Neuberger Berman Group LLC Raises Holdings in Cleanspark, Inc. $CLSK

Neuberger Berman Group LLC raised its stake in shares of Cleanspark, Inc. (NASDAQ:CLSK) by 374.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,120 shares of the company’s stock after buying an additional 39,553 shares during the quarter. Neuberger Berman Group LLC’s holdings in Cleanspark were worth $553,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Cleanspark during the 2nd quarter worth about $29,000. Fifth Third Bancorp lifted its stake in shares of Cleanspark by 145.3% during the second 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 period. Strs Ohio acquired a new stake in Cleanspark during the first quarter worth approximately $38,000. West Oak Capital LLC boosted its position in Cleanspark by 3,422.5% during the second quarter. West Oak Capital LLC now owns 6,728 shares of the company’s stock worth $74,000 after acquiring an additional 6,537 shares during the last quarter. Finally, Quarry LP purchased a new stake in Cleanspark in the 1st quarter worth approximately $47,000. Hedge funds and other institutional investors own 43.12% of the company’s stock.

Insider Activity

In other news, COO Taylor Monnig sold 63,713 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $9.12, for a total transaction of $581,062.56. Following the transaction, the chief operating officer directly owned 120,337 shares of the company’s stock, valued at approximately $1,097,473.44. The trade was a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.65% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CLSK has been the subject of a number of recent analyst reports. HC Wainwright lowered their price objective on Cleanspark from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday. Wall Street Zen lowered Cleanspark from a “hold” rating to a “sell” rating in a research note on Friday. Needham & Company LLC lifted their price target on Cleanspark from $23.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating and set a $21.00 price objective on shares of Cleanspark in a report on Wednesday. Finally, Chardan Capital reissued a “buy” rating and issued a $30.00 target price on shares of Cleanspark in a research report on Wednesday. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Cleanspark has a consensus rating of “Moderate Buy” and an average target price of $23.20.

Cleanspark Stock Up 13.2%

Shares of NASDAQ CLSK opened at $15.23 on Friday. The stock has a fifty day moving average price of $15.84 and a 200 day moving average price of $12.34. The company has a current ratio of 4.18, a quick ratio of 4.37 and a debt-to-equity ratio of 0.30. Cleanspark, Inc. has a 12-month low of $6.45 and a 12-month high of $23.61. The company has a market cap of $3.89 billion, a P/E ratio of 13.72 and a beta of 3.79.

Cleanspark 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.