Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 4,881 Shares of Cleanspark, Inc. $CLSK

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Cleanspark, Inc. (NASDAQ:CLSK) by 7.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,408 shares of the company’s stock after acquiring an additional 4,881 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Cleanspark were worth $788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Nuveen LLC bought a new stake in Cleanspark during the first quarter valued at about $8,109,000. Public Sector Pension Investment Board purchased a new position in shares of Cleanspark during the 1st quarter valued at about $5,925,000. Rhumbline Advisers lifted its position in shares of Cleanspark by 115.8% during the 1st quarter. Rhumbline Advisers now owns 720,903 shares of the company’s stock valued at $4,844,000 after buying an additional 386,809 shares in the last quarter. Swiss National Bank grew its stake in shares of Cleanspark by 13.8% during the 1st quarter. Swiss National Bank now owns 566,800 shares of the company’s stock valued at $3,809,000 after acquiring an additional 68,900 shares during the period. Finally, Mutual of America Capital Management LLC purchased a new stake in Cleanspark in the 1st quarter worth approximately $272,000. 43.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Cleanspark

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

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Chardan Capital lifted their price target on shares of Cleanspark from $20.00 to $30.00 and gave the company a “buy” rating in a report on Monday, October 13th. BTIG Research lifted their target price on shares of Cleanspark from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Needham & Company LLC increased their price target on Cleanspark from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. raised Cleanspark from a “neutral” rating to an “overweight” rating and set a $14.00 price target on the stock in a report on Monday. Finally, B. Riley upped their price objective on Cleanspark from $17.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.02.

Cleanspark Trading Up 18.0%

Shares of CLSK stock opened at $11.48 on Tuesday. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 13.51 and a beta of 3.79. Cleanspark, Inc. has a 12-month low of $6.45 and a 12-month high of $23.61. The stock’s 50-day moving average price is $15.76 and its 200-day moving average price is $12.25.

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.