SBI Securities Co. Ltd. Sells 36,662 Shares of Cleanspark, Inc. $CLSK

SBI Securities Co. Ltd. reduced its stake in Cleanspark, Inc. (NASDAQ:CLSK) by 40.1% during the 4th quarter, HoldingsChannel reports. The fund owned 54,673 shares of the company’s stock after selling 36,662 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Cleanspark were worth $553,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CLSK. 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 acquiring an additional 937 shares in the last quarter. Danske Bank A S bought a new stake in Cleanspark in the 4th quarter valued at $25,000. Quarry LP bought a new stake in Cleanspark in the 3rd quarter valued at $26,000. Morse Asset Management Inc bought a new stake in Cleanspark in the 3rd quarter valued at $32,000. Finally, Strs Ohio bought a new stake in Cleanspark in the 1st quarter valued at $38,000. 43.12% of the stock is owned by institutional investors.

Cleanspark Trading Up 1.6%

Shares of NASDAQ:CLSK opened at $14.20 on Friday. The company’s 50-day moving average price is $10.49 and its two-hundred day moving average price is $12.03. The company has a debt-to-equity ratio of 1.29, a current ratio of 10.54 and a quick ratio of 10.54. Cleanspark, Inc. has a one year low of $8.00 and a one year high of $23.61. The stock has a market capitalization of $3.63 billion, a PE ratio of -13.27 and a beta of 3.71.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. B. Riley Financial cut their price objective on shares of Cleanspark from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Keefe, Bruyette & Woods cut their price objective on shares of Cleanspark from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, February 9th. Chardan Capital reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Cleanspark in a research report on Wednesday, April 8th. Needham & Company LLC boosted their price target on shares of Cleanspark from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Weiss Ratings cut shares of Cleanspark from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.29.

About Cleanspark

CleanSpark, Inc (NASDAQ: CLSK) is a leading energy software and services company specializing in advanced microgrid controls and distributed energy resource (DER) management. The firm develops proprietary software platforms designed to optimize power flows across on-grid and off-grid installations, integrating renewable generation, battery storage, and traditional generation assets. CleanSpark’s technology is used by utilities, commercial and industrial enterprises, and remote facilities seeking to enhance energy resilience, reduce operating costs, and achieve sustainability goals.

In addition to its core software offerings, CleanSpark provides end-to-end engineering, procurement and construction (EPC) services.