Advantage Alpha Capital Partners LP Sells 8,782 Shares of Cleanspark, Inc. $CLSK

Advantage Alpha Capital Partners LP cut its position in Cleanspark, Inc. (NASDAQ:CLSK) by 19.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,753 shares of the company’s stock after selling 8,782 shares during the period. Advantage Alpha Capital Partners LP’s holdings in Cleanspark were worth $405,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Cleanspark during the 2nd quarter worth $29,000. Fifth Third Bancorp increased its holdings in shares of Cleanspark by 145.3% in the second quarter. Fifth Third Bancorp now owns 2,860 shares of the company’s stock worth $32,000 after acquiring an additional 1,694 shares in the last quarter. Strs Ohio acquired a new stake in shares of Cleanspark during the first quarter worth about $38,000. West Oak Capital LLC lifted its holdings in shares of Cleanspark by 3,422.5% during the 2nd quarter. West Oak Capital LLC now owns 6,728 shares of the company’s stock valued at $74,000 after purchasing an additional 6,537 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Cleanspark in the 1st quarter valued at approximately $47,000. 43.12% of the stock is owned by institutional investors.

Insider Buying and Selling at Cleanspark

In other Cleanspark news, COO Taylor Monnig sold 63,713 shares of the firm’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 sale, the chief operating officer owned 120,337 shares in the company, 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 at this link. Insiders own 2.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cleanspark in a research note on Wednesday, October 8th. BTIG Research boosted their price objective on shares of Cleanspark from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, October 13th. B. Riley cut their price target on shares of Cleanspark from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday. Needham & Company LLC raised their price objective on Cleanspark from $23.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $21.00 price target on shares of Cleanspark in a research report on Wednesday. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Cleanspark has a consensus rating of “Moderate Buy” and a consensus target price of $23.20.

Cleanspark Price Performance

Shares of NASDAQ:CLSK opened at $13.45 on Friday. The firm has a 50 day moving average of $15.81 and a 200-day moving average of $12.28. Cleanspark, Inc. has a 12 month low of $6.45 and a 12 month high of $23.61. The company has a current ratio of 4.18, a quick ratio of 4.37 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $3.44 billion, a PE ratio of 12.12 and a beta of 3.79.

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.