Bank of New York Mellon Corp Purchases 103,139 Shares of Cleanspark, Inc. $CLSK

Bank of New York Mellon Corp grew its position in Cleanspark, Inc. (NASDAQ:CLSK) by 6.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,682,416 shares of the company’s stock after acquiring an additional 103,139 shares during the period. Bank of New York Mellon Corp owned 0.60% of Cleanspark worth $18,557,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Fifth Third Bancorp increased its holdings in Cleanspark by 145.3% during the 2nd quarter. Fifth Third Bancorp now owns 2,860 shares of the company’s stock valued at $32,000 after purchasing an additional 1,694 shares in the last quarter. Strs Ohio acquired a new stake in shares of Cleanspark in the first quarter valued at $38,000. Quarry LP bought a new position in shares of Cleanspark in the first quarter valued at about $47,000. Russell Investments Group Ltd. raised its holdings in shares of Cleanspark by 47.6% in the first quarter. Russell Investments Group Ltd. now owns 8,647 shares of the company’s stock valued at $58,000 after buying an additional 2,788 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Cleanspark during the first quarter valued at approximately $68,000. 43.12% of the stock is currently owned by institutional investors.

Cleanspark Trading Down 8.5%

Shares of CLSK opened at $10.96 on Monday. The stock has a market cap of $3.27 billion, a P/E ratio of 12.89 and a beta of 3.79. Cleanspark, Inc. has a 1 year low of $6.45 and a 1 year high of $23.61. The stock’s 50-day moving average price is $15.70 and its two-hundred day moving average price is $12.16.

Insider Transactions at Cleanspark

In other Cleanspark news, COO Taylor Monnig sold 63,713 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $9.12, for a total value of $581,062.56. Following the completion of the sale, the chief operating officer owned 120,337 shares of the company’s stock, valued at approximately $1,097,473.44. This represents a 34.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CLSK. HC Wainwright set a $30.00 price objective on shares of Cleanspark and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Cleanspark in a research note on Wednesday, October 8th. Chardan Capital upped their price target on Cleanspark from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Monday, October 13th. BTIG Research raised their price target on Cleanspark from $22.00 to $26.00 and gave the company a “buy” rating in a report on Monday, October 13th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $14.00 price objective (down from $15.00) on shares of Cleanspark in a report on Friday, September 26th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Cleanspark currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.02.

Cleanspark Company Profile

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.