Needham & Company LLC Cuts Cleanspark (NASDAQ:CLSK) Price Target to $19.00

Cleanspark (NASDAQ:CLSK) had its target price decreased by analysts at Needham & Company LLC from $25.00 to $19.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s target price points to a potential upside of 129.75% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. B. Riley decreased their price target on Cleanspark from $25.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Keefe, Bruyette & Woods dropped their target price on Cleanspark from $18.50 to $18.00 and set a “moderate buy” rating on the stock in a research report on Tuesday, January 27th. JPMorgan Chase & Co. raised Cleanspark from a “neutral” rating to an “overweight” rating and set a $14.00 price target for the company in a report on Monday, November 24th. Northland Securities assumed coverage on Cleanspark in a report on Tuesday, January 13th. They issued an “outperform” rating and a $22.50 price objective on the stock. Finally, Maxim Group started coverage on Cleanspark in a research report on Thursday, January 8th. They issued a “buy” rating and a $22.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.44.

Cleanspark Stock Performance

Shares of CLSK stock opened at $8.27 on Friday. The stock has a market cap of $2.12 billion, a PE ratio of 7.45 and a beta of 3.47. The business has a 50-day simple moving average of $12.42 and a 200-day simple moving average of $13.00. The company has a quick ratio of 4.18, a current ratio of 4.18 and a debt-to-equity ratio of 0.30. Cleanspark has a 52-week low of $6.45 and a 52-week high of $23.61.

Insider Activity at Cleanspark

In other news, Director Thomas Leigh Wood sold 85,315 shares of Cleanspark stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $11.69, for a total value of $997,332.35. Following the sale, the director directly owned 41,421 shares of the company’s stock, valued at $484,211.49. The trade was a 67.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amanda Cavaleri sold 33,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $15.02, for a total value of $495,660.00. Following the completion of the transaction, the director owned 107,289 shares in the company, valued at $1,611,480.78. The trade was a 23.52% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.08% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Hantz Financial Services Inc. increased its holdings in shares of Cleanspark by 115.5% in the third quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock valued at $25,000 after purchasing an additional 937 shares during the last quarter. Quarry LP purchased a new stake in Cleanspark in the 3rd quarter valued at $26,000. Salomon & Ludwin LLC purchased a new stake in Cleanspark in the 3rd quarter valued at $32,000. Morse Asset Management Inc acquired a new stake in shares of Cleanspark in the 3rd quarter worth $32,000. Finally, Danske Bank A S purchased a new position in shares of Cleanspark during the 4th quarter worth $25,000. 43.12% of the stock is owned by hedge funds and other institutional investors.

Key Cleanspark News

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Reported Q1 revenue of $181.18M (up ~11.6% YoY); company says it exited the quarter with a strengthened balance sheet and is advancing a multi‑gigawatt AI infrastructure platform — signals longer‑term diversification beyond pure mining. CleanSpark Delivers $181 Million in Q1 Revenue
• Positive Sentiment: Operational update: secured land/power agreements supporting up to 600 MW transmission‑level data center capacity in Texas and expanded AI‑ready site portfolio and team hires — supports the company’s stated shift into AI infrastructure. CleanSpark Releases January 2026 Operational Update
• Neutral Sentiment: Mining operations: produced 573 BTC in January; sold ~$14.55M of BTC to fund operations — provides near‑term liquidity but ties some cash flow to realized BTC pricing. CleanSpark produces 573 bitcoin in January
• Neutral Sentiment: Earnings call transcript available — management reiterates balance‑sheet focus and growth in power/AI initiatives; investors will watch commentary on capital allocation and mining economics. Q1 2026 Earnings Call Transcript
• Negative Sentiment: Missed expectations: GAAP EPS of ($0.18) vs. consensus (~($0.07)) and revenue of $181.18M below estimates of ~$200.3M — the headline miss and weaker-than-expected top line triggered investor selling. Earnings results and transcript
• Negative Sentiment: Downgrade / negative analyst commentary pointing to deteriorating mining economics as Bitcoin has tumbled — a direct headwind for valuation given Cleanspark’s mining exposure. Seeking Alpha downgrade
• Negative Sentiment: Market reaction: multiple outlets report after‑hours/early trading declines following the earnings miss and Bitcoin weakness — selling reflects shorter‑term focus on EPS/revenue misses and crypto price pressure. CLSK loses 19% as Earnings, Bitcoin Fall

About Cleanspark

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.