Cleanspark (NASDAQ:CLSK) Price Target Lowered to $27.00 at HC Wainwright

Cleanspark (NASDAQ:CLSK) had its target price cut by HC Wainwright from $30.00 to $27.00 in a report issued on Wednesday, MarketBeat.com reports. They currently have a buy rating on the stock.

CLSK has been the topic of a number of other reports. Wall Street Zen raised Cleanspark from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Sanford C. Bernstein raised their price objective on Cleanspark from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. B. Riley upped their target price on Cleanspark from $17.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Cantor Fitzgerald reduced their target price on Cleanspark from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Finally, Macquarie raised their price target on shares of Cleanspark from $20.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Cleanspark currently has a consensus rating of “Moderate Buy” and an average price target of $23.20.

Cleanspark Stock Up 13.8%

CLSK opened at $13.45 on Wednesday. The firm’s 50 day moving average is $15.81 and its 200-day moving average is $12.28. Cleanspark has a 52-week low of $6.45 and a 52-week high of $23.61. The firm has a market capitalization of $4.01 billion, a P/E ratio of 12.12 and a beta of 3.79.

Insider Transactions at Cleanspark

In other Cleanspark news, COO Taylor Monnig sold 63,713 shares of Cleanspark stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $9.12, for a total value of $581,062.56. Following the completion of the transaction, the chief operating officer directly owned 120,337 shares in the company, valued at $1,097,473.44. The trade was a 34.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.65% of the stock is owned by corporate insiders.

Institutional Trading of Cleanspark

Several hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its stake in Cleanspark by 38.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,660 shares of the company’s stock worth $40,000 after buying an additional 745 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Cleanspark by 4.0% in the third quarter. PNC Financial Services Group Inc. now owns 20,096 shares of the company’s stock valued at $291,000 after buying an additional 781 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Cleanspark by 3.5% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 25,838 shares of the company’s stock valued at $375,000 after acquiring an additional 873 shares during the period. GAMMA Investing LLC increased its holdings in shares of Cleanspark by 7.8% in the 3rd quarter. GAMMA Investing LLC now owns 12,915 shares of the company’s stock worth $187,000 after acquiring an additional 932 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in Cleanspark by 115.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock valued at $25,000 after purchasing an additional 937 shares during the last quarter. Institutional investors own 43.12% of the company’s stock.

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.