Cleanspark, Inc. $CLSK Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its holdings in shares of Cleanspark, Inc. (NASDAQ:CLSK) by 14.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,100 shares of the company’s stock after purchasing an additional 8,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in Cleanspark were worth $707,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Cleanspark by 22.8% in the first quarter. Vanguard Group Inc. now owns 24,145,612 shares of the company’s stock worth $162,259,000 after buying an additional 4,489,866 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Cleanspark in the 1st quarter valued at about $8,109,000. Public Sector Pension Investment Board bought a new position in shares of Cleanspark during the first quarter worth about $5,925,000. Charles Schwab Investment Management Inc. lifted its position in shares of Cleanspark by 26.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,117,672 shares of the company’s stock worth $20,951,000 after purchasing an additional 652,811 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Cleanspark by 20.5% in the first quarter. Invesco Ltd. now owns 3,597,402 shares of the company’s stock worth $24,175,000 after purchasing an additional 613,040 shares in the last quarter. 43.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Chardan Capital restated a “buy” rating and set a $30.00 price objective on shares of Cleanspark in a research note on Wednesday. Wall Street Zen downgraded Cleanspark from a “hold” rating to a “sell” rating in a report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Cleanspark in a research note on Wednesday, October 8th. Needham & Company LLC lifted their price objective on shares of Cleanspark from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, HC Wainwright lowered their target price on shares of Cleanspark from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.20.

Cleanspark Trading Up 13.2%

Shares of NASDAQ CLSK opened at $15.23 on Friday. Cleanspark, Inc. has a 12-month low of $6.45 and a 12-month high of $23.61. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 13.72 and a beta of 3.79. 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’s 50 day simple moving average is $15.84 and its 200 day simple moving average is $12.34.

Insiders Place Their Bets

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