Sloy Dahl & Holst LLC Reduces Position in CleanSpark, Inc. (NASDAQ:CLSK)

Sloy Dahl & Holst LLC reduced its stake in CleanSpark, Inc. (NASDAQ:CLSK) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,172 shares of the company’s stock after selling 2,751 shares during the quarter. Sloy Dahl & Holst LLC’s holdings in CleanSpark were worth $370,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CLSK. Assenagon Asset Management S.A. purchased a new position in shares of CleanSpark in the 4th quarter valued at approximately $39,940,000. Van ECK Associates Corp lifted its holdings in shares of CleanSpark by 64.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,590,688 shares of the company’s stock valued at $14,857,000 after buying an additional 620,792 shares during the period. Geode Capital Management LLC lifted its holdings in shares of CleanSpark by 9.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,163,461 shares of the company’s stock valued at $57,577,000 after buying an additional 549,187 shares during the period. Barclays PLC lifted its holdings in shares of CleanSpark by 364.0% in the 3rd quarter. Barclays PLC now owns 389,201 shares of the company’s stock valued at $3,634,000 after buying an additional 305,316 shares during the period. Finally, State Street Corp lifted its holdings in shares of CleanSpark by 4.5% in the 3rd quarter. State Street Corp now owns 6,073,912 shares of the company’s stock valued at $56,730,000 after buying an additional 261,195 shares during the period. 43.12% of the stock is currently owned by hedge funds and other institutional investors.

CleanSpark Stock Up 1.4 %

NASDAQ:CLSK opened at $10.59 on Tuesday. The business’s 50 day moving average is $11.60 and its two-hundred day moving average is $11.75. CleanSpark, Inc. has a 52 week low of $7.64 and a 52 week high of $24.72.

CleanSpark (NASDAQ:CLSK) last released its earnings results on Monday, December 2nd. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.02). CleanSpark had a negative return on equity of 2.36% and a negative net margin of 38.47%. As a group, equities analysts expect that CleanSpark, Inc. will post 0.18 EPS for the current year.

Analyst Ratings Changes

CLSK has been the subject of several research reports. Keefe, Bruyette & Woods initiated coverage on CleanSpark in a report on Monday, January 27th. They set an “outperform” rating and a $19.00 price objective for the company. JPMorgan Chase & Co. raised CleanSpark from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $10.50 to $17.00 in a report on Tuesday, December 10th. HC Wainwright reaffirmed a “buy” rating and issued a $27.00 price objective on shares of CleanSpark in a research report on Tuesday, January 28th. Finally, Macquarie boosted their price target on CleanSpark from $20.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $22.57.

About CleanSpark

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.