CleanSpark, Inc. (NASDAQ:CLSK – Get Free Report) Chairman S. Matthew Schultz sold 9,010 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $10.64, for a total value of $95,866.40. Following the sale, the chairman now owns 2,450,010 shares of the company’s stock, valued at approximately $26,068,106.40. This represents a 0.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
CleanSpark Stock Down 1.6 %
CLSK stock opened at $10.50 on Friday. The company’s 50-day moving average price is $10.89 and its two-hundred day moving average price is $11.35. The firm has a market cap of $2.95 billion, a P/E ratio of 95.46 and a beta of 4.24. CleanSpark, Inc. has a 12 month low of $8.04 and a 12 month high of $24.72.
CleanSpark (NASDAQ:CLSK – Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. CleanSpark had a net margin of 16.07% and a negative return on equity of 2.81%. Equities analysts predict that CleanSpark, Inc. will post 0.29 EPS for the current year.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on CleanSpark
Hedge Funds Weigh In On CleanSpark
A number of institutional investors have recently modified their holdings of CLSK. Compagnie Lombard Odier SCmA acquired a new stake in CleanSpark in the fourth quarter valued at about $31,000. GAMMA Investing LLC boosted its stake in shares of CleanSpark by 962.1% in the 4th quarter. GAMMA Investing LLC now owns 3,951 shares of the company’s stock valued at $36,000 after purchasing an additional 3,579 shares in the last quarter. Hollencrest Capital Management grew its holdings in shares of CleanSpark by 33.3% during the 3rd quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock valued at $37,000 after purchasing an additional 1,000 shares during the last quarter. Russell Investments Group Ltd. increased its position in CleanSpark by 60.0% during the 4th quarter. Russell Investments Group Ltd. now owns 5,859 shares of the company’s stock worth $54,000 after purchasing an additional 2,196 shares in the last quarter. Finally, KBC Group NV boosted its position in CleanSpark by 42.0% in the third quarter. KBC Group NV now owns 7,403 shares of the company’s stock valued at $69,000 after buying an additional 2,190 shares in the last quarter. Institutional investors and hedge funds own 43.12% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than CleanSpark
- The How and Why of Investing in Gold Stocks
- Roblox’s Big Dip: A Chance to Get in on the Vaunted Gaming Stock?
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- 3 Dividend ETFs to Capitalize on the Slide in Chip Stocks
- Canada Bond Market Holiday: How to Invest and Trade
- Is Chevron Stock Primed for Growth After Profit-Boosting News?
Receive News & Ratings for CleanSpark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CleanSpark and related companies with MarketBeat.com's FREE daily email newsletter.