Investors Purchase Large Volume of Call Options on CleanSpark (NASDAQ:CLSK)

CleanSpark, Inc. (NASDAQ:CLSKGet Free Report) was the target of some unusual options trading on Tuesday. Stock traders acquired 153,654 call options on the company. This represents an increase of approximately 372% compared to the average volume of 32,531 call options.

CleanSpark Stock Up 14.7 %

CleanSpark stock opened at $16.01 on Tuesday. The stock’s 50 day simple moving average is $9.60 and its two-hundred day simple moving average is $6.39. CleanSpark has a fifty-two week low of $2.04 and a fifty-two week high of $16.44.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CLSK shares. BTIG Research lifted their price objective on CleanSpark from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Monday, December 11th. Sanford C. Bernstein started coverage on CleanSpark in a research note on Tuesday, October 31st. They issued an “outperform” rating and a $5.30 target price on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 target price on shares of CleanSpark in a research note on Friday, December 1st. HC Wainwright reissued a “buy” rating and issued a $14.00 target price on shares of CleanSpark in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $8.00 target price (down from $9.00) on shares of CleanSpark in a research note on Friday, December 8th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, CleanSpark currently has an average rating of “Moderate Buy” and a consensus price target of $10.05.

Read Our Latest Analysis on CleanSpark

Insider Buying and Selling at CleanSpark

In other CleanSpark news, Director Larry Mcneill sold 40,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $10.42, for a total transaction of $416,800.00. Following the sale, the director now owns 249,637 shares in the company, valued at $2,601,217.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.46% of the company’s stock.

Institutional Trading of CleanSpark

Large investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its position in CleanSpark by 60.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,717 shares of the company’s stock valued at $25,000 after acquiring an additional 2,150 shares in the last quarter. Barclays PLC boosted its position in shares of CleanSpark by 533.2% in the 4th quarter. Barclays PLC now owns 12,253 shares of the company’s stock worth $25,000 after purchasing an additional 10,318 shares in the last quarter. State of Wyoming bought a new stake in shares of CleanSpark in the 2nd quarter worth approximately $27,000. Lazard Asset Management LLC boosted its position in shares of CleanSpark by 3,177.3% in the 3rd quarter. Lazard Asset Management LLC now owns 7,931 shares of the company’s stock worth $29,000 after purchasing an additional 7,689 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of CleanSpark in the 3rd quarter worth approximately $30,000. 34.06% of the stock is owned by institutional investors.

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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