Stifel Financial Corp Buys 1,087 Shares of CleanSpark, Inc. (NASDAQ:CLSK)

Stifel Financial Corp raised its stake in shares of CleanSpark, Inc. (NASDAQ:CLSK) by 0.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 867,022 shares of the company’s stock after acquiring an additional 1,087 shares during the period. Stifel Financial Corp’s holdings in CleanSpark were worth $8,098,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Hollencrest Capital Management lifted its holdings in CleanSpark by 33.3% during the third quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock worth $37,000 after acquiring an additional 1,000 shares during the period. National Bank of Canada FI increased its position in shares of CleanSpark by 470.9% during the 2nd quarter. National Bank of Canada FI now owns 2,569 shares of the company’s stock valued at $41,000 after purchasing an additional 2,119 shares during the last quarter. KBC Group NV raised its stake in shares of CleanSpark by 42.0% during the 3rd quarter. KBC Group NV now owns 7,403 shares of the company’s stock worth $69,000 after purchasing an additional 2,190 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of CleanSpark by 21.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,689 shares of the company’s stock worth $75,000 after buying an additional 1,345 shares during the last quarter. Finally, Doliver Advisors LP bought a new position in CleanSpark during the third quarter valued at about $117,000. 43.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CLSK shares. HC Wainwright reiterated a “buy” rating and issued a $27.00 target price on shares of CleanSpark in a research note on Tuesday, December 3rd. Macquarie increased their price objective on CleanSpark from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Cantor Fitzgerald restated an “overweight” rating and issued a $23.00 target price on shares of CleanSpark in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. upgraded CleanSpark from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $10.50 to $17.00 in a research note on Tuesday. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $23.17.

CleanSpark Stock Down 3.9 %

Shares of CLSK opened at $12.33 on Friday. CleanSpark, Inc. has a twelve month low of $6.41 and a twelve month high of $24.72. The stock has a market cap of $3.61 billion, a PE ratio of -21.26 and a beta of 4.16. The business’s 50-day moving average price is $12.66 and its 200-day moving average price is $13.36.

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.