Arete Wealth Advisors LLC acquired a new stake in shares of CleanSpark, Inc. (NASDAQ:CLSK – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 31,500 shares of the company’s stock, valued at approximately $87,570,000,000.
Several other institutional investors also recently bought and sold shares of CLSK. Barclays PLC grew its position in CleanSpark by 533.2% during the 4th quarter. Barclays PLC now owns 12,253 shares of the company’s stock valued at $25,000 after purchasing an additional 10,318 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of CleanSpark by 2,759.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 13,524 shares of the company’s stock valued at $28,000 after acquiring an additional 13,051 shares during the last quarter. Toroso Investments LLC purchased a new stake in shares of CleanSpark during the 3rd quarter valued at about $32,000. Squarepoint Ops LLC boosted its holdings in shares of CleanSpark by 68.5% during the 4th quarter. Squarepoint Ops LLC now owns 18,886 shares of the company’s stock valued at $39,000 after acquiring an additional 7,678 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of CleanSpark by 600.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 14,190 shares of the company’s stock valued at $45,000 after acquiring an additional 12,163 shares during the last quarter. 30.29% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
CLSK has been the topic of a number of recent analyst reports. BTIG Research raised their price target on shares of CleanSpark from $8.00 to $10.00 in a report on Tuesday, July 18th. Chardan Capital raised their price objective on shares of CleanSpark from $6.00 to $10.00 and gave the stock a “buy” rating in a report on Monday.
CleanSpark Trading Down 4.8 %
CleanSpark (NASDAQ:CLSK – Get Free Report) last released its earnings results on Wednesday, May 10th. The company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.14. CleanSpark had a negative net margin of 93.39% and a negative return on equity of 22.70%. The company had revenue of $42.55 million for the quarter, compared to analysts’ expectations of $40.70 million. As a group, analysts predict that CleanSpark, Inc. will post -0.97 EPS for the current fiscal year.
CleanSpark Profile
CleanSpark, Inc engages in bitcoin mining operations. It develops sustainable infrastructure for Bitcoin, a tool for financial independence and inclusion. The company also provides traditional data center services to its clients, such as providing customers with rack space, power, and equipment, as well as cloud services, including virtual services, virtual storage, and data backup services.
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