79,705 Shares in CleanSpark, Inc. (NASDAQ:CLSK) Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC purchased a new stake in CleanSpark, Inc. (NASDAQ:CLSK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 79,705 shares of the company’s stock, valued at approximately $734,000.

Other institutional investors also recently modified their holdings of the company. FMR LLC raised its position in CleanSpark by 5.0% in the 3rd quarter. FMR LLC now owns 24,729 shares of the company’s stock valued at $231,000 after buying an additional 1,170 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of CleanSpark by 9.1% during the 4th quarter. Prudential Financial Inc. now owns 16,835 shares of the company’s stock worth $155,000 after acquiring an additional 1,405 shares in the last quarter. Corebridge Financial Inc. raised its holdings in shares of CleanSpark by 1.2% in the fourth quarter. Corebridge Financial Inc. now owns 123,723 shares of the company’s stock valued at $1,139,000 after purchasing an additional 1,507 shares during the last quarter. Sigma Planning Corp lifted its position in shares of CleanSpark by 11.9% in the fourth quarter. Sigma Planning Corp now owns 17,518 shares of the company’s stock worth $161,000 after purchasing an additional 1,865 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in CleanSpark by 60.0% during the fourth quarter. Russell Investments Group Ltd. now owns 5,859 shares of the company’s stock worth $54,000 after purchasing an additional 2,196 shares during the last quarter. 43.12% of the stock is currently owned by institutional investors.

CleanSpark Trading Down 1.2 %

Shares of NASDAQ CLSK opened at $7.32 on Monday. The company has a market capitalization of $2.06 billion, a P/E ratio of 66.55 and a beta of 4.12. CleanSpark, Inc. has a 12 month low of $6.50 and a 12 month high of $21.39. The stock has a 50 day moving average of $8.93 and a 200-day moving average of $10.67.

CleanSpark (NASDAQ:CLSK) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. CleanSpark had a net margin of 16.07% and a negative return on equity of 2.61%. Analysts predict that CleanSpark, Inc. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CLSK has been the topic of several recent research reports. Needham & Company LLC assumed coverage on shares of CleanSpark in a research note on Wednesday, February 12th. They issued a “buy” rating and a $20.00 price target on the stock. Keefe, Bruyette & Woods initiated coverage on CleanSpark in a report on Monday, January 27th. They set an “outperform” rating and a $19.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on CleanSpark from $17.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Chardan Capital raised CleanSpark to a “strong-buy” rating in a research report on Monday, March 24th. Finally, HC Wainwright reissued a “buy” rating and issued a $27.00 price objective on shares of CleanSpark in a report on Friday, February 7th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CleanSpark presently has a consensus rating of “Buy” and an average price target of $21.57.

Insider Transactions at CleanSpark

In other news, Chairman S. Matthew Schultz sold 9,010 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $10.64, for a total value of $95,866.40. Following the completion of the sale, the chairman now owns 2,450,010 shares of the company’s stock, valued at approximately $26,068,106.40. The trade was a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Zachary Bradford sold 10,533 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $10.64, for a total transaction of $112,071.12. Following the transaction, the chief executive officer now directly owns 3,059,326 shares in the company, valued at approximately $32,551,228.64. This represents a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,836 shares of company stock worth $335,945 over the last quarter. Company insiders own 2.65% of the company’s stock.

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.