Penserra Capital Management LLC trimmed its position in CleanSpark, Inc. (NASDAQ:CLSK – Get Rating) by 15.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,578 shares of the company’s stock after selling 7,392 shares during the quarter. Penserra Capital Management LLC owned 0.06% of CleanSpark worth $125,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in CleanSpark by 27.1% in the first quarter. Vanguard Group Inc. now owns 2,340,738 shares of the company’s stock valued at $28,955,000 after acquiring an additional 498,502 shares during the period. Millennium Management LLC bought a new stake in CleanSpark in the second quarter valued at $1,507,000. BlackRock Inc. grew its position in CleanSpark by 10.8% in the first quarter. BlackRock Inc. now owns 2,524,449 shares of the company’s stock valued at $31,228,000 after acquiring an additional 246,633 shares during the period. Exchange Traded Concepts LLC grew its position in CleanSpark by 106.8% in the third quarter. Exchange Traded Concepts LLC now owns 450,924 shares of the company’s stock valued at $1,434,000 after acquiring an additional 232,836 shares during the period. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in CleanSpark in the third quarter valued at $720,000. 25.47% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at CleanSpark
In other news, CFO Gary Anthony Vecchiarelli purchased 19,400 shares of the firm’s stock in a transaction that occurred on Friday, December 16th. The shares were acquired at an average price of $1.78 per share, for a total transaction of $34,532.00. Following the completion of the acquisition, the chief financial officer now directly owns 147,157 shares in the company, valued at $261,939.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.88% of the stock is owned by company insiders.
CleanSpark Trading Up 1.8 %
Wall Street Analyst Weigh In
CLSK has been the topic of several research analyst reports. Cantor Fitzgerald initiated coverage on CleanSpark in a report on Friday, December 9th. They set an “overweight” rating and a $5.00 target price on the stock. BTIG Research decreased their target price on CleanSpark from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, February 9th. Chardan Capital decreased their target price on CleanSpark from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, December 15th. Finally, HC Wainwright restated a “buy” rating and set a $12.00 target price on shares of CleanSpark in a report on Friday, February 10th.
About CleanSpark
CleanSpark, Inc is a Bitcoin mining and energy technology company, which engages in the provision of solutions to modern energy challenge and an advanced energy software and control technology. The company was founded by S. Matthew Schultz on October 15, 1987 and is headquartered in Henderson, NV.
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