CleanSpark, Inc. (NASDAQ:CLSK) Holdings Increased by Shariaportfolio Inc.

Shariaportfolio Inc. grew its holdings in CleanSpark, Inc. (NASDAQ:CLSK) by 4.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 653,304 shares of the company’s stock after buying an additional 28,767 shares during the quarter. CleanSpark accounts for 5.6% of Shariaportfolio Inc.’s investment portfolio, making the stock its 7th largest position. Shariaportfolio Inc. owned about 0.29% of CleanSpark worth $10,421,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Amalgamated Bank lifted its stake in CleanSpark by 18.4% during the 2nd quarter. Amalgamated Bank now owns 7,667 shares of the company’s stock worth $122,000 after acquiring an additional 1,194 shares in the last quarter. Virtu Financial LLC increased its position in CleanSpark by 1,249.1% during the second quarter. Virtu Financial LLC now owns 150,698 shares of the company’s stock worth $2,404,000 after buying an additional 139,528 shares during the period. Federated Hermes Inc. raised its position in CleanSpark by 41.9% in the 2nd quarter. Federated Hermes Inc. now owns 64,410 shares of the company’s stock valued at $1,027,000 after purchasing an additional 19,023 shares during the last quarter. VitalStone Financial LLC grew its holdings in shares of CleanSpark by 333.2% during the second quarter. VitalStone Financial LLC now owns 63,481 shares of the company’s stock worth $1,013,000 after buying an additional 48,826 shares during the last quarter. Finally, ClariVest Asset Management LLC purchased a new stake in shares of CleanSpark during the second quarter worth approximately $271,000. Institutional investors and hedge funds own 43.12% of the company’s stock.

Insider Activity at CleanSpark

In other CleanSpark news, Director Thomas Leigh Wood sold 22,222 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $9.24, for a total value of $205,331.28. Following the transaction, the director now directly owns 137,050 shares of the company’s stock, valued at approximately $1,266,342. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 26,272 shares of company stock worth $264,421. Insiders own 3.46% of the company’s stock.

CleanSpark Price Performance

Shares of NASDAQ CLSK opened at $9.15 on Wednesday. CleanSpark, Inc. has a 52-week low of $3.38 and a 52-week high of $24.72. The business has a fifty day moving average of $12.83 and a two-hundred day moving average of $15.69.

CleanSpark (NASDAQ:CLSK) last announced its quarterly earnings data on Friday, August 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). CleanSpark had a negative net margin of 46.31% and a negative return on equity of 3.64%. The business had revenue of $104.11 million during the quarter, compared to the consensus estimate of $114.04 million. As a group, equities analysts forecast that CleanSpark, Inc. will post -0.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CLSK shares. HC Wainwright reiterated a “buy” rating and set a $27.00 price target on shares of CleanSpark in a research report on Wednesday, September 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $23.00 target price on shares of CleanSpark in a research note on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of CleanSpark from $12.50 to $10.50 and set a “neutral” rating on the stock in a research report on Friday, August 23rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.97.

CleanSpark 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.