Havemeyer Place LP Takes $967,000 Position in Cleanspark, Inc. $CLSK

Havemeyer Place LP acquired a new stake in Cleanspark, Inc. (NASDAQ:CLSK) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 95,534 shares of the company’s stock, valued at approximately $967,000.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Cleanspark by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 26,051,850 shares of the company’s stock valued at $377,752,000 after purchasing an additional 769,148 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Cleanspark by 22.1% in the 3rd quarter. Invesco Ltd. now owns 4,482,527 shares of the company’s stock valued at $64,997,000 after purchasing an additional 810,203 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Cleanspark by 13.3% in the 3rd quarter. Tidal Investments LLC now owns 4,366,437 shares of the company’s stock valued at $63,313,000 after purchasing an additional 514,062 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Cleanspark by 57.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,311,221 shares of the company’s stock valued at $62,521,000 after purchasing an additional 1,564,761 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of Cleanspark in the 3rd quarter valued at $56,056,000. 43.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CLSK has been the topic of a number of analyst reports. B. Riley Financial reduced their price objective on shares of Cleanspark from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Zacks Research lowered shares of Cleanspark from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Keefe, Bruyette & Woods upped their price objective on shares of Cleanspark from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Needham & Company LLC increased their target price on shares of Cleanspark from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Maxim Group increased their target price on shares of Cleanspark from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Cleanspark presently has a consensus rating of “Moderate Buy” and an average target price of $20.44.

Cleanspark Price Performance

Shares of NASDAQ CLSK opened at $15.59 on Monday. The firm has a market cap of $4.00 billion, a PE ratio of -7.42 and a beta of 3.79. Cleanspark, Inc. has a 12-month low of $8.00 and a 12-month high of $23.61. The company’s fifty day simple moving average is $12.96 and its 200 day simple moving average is $11.94. The company has a quick ratio of 8.26, a current ratio of 8.26 and a debt-to-equity ratio of 1.81.

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

Cleanspark 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.