CleanSpark, Inc. (NASDAQ:CLSK) Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lessened its holdings in shares of CleanSpark, Inc. (NASDAQ:CLSK) by 57.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,116 shares of the company’s stock after selling 27,445 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in CleanSpark were worth $213,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new stake in CleanSpark during the 3rd quarter worth approximately $30,000. VitalStone Financial LLC raised its stake in shares of 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 acquiring an additional 8,050 shares in the last quarter. Tucker Asset Management LLC purchased a new position in CleanSpark in the third quarter valued at $38,000. Scotia Capital Inc. acquired a new position in CleanSpark during the 3rd quarter worth $39,000. Finally, Amalgamated Bank increased its holdings in 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 during the period. Hedge funds and other institutional investors own 43.12% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CLSK. BTIG Research lifted their price objective on CleanSpark from $12.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Cantor Fitzgerald boosted their price target on shares of CleanSpark from $10.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. TheStreet upgraded shares of CleanSpark from a “d” rating to a “c-” rating in a report on Friday, February 9th. JPMorgan Chase & Co. lifted their price objective on shares of CleanSpark from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Finally, Chardan Capital reissued a “buy” rating and issued a $26.00 target price on shares of CleanSpark in a report on Monday, May 13th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $19.22.

Insiders Place Their Bets

In other news, CEO Zachary Bradford sold 443,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $20.31, for a total value of $8,997,330.00. Following the completion of the sale, the chief executive officer now directly owns 2,795,863 shares of the company’s stock, valued at approximately $56,783,977.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CleanSpark news, CFO Gary Anthony Vecchiarelli sold 26,244 shares of CleanSpark stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $20.93, for a total value of $549,286.92. Following the transaction, the chief financial officer now directly owns 554,391 shares in the company, valued at $11,603,403.63. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Zachary Bradford sold 443,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $20.31, for a total transaction of $8,997,330.00. Following the completion of the sale, the chief executive officer now directly owns 2,795,863 shares of the company’s stock, valued at $56,783,977.53. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,158,644 shares of company stock valued at $24,767,587. 3.46% of the stock is currently owned by insiders.

CleanSpark Trading Down 7.3 %

Shares of NASDAQ:CLSK opened at $17.09 on Friday. CleanSpark, Inc. has a 12 month low of $3.38 and a 12 month high of $24.72. The company’s fifty day moving average price is $17.52 and its 200 day moving average price is $12.95.

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.