53,400 Shares in Cleanspark, Inc. $CLSK Acquired by AM Investment Strategies LLC

AM Investment Strategies LLC bought a new stake in Cleanspark, Inc. (NASDAQ:CLSK) in the third quarter, Holdings Channel.com reports. The institutional investor bought 53,400 shares of the company’s stock, valued at approximately $774,000.

Other large investors also recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Cleanspark during the 2nd quarter valued at $29,000. Fifth Third Bancorp boosted its holdings in Cleanspark by 145.3% in the second quarter. Fifth Third Bancorp now owns 2,860 shares of the company’s stock worth $32,000 after purchasing an additional 1,694 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in Cleanspark during the third quarter worth $32,000. Strs Ohio bought a new position in Cleanspark during the first quarter valued at about $38,000. Finally, Integrated Wealth Concepts LLC bought a new position in Cleanspark during the first quarter valued at about $68,000. 43.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on CLSK. B. Riley decreased their price target on Cleanspark from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Chardan Capital restated a “buy” rating and issued a $30.00 target price on shares of Cleanspark in a report on Wednesday, January 7th. Needham & Company LLC increased their price target on Cleanspark from $23.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Northland Capmk raised shares of Cleanspark to a “strong-buy” rating in a research report on Tuesday, January 13th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $21.00 price objective on shares of Cleanspark in a research note on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $23.06.

Cleanspark Stock Down 4.6%

Shares of CLSK opened at $12.76 on Wednesday. The company has a 50-day simple moving average of $12.29 and a 200-day simple moving average of $13.04. The firm has a market capitalization of $3.26 billion, a P/E ratio of 11.50 and a beta of 3.47. The company has a debt-to-equity ratio of 0.30, a quick ratio of 4.18 and a current ratio of 4.18. Cleanspark, Inc. has a 52 week low of $6.45 and a 52 week high of $23.61.

Insider Activity

In other Cleanspark news, Director Thomas Leigh Wood sold 85,315 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $11.69, for a total value of $997,332.35. Following the completion of the transaction, the director owned 41,421 shares of the company’s stock, valued at $484,211.49. This represents a 67.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amanda Cavaleri sold 33,000 shares of the firm’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 completion of the sale, the director owned 107,289 shares of the company’s stock, valued at $1,611,480.78. This represents a 23.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.65% of the company’s stock.

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.