23,725 Shares in CleanSpark, Inc. (NASDAQ:CLSK) Purchased by Waddell & Associates LLC

Waddell & Associates LLC acquired a new position in shares of CleanSpark, Inc. (NASDAQ:CLSK) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 23,725 shares of the company’s stock, valued at approximately $222,000.

A number of other large investors also recently added to or reduced their stakes in CLSK. National Bank of Canada FI grew its position in shares of CleanSpark by 470.9% during the 2nd quarter. National Bank of Canada FI now owns 2,569 shares of the company’s stock worth $41,000 after buying an additional 2,119 shares during the period. Russell Investments Group Ltd. boosted its stake in CleanSpark by 36.8% in the first quarter. Russell Investments Group Ltd. now owns 2,926 shares of the company’s stock valued at $62,000 after acquiring an additional 787 shares during the last quarter. Hollencrest Capital Management bought a new position in CleanSpark in the second quarter valued at approximately $48,000. KBC Group NV grew its holdings in CleanSpark by 42.0% during the 3rd quarter. KBC Group NV now owns 7,403 shares of the company’s stock worth $69,000 after acquiring an additional 2,190 shares during the period. Finally, Amalgamated Bank raised its position in shares of CleanSpark by 18.4% during the 2nd quarter. Amalgamated Bank now owns 7,667 shares of the company’s stock valued at $122,000 after acquiring an additional 1,194 shares during the last quarter. 43.12% of the stock is currently owned by institutional investors and hedge funds.

CleanSpark Stock Up 16.5 %

NASDAQ CLSK opened at $15.10 on Friday. CleanSpark, Inc. has a one year low of $4.87 and a one year high of $24.72. The stock’s 50-day moving average is $11.25 and its 200-day moving average is $13.67.

Analysts Set New Price Targets

CLSK has been the topic of several recent research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $23.00 price target on shares of CleanSpark in a research report on Thursday, October 3rd. Macquarie assumed coverage on CleanSpark in a report on Wednesday, September 25th. They set an “outperform” rating and a $20.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on CleanSpark from $12.50 to $10.50 and set a “neutral” rating for the company in a research note on Friday, August 23rd. Finally, HC Wainwright reissued a “buy” rating and set a $27.00 price objective on shares of CleanSpark in a research note on Wednesday, September 25th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, CleanSpark currently has an average rating of “Moderate Buy” and an average price target of $21.42.

Insider Buying and Selling

In related news, Director Thomas Leigh Wood sold 22,222 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $9.24, for a total value of $205,331.28. Following the completion of the transaction, the director now directly owns 137,050 shares of the company’s stock, valued at approximately $1,266,342. This represents a 13.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 26,272 shares of company stock valued at $250,003. 2.99% of the stock is owned by corporate insiders.

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.