Landscape Capital Management L.L.C. Purchases Shares of 345,766 Cleanspark, Inc. $CLSK

Landscape Capital Management L.L.C. purchased a new stake in Cleanspark, Inc. (NASDAQ:CLSK) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 345,766 shares of the company’s stock, valued at approximately $3,499,000. Landscape Capital Management L.L.C. owned approximately 0.14% of Cleanspark at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Hantz Financial Services Inc. boosted its holdings in shares of 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 buying an additional 937 shares in the last quarter. Quarry LP acquired a new position in shares of Cleanspark in the 3rd quarter valued at $26,000. Morse Asset Management Inc acquired a new position in shares of Cleanspark in the 3rd quarter valued at $32,000. Danske Bank A S acquired a new position in shares of Cleanspark in the 4th quarter valued at $25,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of 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 in the last quarter. 43.12% of the stock is currently owned by institutional investors and hedge funds.

Cleanspark Stock Performance

Shares of CLSK opened at $16.48 on Monday. The company has a 50-day simple moving average of $13.69 and a 200-day simple moving average of $12.14. The company has a quick ratio of 8.26, a current ratio of 8.26 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $4.23 billion, a PE ratio of -7.85 and a beta of 3.79. Cleanspark, Inc. has a 52-week low of $8.00 and a 52-week high of $23.61.

Cleanspark (NASDAQ:CLSK) last announced its quarterly earnings results on Monday, May 11th. The company reported ($1.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($1.27). The company had revenue of $136.41 million during the quarter, compared to analysts’ expectations of $145.36 million. Cleanspark had a negative net margin of 67.66% and a positive return on equity of 7.07%. The business’s revenue for the quarter was down 24.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.49) EPS. Equities research analysts predict that Cleanspark, Inc. will post -1.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CLSK has been the subject of several research analyst reports. Needham & Company LLC upped their target price on shares of Cleanspark from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods upped their target price on shares of Cleanspark from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Maxim Group upped their target price on shares of Cleanspark from $18.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Cantor Fitzgerald reduced their price target on shares of Cleanspark from $17.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, Chardan Capital upped their price target on shares of Cleanspark from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.67.

Cleanspark Company 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.