11,200 Shares in CleanSpark, Inc. (NASDAQ:CLSK) Acquired by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. acquired a new stake in shares of CleanSpark, Inc. (NASDAQ:CLSK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,200 shares of the company’s stock, valued at approximately $124,000.

Several other large investors have also recently bought and sold shares of CLSK. DekaBank Deutsche Girozentrale bought a new position in shares of CleanSpark in the 3rd quarter valued at about $30,000. VitalStone Financial LLC grew its stake in CleanSpark by 952.7% in the third quarter. VitalStone Financial LLC now owns 8,895 shares of the company’s stock valued at $33,000 after purchasing an additional 8,050 shares in the last quarter. Tucker Asset Management LLC bought a new position in CleanSpark in the third quarter valued at approximately $38,000. Scotia Capital Inc. acquired a new position in shares of CleanSpark during the 3rd quarter worth approximately $39,000. Finally, Amalgamated Bank raised its stake in shares of CleanSpark by 70.9% during the 3rd quarter. Amalgamated Bank now owns 10,526 shares of the company’s stock worth $40,000 after purchasing an additional 4,367 shares in the last quarter. Institutional investors own 43.12% of the company’s stock.

CleanSpark Stock Performance

Shares of NASDAQ CLSK traded down $1.74 during mid-day trading on Tuesday, reaching $16.38. 22,713,062 shares of the company were exchanged, compared to its average volume of 34,506,203. The company’s 50-day simple moving average is $17.80 and its 200-day simple moving average is $11.52. CleanSpark, Inc. has a twelve month low of $3.33 and a twelve month high of $24.72.

CleanSpark (NASDAQ:CLSK) last released its quarterly earnings results on Thursday, February 8th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.26. CleanSpark had a negative net margin of 38.09% and a negative return on equity of 16.25%. The business had revenue of $73.79 million for the quarter, compared to the consensus estimate of $66.06 million. On average, sell-side analysts anticipate that CleanSpark, Inc. will post -0.3 EPS for the current year.

Insider Transactions at CleanSpark

In related news, Director Roger Paul Beynon sold 10,976 shares of CleanSpark stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $17.85, for a total transaction of $195,921.60. Following the sale, the director now directly owns 141,381 shares of the company’s stock, valued at approximately $2,523,650.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman S. Matthew Schultz sold 322,400 shares of CleanSpark stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $20.95, for a total transaction of $6,754,280.00. Following the sale, the chairman now directly owns 2,698,768 shares of the company’s stock, valued at $56,539,189.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Roger Paul Beynon sold 10,976 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $17.85, for a total value of $195,921.60. Following the sale, the director now owns 141,381 shares in the company, valued at $2,523,650.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,169,620 shares of company stock valued at $24,963,509. 3.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CLSK. HC Wainwright reissued a “buy” rating and issued a $27.00 target price on shares of CleanSpark in a research note on Monday, April 15th. BTIG Research boosted their price objective on shares of CleanSpark from $12.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Chardan Capital raised their target price on shares of CleanSpark from $13.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, March 4th. JPMorgan Chase & Co. lifted their price target on CleanSpark from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Finally, Cantor Fitzgerald upped their price objective on CleanSpark from $10.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.22.

About CleanSpark

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.