Voya Investment Management LLC Acquires 76,247 Shares of Cleanspark, Inc. $CLSK

Voya Investment Management LLC lifted its holdings in Cleanspark, Inc. (NASDAQ:CLSK) by 103.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,672 shares of the company’s stock after acquiring an additional 76,247 shares during the period. Voya Investment Management LLC owned 0.05% of Cleanspark worth $1,006,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Cleanspark by 22.8% in the 1st quarter. Vanguard Group Inc. now owns 24,145,612 shares of the company’s stock valued at $162,259,000 after acquiring an additional 4,489,866 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Cleanspark by 20.5% in the 1st quarter. Invesco Ltd. now owns 3,597,402 shares of the company’s stock valued at $24,175,000 after acquiring an additional 613,040 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Cleanspark by 26.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,117,672 shares of the company’s stock valued at $20,951,000 after acquiring an additional 652,811 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Cleanspark by 16.0% in the 1st quarter. Northern Trust Corp now owns 2,807,078 shares of the company’s stock valued at $18,864,000 after acquiring an additional 388,021 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Cleanspark by 128.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,579,277 shares of the company’s stock valued at $10,613,000 after acquiring an additional 889,317 shares during the last quarter. Institutional investors own 43.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. BTIG Research reaffirmed a “buy” rating on shares of Cleanspark in a report on Friday, June 13th. Macquarie increased their price objective on shares of Cleanspark from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. JPMorgan Chase & Co. increased their price objective on shares of Cleanspark from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. LADENBURG THALM/SH SH initiated coverage on shares of Cleanspark in a research report on Monday, July 28th. They issued a “buy” rating and a $20.25 price objective on the stock. Finally, Cantor Fitzgerald increased their price objective on shares of Cleanspark from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Ten analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $20.47.

Insider Transactions at Cleanspark

In related news, COO Taylor Monnig sold 63,713 shares of Cleanspark stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $9.12, for a total transaction of $581,062.56. Following the transaction, the chief operating officer directly owned 120,337 shares of the company’s stock, valued at $1,097,473.44. This trade represents a 34.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.65% of the stock is currently owned by insiders.

Cleanspark Stock Up 1.2%

Shares of CLSK stock opened at $13.91 on Wednesday. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 16.36 and a beta of 3.65. The company’s 50 day moving average is $10.79 and its 200 day moving average is $9.67. Cleanspark, Inc. has a 52-week low of $6.45 and a 52-week high of $17.97.

Cleanspark (NASDAQ:CLSK) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.71. The company had revenue of $198.64 million for the quarter, compared to analyst estimates of $191.33 million. Cleanspark had a net margin of 47.98% and a return on equity of 8.89%. Cleanspark’s revenue was up 90.8% compared to the same quarter last year. During the same period last year, the company posted ($1.03) earnings per share. Analysts anticipate that Cleanspark, Inc. will post 0.58 EPS for the current fiscal year.

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.