Baader Bank Aktiengesellschaft Acquires New Position in CleanSpark, Inc. (NASDAQ:CLSK)

Baader Bank Aktiengesellschaft acquired a new position in shares of CleanSpark, Inc. (NASDAQ:CLSK) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 11,577 shares of the company’s stock, valued at approximately $185,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arizona State Retirement System boosted its position in shares of CleanSpark by 40.0% during the 4th quarter. Arizona State Retirement System now owns 42,671 shares of the company’s stock worth $471,000 after purchasing an additional 12,190 shares during the period. Vontobel Holding Ltd. grew its position in CleanSpark by 72.8% in the 4th quarter. Vontobel Holding Ltd. now owns 42,744 shares of the company’s stock valued at $471,000 after acquiring an additional 18,011 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in CleanSpark by 73.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,884 shares of the company’s stock valued at $396,000 after buying an additional 15,162 shares in the last quarter. Federated Hermes Inc. purchased a new stake in CleanSpark during the 4th quarter worth about $702,000. Finally, Signaturefd LLC boosted its position in shares of CleanSpark by 100.0% during the 4th quarter. Signaturefd LLC now owns 9,000 shares of the company’s stock worth $99,000 after acquiring an additional 4,500 shares in the last quarter. 43.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CLSK shares. Chardan Capital reissued a “buy” rating and set a $26.00 target price on shares of CleanSpark in a research report on Monday, May 13th. HC Wainwright restated a “buy” rating and set a $27.00 price objective on shares of CleanSpark in a research report on Monday. Cantor Fitzgerald reduced their price target on shares of CleanSpark from $28.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday. Finally, JPMorgan Chase & Co. dropped their price target on CleanSpark from $15.00 to $12.50 and set a “neutral” rating on the stock in a research note on Tuesday, June 4th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.30.

CleanSpark Trading Up 1.8 %

Shares of CLSK stock opened at $11.53 on Friday. The business’s 50 day moving average is $15.87 and its two-hundred day moving average is $16.28. CleanSpark, Inc. has a twelve month low of $3.38 and a twelve month high of $24.72.

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.