Baird Financial Group Inc. Has $3.53 Million Stock Holdings in Cleanspark, Inc. $CLSK

Baird Financial Group Inc. lifted its position in Cleanspark, Inc. (NASDAQ:CLSK) by 191.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 320,043 shares of the company’s stock after purchasing an additional 210,307 shares during the period. Baird Financial Group Inc.’s holdings in Cleanspark were worth $3,530,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. US Bancorp DE grew its stake in Cleanspark by 2,579.9% in the 1st quarter. US Bancorp DE now owns 25,298 shares of the company’s stock valued at $170,000 after buying an additional 24,354 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Cleanspark by 802.4% during the first quarter. PNC Financial Services Group Inc. now owns 16,289 shares of the company’s stock valued at $109,000 after acquiring an additional 14,484 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in shares of Cleanspark in the first quarter valued at about $82,000. Vanguard Group Inc. grew its position 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 valued at $162,259,000 after purchasing an additional 4,489,866 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Cleanspark by 26.5% in 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 period. 43.12% of the stock is owned by institutional investors.

Cleanspark Price Performance

Shares of Cleanspark stock opened at $14.53 on Thursday. The firm has a market cap of $3.71 billion, a P/E ratio of 13.09 and a beta of 3.79. The firm’s 50-day simple moving average is $15.87 and its 200-day simple moving average is $12.59. Cleanspark, Inc. has a twelve month low of $6.45 and a twelve month high of $23.61. The company has a debt-to-equity ratio of 0.30, a quick ratio of 4.18 and a current ratio of 4.18.

Analysts Set New Price Targets

CLSK has been the subject of several recent analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $21.00 target price on shares of Cleanspark in a research note on Wednesday, November 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cleanspark in a research report on Monday. Chardan Capital restated a “buy” rating and issued a $30.00 price objective on shares of Cleanspark in a research note on Wednesday, November 26th. Sanford C. Bernstein boosted their target price on shares of Cleanspark from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. raised shares of Cleanspark from a “neutral” rating to an “overweight” rating and set a $14.00 price target for the company in a report on Monday, November 24th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Cleanspark presently has an average rating of “Moderate Buy” and an average price target of $23.20.

Insiders Place Their Bets

In other news, Director Amanda Cavaleri sold 33,000 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $15.02, for a total value of $495,660.00. Following the sale, the director directly owned 107,289 shares in the company, valued at approximately $1,611,480.78. This represents a 23.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.65% of the company’s stock.

Cleanspark Company Profile

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.