CleanSpark, Inc. (NASDAQ:CLSK) Stock Position Lifted by Centiva Capital LP

Centiva Capital LP boosted its stake in shares of CleanSpark, Inc. (NASDAQ:CLSK) by 51.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 207,725 shares of the company’s stock after purchasing an additional 70,789 shares during the period. Centiva Capital LP owned about 0.08% of CleanSpark worth $1,940,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Verition Fund Management LLC purchased a new position in CleanSpark during the third quarter valued at approximately $1,573,000. Centric Wealth Management purchased a new position in CleanSpark during the third quarter valued at approximately $187,000. FORA Capital LLC purchased a new position in CleanSpark during the third quarter valued at approximately $163,000. FMR LLC grew its position in CleanSpark by 5.0% during the third quarter. FMR LLC now owns 24,729 shares of the company’s stock valued at $231,000 after purchasing an additional 1,170 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in CleanSpark during the third quarter valued at approximately $1,960,000. 43.12% of the stock is owned by hedge funds and other institutional investors.

CleanSpark Stock Up 1.2 %

NASDAQ CLSK opened at $14.52 on Tuesday. The company has a fifty day simple moving average of $11.97 and a 200 day simple moving average of $13.53. CleanSpark, Inc. has a 1 year low of $6.41 and a 1 year high of $24.72.

Wall Street Analysts Forecast Growth

Several analysts have commented on CLSK shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $23.00 target price on shares of CleanSpark in a research report on Thursday, October 3rd. JPMorgan Chase & Co. decreased their target price on shares of CleanSpark from $12.50 to $10.50 and set a “neutral” rating for the company in a research report on Friday, August 23rd. HC Wainwright reissued a “buy” rating and issued a $27.00 target price on shares of CleanSpark in a research report on Wednesday, September 25th. Finally, Macquarie started coverage on shares of CleanSpark in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $20.00 target price for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, CleanSpark currently has a consensus 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 transaction of $205,331.28. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 26,272 shares of company stock valued at $254,836. Company insiders own 2.99% of the company’s stock.

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.