Cleanspark (NASDAQ:CLSK) COO Taylor Monnig Sells 63,713 Shares of Stock

Cleanspark, Inc. (NASDAQ:CLSK) COO Taylor Monnig sold 63,713 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $9.12, for a total transaction of $581,062.56. Following the completion of the sale, the chief operating officer owned 120,337 shares in the company, valued at $1,097,473.44. The trade was a 34.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Cleanspark Price Performance

Shares of Cleanspark stock opened at $9.67 on Wednesday. The stock has a market cap of $2.72 billion, a PE ratio of 11.38 and a beta of 3.65. The firm has a fifty day moving average price of $10.88 and a 200 day moving average price of $9.41. Cleanspark, Inc. has a 1 year low of $6.45 and a 1 year high of $17.97.

Cleanspark (NASDAQ:CLSK) last posted its earnings results on Thursday, August 7th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.71. The company had revenue of $198.64 million during the quarter, compared to the consensus estimate of $191.33 million. Cleanspark had a net margin of 47.98% and a return on equity of 8.89%. The firm’s quarterly revenue was up 90.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.03) earnings per share. As a group, equities analysts expect that Cleanspark, Inc. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CLSK. Chardan Capital restated a “buy” rating and set a $20.00 price target on shares of Cleanspark in a research report on Monday. LADENBURG THALM/SH SH assumed coverage on shares of Cleanspark in a research report on Monday, July 28th. They set a “buy” rating and a $20.25 price target for the company. Wall Street Zen upgraded shares of Cleanspark from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Macquarie increased their target price on shares of Cleanspark from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Finally, BTIG Research reissued a “buy” rating on shares of Cleanspark in a report on Friday, June 13th. Ten investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $20.47.

Hedge Funds Weigh In On Cleanspark

Institutional investors and hedge funds have recently made changes to their positions in the stock. CX Institutional purchased a new position in shares of Cleanspark in the 1st quarter valued at $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Cleanspark in the 2nd quarter valued at $29,000. Fifth Third Bancorp grew its position in shares of Cleanspark by 145.3% in the 2nd quarter. Fifth Third Bancorp now owns 2,860 shares of the company’s stock valued at $32,000 after buying an additional 1,694 shares during the last quarter. Strs Ohio purchased a new position in shares of Cleanspark in the 1st quarter valued at $38,000. Finally, Quarry LP acquired a new position in Cleanspark during the first quarter worth approximately $47,000. 43.12% of the stock is owned by institutional investors and hedge funds.

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.