SG Americas Securities LLC Purchases 993,900 Shares of Cleanspark, Inc. $CLSK

SG Americas Securities LLC lifted its position in Cleanspark, Inc. (NASDAQ:CLSK) by 739.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,128,257 shares of the company’s stock after buying an additional 993,900 shares during the period. SG Americas Securities LLC owned approximately 0.44% of Cleanspark worth $11,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the company. Park Avenue Securities LLC bought a new position in shares of Cleanspark in the 4th quarter worth approximately $326,000. FNY Investment Advisers LLC grew its position in Cleanspark by 14.6% during the third quarter. FNY Investment Advisers LLC now owns 9,595 shares of the company’s stock valued at $139,000 after buying an additional 1,219 shares during the period. Tudor Investment Corp ET AL grew its position in Cleanspark by 496.7% during the third quarter. Tudor Investment Corp ET AL now owns 1,732,268 shares of the company’s stock valued at $25,118,000 after buying an additional 1,441,939 shares during the period. Swiss Life Asset Management Ltd bought a new stake in Cleanspark during the third quarter valued at approximately $188,000. Finally, CIBC Private Wealth Group LLC increased its holdings in Cleanspark by 5,081.0% during the third quarter. CIBC Private Wealth Group LLC now owns 3,005 shares of the company’s stock valued at $44,000 after buying an additional 2,947 shares during the last quarter. 43.12% of the stock is currently owned by institutional investors.

Cleanspark Price Performance

Shares of CLSK stock opened at $8.66 on Monday. The company’s fifty day simple moving average is $10.47 and its two-hundred day simple moving average is $12.90. Cleanspark, Inc. has a 52 week low of $6.45 and a 52 week high of $23.61. The stock has a market cap of $2.21 billion, a P/E ratio of -8.09 and a beta of 3.51. The company has a quick ratio of 10.54, a current ratio of 10.54 and a debt-to-equity ratio of 1.29.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. B. Riley Financial dropped their price target on shares of Cleanspark from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Chardan Capital reduced their price objective on Cleanspark from $30.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Cantor Fitzgerald lowered their target price on Cleanspark from $21.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Maxim Group started coverage on shares of Cleanspark in a report on Thursday, January 8th. They set a “buy” rating and a $22.00 price target on the stock. Finally, Weiss Ratings lowered shares of Cleanspark from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Cleanspark has an average rating of “Moderate Buy” and an average target price of $20.60.

About Cleanspark

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.