Tudor Investment Corp ET AL Acquires 1,441,939 Shares of Cleanspark, Inc. $CLSK

Tudor Investment Corp ET AL raised its holdings in Cleanspark, Inc. (NASDAQ:CLSK) by 496.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,732,268 shares of the company’s stock after acquiring an additional 1,441,939 shares during the period. Tudor Investment Corp ET AL’s holdings in Cleanspark were worth $25,118,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Hantz Financial Services Inc. grew its stake in shares of Cleanspark by 115.5% in the third quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock worth $25,000 after acquiring an additional 937 shares during the last quarter. Quarry LP bought a new position in Cleanspark during the third quarter worth $26,000. Salomon & Ludwin LLC acquired a new position in Cleanspark during the 3rd quarter valued at $32,000. Morse Asset Management Inc acquired a new position in Cleanspark during the 3rd quarter valued at $32,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Cleanspark by 38.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,660 shares of the company’s stock valued at $40,000 after purchasing an additional 745 shares during the period. 43.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Thomas Leigh Wood sold 85,315 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $11.69, for a total transaction of $997,332.35. Following the completion of the transaction, the director owned 41,421 shares in the company, valued at $484,211.49. This trade represents a 67.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.08% of the company’s stock.

Cleanspark Stock Down 0.5%

Shares of CLSK opened at $9.83 on Friday. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of -9.19 and a beta of 3.51. The company has a quick ratio of 10.54, a current ratio of 10.54 and a debt-to-equity ratio of 1.29. Cleanspark, Inc. has a 12 month low of $6.45 and a 12 month high of $23.61. The company has a 50-day moving average price of $10.85 and a two-hundred day moving average price of $12.85.

Wall Street Analyst Weigh In

Several research firms have issued reports on CLSK. Wall Street Zen lowered shares of Cleanspark from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. B. Riley Financial decreased their target price on Cleanspark from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Zacks Research raised Cleanspark from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Maxim Group assumed coverage on Cleanspark in a research report on Thursday, January 8th. They issued a “buy” rating and a $22.00 price objective for the company. Finally, Keefe, Bruyette & Woods lowered their price objective on Cleanspark from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Cleanspark presently has an average rating of “Moderate Buy” and an average target price of $20.60.

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.