Assenagon Asset Management S.A. Makes New Investment in CleanSpark, Inc. (NASDAQ:CLSK)

Assenagon Asset Management S.A. bought a new stake in CleanSpark, Inc. (NASDAQ:CLSK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,336,612 shares of the company’s stock, valued at approximately $39,940,000. Assenagon Asset Management S.A. owned about 1.48% of CleanSpark as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in CleanSpark by 165.0% in the 2nd quarter. Victory Capital Management Inc. now owns 66,272 shares of the company’s stock valued at $1,057,000 after acquiring an additional 41,259 shares during the last quarter. Federated Hermes Inc. lifted its position in CleanSpark by 41.9% during the second quarter. Federated Hermes Inc. now owns 64,410 shares of the company’s stock worth $1,027,000 after buying an additional 19,023 shares in the last quarter. Amalgamated Bank boosted its stake in CleanSpark by 18.4% during the second quarter. Amalgamated Bank now owns 7,667 shares of the company’s stock worth $122,000 after buying an additional 1,194 shares during the last quarter. Intrepid Financial Planning Group LLC grew its holdings in CleanSpark by 14.3% in the 2nd quarter. Intrepid Financial Planning Group LLC now owns 20,023 shares of the company’s stock valued at $319,000 after buying an additional 2,500 shares in the last quarter. Finally, Hollencrest Capital Management acquired a new stake in shares of CleanSpark in the 2nd quarter worth $48,000. 43.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CLSK. Macquarie boosted their price target on shares of CleanSpark from $20.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Cantor Fitzgerald reissued an “overweight” rating and issued a $23.00 price target on shares of CleanSpark in a research note on Thursday, October 3rd. JPMorgan Chase & Co. raised shares of CleanSpark from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $10.50 to $17.00 in a research report on Tuesday, December 10th. Finally, HC Wainwright reiterated a “buy” rating and issued a $27.00 price objective on shares of CleanSpark in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $23.17.

CleanSpark Stock Down 0.2 %

CLSK opened at $11.18 on Friday. CleanSpark, Inc. has a 52 week low of $6.41 and a 52 week high of $24.72. The business has a fifty day simple moving average of $12.41 and a 200-day simple moving average of $12.25. The firm has a market cap of $3.27 billion, a P/E ratio of -19.28 and a beta of 4.26.

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.