Ensign Peak Advisors Inc Buys 3,550 Shares of CleanSpark, Inc. (NASDAQ:CLSK)

Ensign Peak Advisors Inc grew its position in shares of CleanSpark, Inc. (NASDAQ:CLSK) by 5.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,847 shares of the company’s stock after buying an additional 3,550 shares during the quarter. Ensign Peak Advisors Inc’s holdings in CleanSpark were worth $1,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of CLSK. Scotia Capital Inc. increased its position in CleanSpark by 14.5% during the fourth quarter. Scotia Capital Inc. now owns 11,810 shares of the company’s stock valued at $130,000 after acquiring an additional 1,500 shares during the last quarter. Copperwynd Financial LLC purchased a new stake in shares of CleanSpark during the 4th quarter valued at about $112,000. Intrinsic Edge Capital Management LLC lifted its stake in shares of CleanSpark by 53.3% in the 4th quarter. Intrinsic Edge Capital Management LLC now owns 230,000 shares of the company’s stock worth $2,537,000 after purchasing an additional 80,000 shares during the period. VitalStone Financial LLC boosted its holdings in shares of CleanSpark by 21.7% in the fourth quarter. VitalStone Financial LLC now owns 10,825 shares of the company’s stock worth $119,000 after buying an additional 1,930 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in CleanSpark by 6.8% during the fourth quarter. Vanguard Group Inc. now owns 8,048,511 shares of the company’s stock valued at $88,775,000 after buying an additional 515,314 shares during the period. 43.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Macquarie assumed coverage on shares of CleanSpark in a research report on Wednesday. They issued an “outperform” rating and a $20.00 price target on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $23.00 target price on shares of CleanSpark in a report on Tuesday, September 3rd. JPMorgan Chase & Co. lowered their target price on CleanSpark from $12.50 to $10.50 and set a “neutral” rating on the stock in a research report on Friday, August 23rd. Finally, HC Wainwright restated a “buy” rating and issued a $27.00 price target on shares of CleanSpark in a research report on Wednesday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.11.

CleanSpark Trading Up 0.4 %

Shares of CLSK stock opened at $10.13 on Friday. The stock has a fifty day simple moving average of $11.57 and a two-hundred day simple moving average of $15.28. CleanSpark, Inc. has a 52-week low of $3.38 and a 52-week high of $24.72.

CleanSpark (NASDAQ:CLSK) last released its quarterly earnings data on Friday, August 9th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $104.11 million during 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%. As a group, research analysts anticipate that CleanSpark, Inc. will post -0.06 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Thomas Leigh Wood sold 22,222 shares of CleanSpark stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $9.24, for a total transaction of $205,331.28. Following the sale, the director now owns 137,050 shares in the company, valued at $1,266,342. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders sold 26,272 shares of company stock worth $256,874 in the last three months. 3.46% of the stock is owned by company insiders.

About CleanSpark

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.