CleanSpark, Inc. (NASDAQ:CLSK - Get Free Report) CTO Taylor Monnig sold 1,350 shares of the firm's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $11.88, for a total value of $16,038.00. Following the completion of the sale, the chief technology officer now directly owns 204,220 shares in the company, valued at approximately $2,426,133.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Taylor Monnig also recently made the following trade(s):
- On Friday, September 27th, Taylor Monnig sold 1,350 shares of CleanSpark stock. The shares were sold at an average price of $10.44, for a total value of $14,094.00.
- 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 value of $14,539.50.
CleanSpark Trading Down 4.8 %
Shares of CleanSpark stock opened at $11.39 on Friday. The company has a 50-day simple moving average of $10.19 and a two-hundred day simple moving average of $14.14. CleanSpark, Inc. has a twelve month low of $3.46 and a twelve month high of $24.72.
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CleanSpark (NASDAQ:CLSK - Get Free Report) last issued its earnings results on Friday, August 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). CleanSpark had a negative return on equity of 3.64% and a negative net margin of 46.31%. The firm had revenue of $104.11 million during the quarter, compared to analyst estimates of $114.04 million. Analysts predict that CleanSpark, Inc. will post -0.06 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their target price on CleanSpark from $12.50 to $10.50 and set a "neutral" rating for the company in a report on Friday, August 23rd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $23.00 target price on shares of CleanSpark in a research report on Thursday, October 3rd. Macquarie assumed coverage on CleanSpark in a research report on Wednesday, September 25th. They issued an "outperform" rating and a $20.00 target price on the stock. Finally, HC Wainwright reissued a "buy" rating and set a $27.00 price objective on shares of CleanSpark in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $19.11.
Read Our Latest Research Report on CleanSpark
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in CLSK. National Bank of Canada FI increased its position in CleanSpark by 470.9% in the 2nd quarter. National Bank of Canada FI now owns 2,569 shares of the company's stock valued at $41,000 after buying an additional 2,119 shares in the last quarter. Hollencrest Capital Management bought a new stake in shares of CleanSpark during the second quarter valued at approximately $48,000. Russell Investments Group Ltd. raised its position in shares of CleanSpark by 36.8% during the first quarter. Russell Investments Group Ltd. now owns 2,926 shares of the company's stock worth $62,000 after purchasing an additional 787 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of CleanSpark by 21.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,689 shares of the company's stock worth $75,000 after purchasing an additional 1,345 shares in the last quarter. Finally, Doliver Advisors LP acquired a new stake in CleanSpark in the 3rd quarter valued at $117,000. 43.12% of the stock is owned by institutional investors and hedge funds.
About CleanSpark
(
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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