Cleanspark, Inc. $CLSK Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd raised its holdings in Cleanspark, Inc. (NASDAQ:CLSK) by 58.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,834 shares of the company’s stock after purchasing an additional 42,634 shares during the quarter. WINTON GROUP Ltd’s holdings in Cleanspark were worth $1,685,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CLSK. Markowski Investments purchased a new position in shares of Cleanspark during the 2nd quarter worth $25,000. Quarry LP purchased a new stake in Cleanspark in the 3rd quarter valued at about $26,000. Morse Asset Management Inc purchased a new stake in Cleanspark in the 3rd quarter valued at about $32,000. Strs Ohio acquired a new position in Cleanspark in the first quarter valued at about $38,000. Finally, CIBC Private Wealth Group LLC boosted its stake in Cleanspark by 5,081.0% during the third quarter. CIBC Private Wealth Group LLC now owns 3,005 shares of the company’s stock worth $44,000 after buying an additional 2,947 shares during the period. Institutional investors and hedge funds own 43.12% of the company’s stock.

Analyst Ratings Changes

CLSK has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Cleanspark from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. BTIG Research restated a “buy” rating and issued a $26.00 price objective on shares of Cleanspark in a report on Tuesday, July 14th. HC Wainwright reaffirmed a “buy” rating on shares of Cleanspark in a research report on Friday, August 7th. Citizens Jmp started coverage on shares of Cleanspark in a report on Wednesday, June 24th. They issued a “market outperform” rating and a $27.00 target price for the company. Finally, B. Riley Financial boosted their target price on Cleanspark from $19.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.88.

Cleanspark Stock Performance

Shares of Cleanspark stock opened at $13.67 on Friday. The firm’s fifty day simple moving average is $12.93 and its 200-day simple moving average is $12.87. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of -3.63 and a beta of 3.84. Cleanspark, Inc. has a 12 month low of $8.00 and a 12 month high of $23.61. The company has a debt-to-equity ratio of 2.34, a current ratio of 5.91 and a quick ratio of 2.11.

Cleanspark (NASDAQ:CLSK) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.89) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.42). Cleanspark had a negative return on equity of 18.63% and a negative net margin of 146.90%.The company had revenue of $138.01 million for the quarter, compared to analyst estimates of $142.37 million. During the same period in the previous year, the business posted $0.90 earnings per share. The firm’s revenue was down 30.5% compared to the same quarter last year. As a group, equities analysts forecast that Cleanspark, Inc. will post -1.4 earnings per share for the current year.

Insider Buying and Selling at Cleanspark

In related news, COO Taylor Monnig sold 25,249 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $13.34, for a total transaction of $336,821.66. Following the completion of the sale, the chief operating officer directly owned 236,114 shares of the company’s stock, valued at $3,149,760.76. This trade represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 29,816 shares of company stock worth $394,352 over the last three months. 2.08% of the stock is owned by company insiders.

About Cleanspark

CleanSpark, Inc (NASDAQ: CLSK) is a bitcoin mining and energy technology company headquartered in Henderson, Nevada. The company owns and operates data centers that use specialized computing equipment to validate transactions on the Bitcoin network and earn bitcoin rewards.

CleanSpark focuses on developing and expanding mining infrastructure, with operations in the United States, including facilities in Georgia, Mississippi, Tennessee and Wyoming. Its activities include acquiring and deploying mining equipment, managing data-center operations and securing reliable, cost-effective power for its facilities.

The company historically developed software and energy-management solutions before shifting its primary focus toward bitcoin mining.