Baader Bank Aktiengesellschaft Invests $1.25 Million in Cleanspark, Inc. $CLSK

Baader Bank Aktiengesellschaft acquired a new stake in Cleanspark, Inc. (NASDAQ:CLSK) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 90,237 shares of the company’s stock, valued at approximately $1,252,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its position in Cleanspark by 115.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock valued at $25,000 after acquiring an additional 937 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Cleanspark in the second quarter valued at approximately $29,000. Salomon & Ludwin LLC purchased a new stake in Cleanspark during the 3rd quarter worth approximately $32,000. Strs Ohio acquired a new stake in Cleanspark during the 1st quarter worth approximately $38,000. Finally, Smartleaf Asset Management LLC boosted its position in Cleanspark by 38.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,660 shares of the company’s stock valued at $40,000 after buying an additional 745 shares during the period. 43.12% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Thomas Leigh Wood sold 85,315 shares of the company’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $11.69, for a total transaction of $997,332.35. Following the transaction, the director directly owned 41,421 shares of the company’s stock, valued at approximately $484,211.49. The trade was a 67.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amanda Cavaleri sold 33,000 shares of the stock in a transaction dated 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 directly owned 107,289 shares of the company’s stock, valued at approximately $1,611,480.78. This represents a 23.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.08% of the company’s stock.

Cleanspark Trading Down 4.1%

Cleanspark stock opened at $9.62 on Thursday. Cleanspark, Inc. has a 52 week low of $6.45 and a 52 week high of $23.61. The company has a debt-to-equity ratio of 1.29, a quick ratio of 10.54 and a current ratio of 10.54. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of -8.99 and a beta of 3.47. The company has a 50 day moving average price of $12.07 and a 200 day moving average price of $12.93.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CLSK shares. Sanford C. Bernstein lifted their target price on Cleanspark from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. HC Wainwright lowered their price objective on Cleanspark from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Cantor Fitzgerald reduced their price objective on shares of Cleanspark from $21.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Northland Securities began coverage on shares of Cleanspark in a research note on Tuesday, January 13th. They set an “outperform” rating and a $22.50 target price for the company. Finally, Needham & Company LLC dropped their target price on Cleanspark from $25.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Cleanspark has a consensus rating of “Moderate Buy” and a consensus price target of $20.70.

Cleanspark Profile

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.