CleanSpark, Inc. (NASDAQ:CLSK) CTO Taylor Monnig Sells 1,350 Shares

CleanSpark, Inc. (NASDAQ:CLSK) CTO Taylor Monnig sold 1,350 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $11.88, for a total transaction of $16,038.00. Following the transaction, the chief technology officer now directly owns 204,220 shares in the company, valued at approximately $2,426,133.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Taylor Monnig also recently made the following trade(s):

• On Friday, September 27th, Taylor Monnig sold 1,350 shares of CleanSpark stock. The stock was sold at an average price of $10.44, for a total transaction of $14,094.00.
• On Friday, August 30th, Taylor Monnig sold 1,350 shares of CleanSpark stock. The stock was sold at an average price of $10.77, for a total transaction of $14,539.50.

CleanSpark Price Performance

Shares of CLSK opened at $11.39 on Friday. CleanSpark, Inc. has a twelve month low of $3.46 and a twelve month high of $24.72. The company’s fifty day simple moving average is $10.19 and its 200-day simple moving average is $14.14.

CleanSpark (NASDAQ:CLSK) last issued its earnings results on Friday, August 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). CleanSpark had a negative return on equity of 3.64% and a negative net margin of 46.31%. The business had revenue of $104.11 million for the quarter, compared to the consensus estimate of $114.04 million. On average, research analysts expect that CleanSpark, Inc. will post -0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CLSK has been the subject of several recent analyst reports. Macquarie initiated coverage on shares of CleanSpark in a report on Wednesday, September 25th. They issued an “outperform” rating and a $20.00 target price for the company. HC Wainwright reissued a “buy” rating and set a $27.00 price objective on shares of CleanSpark in a report on Wednesday, September 25th. JPMorgan Chase & Co. reduced their target price on shares of CleanSpark from $12.50 to $10.50 and set a “neutral” rating for the company in a report on Friday, August 23rd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $23.00 target price on shares of CleanSpark in a report on Thursday, October 3rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.11.

Institutional Trading of CleanSpark

A number of institutional investors have recently bought and sold shares of the stock. Vima LLC grew its stake in CleanSpark by 244.6% in the 3rd quarter. Vima LLC now owns 69,475 shares of the company’s stock valued at $649,000 after acquiring an additional 49,314 shares during the period. SRN Advisors LLC boosted its holdings in CleanSpark by 65.3% in the third quarter. SRN Advisors LLC now owns 261,427 shares of the company’s stock valued at $2,442,000 after purchasing an additional 103,283 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in CleanSpark by 21.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 7,689 shares of the company’s stock valued at $75,000 after purchasing an additional 1,345 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of CleanSpark by 27.3% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 20,879 shares of the company’s stock valued at $195,000 after acquiring an additional 4,484 shares during the period. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its stake in shares of CleanSpark by 50.0% during the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 300,000 shares of the company’s stock worth $2,802,000 after purchasing an additional 100,000 shares during the last quarter. 43.12% of the stock is currently owned by institutional investors and hedge funds.

CleanSpark Company 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.