CTO Taylor Monnig sold 1,350 shares of the firm's stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $10.44, for a total transaction of $14,094.00. Following the sale, the chief technology officer now owns 209,652 shares of the company's stock, valued at approximately $2,188,766.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Taylor Monnig also recently made the following trade(s):
- On Friday, August 30th, Taylor Monnig sold 1,350 shares of CleanSpark stock. The shares were sold at an average price of $10.77, for a total transaction of $14,539.50.
- On Friday, July 26th, Taylor Monnig sold 1,350 shares of CleanSpark stock. The stock was sold at an average price of $16.97, for a total value of $22,909.50.
CleanSpark Stock Up 0.4 %
CLSK stock opened at $10.13 on Friday. The company has a fifty day moving average price of $11.73 and a 200-day moving average price of $15.32. CleanSpark, Inc. has a 52-week low of $3.38 and a 52-week high of $24.72.
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CleanSpark (NASDAQ:CLSK - Get Free Report) last announced its earnings results on Friday, August 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company 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%. On average, equities research analysts anticipate that CleanSpark, Inc. will post -0.06 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of analysts have issued reports on CLSK shares. HC Wainwright reissued a "buy" rating and issued a $27.00 price objective on shares of CleanSpark in a report on Wednesday. JPMorgan Chase & Co. dropped their target price 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. Macquarie started coverage on CleanSpark in a research note on Wednesday. They issued an "outperform" rating and a $20.00 price target on the stock. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $23.00 price objective on shares of CleanSpark in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $19.11.
Check Out Our Latest Analysis on CLSK
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of CLSK. Sanctuary Advisors LLC bought a new stake in shares of CleanSpark in the 2nd quarter valued at $286,000. SRN Advisors LLC increased its stake in CleanSpark by 138.7% in the second quarter. SRN Advisors LLC now owns 158,144 shares of the company's stock valued at $2,522,000 after purchasing an additional 91,886 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of CleanSpark by 84.8% during the second quarter. Cetera Investment Advisers now owns 124,992 shares of the company's stock valued at $1,994,000 after purchasing an additional 57,354 shares during the period. Granite Bay Wealth Management LLC bought a new position in shares of CleanSpark during the 2nd quarter worth about $1,563,000. Finally, Senator Investment Group LP acquired a new stake in shares of CleanSpark in the 2nd quarter valued at about $1,148,000. Institutional investors and hedge funds own 43.12% of the company's stock.
CleanSpark Company Profile
(
Get Free Report)
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.
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