Baader Bank Aktiengesellschaft Buys New Position in Cleanspark, Inc. $CLSK

Baader Bank Aktiengesellschaft purchased a new stake in Cleanspark, Inc. (NASDAQ:CLSK) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 90,237 shares of the company’s stock, valued at approximately $1,252,000.

Several other institutional investors have also added to or reduced their stakes in CLSK. Smartleaf Asset Management LLC boosted its stake in shares of Cleanspark by 38.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,660 shares of the company’s stock valued at $40,000 after purchasing an additional 745 shares in the last quarter. GAMMA Investing LLC boosted its position in Cleanspark by 7.8% during the 3rd quarter. GAMMA Investing LLC now owns 12,915 shares of the company’s stock valued at $187,000 after acquiring an additional 932 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Cleanspark by 115.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock worth $25,000 after acquiring an additional 937 shares during the period. Arizona State Retirement System raised its position in shares of Cleanspark by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 83,134 shares of the company’s stock worth $1,205,000 after acquiring an additional 1,183 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in shares of Cleanspark by 1.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 72,191 shares of the company’s stock valued at $1,047,000 after purchasing an additional 1,236 shares during the period. 43.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CLSK has been the subject of a number of research reports. Zacks Research downgraded Cleanspark from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Maxim Group started coverage on shares of Cleanspark in a research note on Thursday, January 8th. They issued a “buy” rating and a $22.00 price target for the company. Keefe, Bruyette & Woods dropped their price objective on shares of Cleanspark from $18.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday. B. Riley Securities cut their price objective on shares of Cleanspark from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Sanford C. Bernstein lifted their target price on shares of Cleanspark from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.70.

Cleanspark Stock Down 4.1%

CLSK stock opened at $9.62 on Thursday. Cleanspark, Inc. has a one year low of $6.45 and a one year high of $23.61. The firm has a market cap of $2.46 billion, a PE ratio of -8.99 and a beta of 3.47. The firm’s 50 day moving average price is $12.07 and its 200-day moving average price is $12.93. The company has a debt-to-equity ratio of 1.29, a quick ratio of 10.54 and a current ratio of 10.54.

Insiders Place Their Bets

In related news, Director Amanda Cavaleri sold 33,000 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $15.02, for a total transaction of $495,660.00. Following the completion of the sale, the director directly owned 107,289 shares of the company’s stock, valued at approximately $1,611,480.78. This trade represents a 23.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas Leigh Wood sold 85,315 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $11.69, for a total transaction of $997,332.35. Following the completion of the transaction, the director directly owned 41,421 shares in the company, valued at $484,211.49. The trade was a 67.32% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.08% of the company’s stock.

Cleanspark Company Profile

CleanSpark, Inc (NASDAQ: CLSK) is a leading energy software and services company specializing in advanced microgrid controls and distributed energy resource (DER) management. The firm develops proprietary software platforms designed to optimize power flows across on-grid and off-grid installations, integrating renewable generation, battery storage, and traditional generation assets. CleanSpark’s technology is used by utilities, commercial and industrial enterprises, and remote facilities seeking to enhance energy resilience, reduce operating costs, and achieve sustainability goals.

In addition to its core software offerings, CleanSpark provides end-to-end engineering, procurement and construction (EPC) services.