Los Angeles Capital Management LLC Grows Stake in CleanSpark, Inc. (NASDAQ:CLSK)

Los Angeles Capital Management LLC boosted its position in shares of CleanSpark, Inc. (NASDAQ:CLSK) by 17.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,760 shares of the company’s stock after purchasing an additional 5,010 shares during the quarter. Los Angeles Capital Management LLC’s holdings in CleanSpark were worth $315,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. increased its holdings in CleanSpark by 36.8% during the 1st quarter. Russell Investments Group Ltd. now owns 2,926 shares of the company’s stock worth $62,000 after purchasing an additional 787 shares during the period. Hollencrest Capital Management increased its holdings in shares of CleanSpark by 33.3% in the 3rd quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock valued at $37,000 after acquiring an additional 1,000 shares during the period. SteelPeak Wealth LLC increased its holdings in shares of CleanSpark by 3.0% in the 2nd quarter. SteelPeak Wealth LLC now owns 36,907 shares of the company’s stock valued at $589,000 after acquiring an additional 1,066 shares during the period. Amalgamated Bank increased its holdings in shares of CleanSpark by 18.4% in the 2nd quarter. Amalgamated Bank now owns 7,667 shares of the company’s stock valued at $122,000 after acquiring an additional 1,194 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of CleanSpark by 21.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,689 shares of the company’s stock valued at $75,000 after acquiring an additional 1,345 shares during the period. 43.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CleanSpark

In other CleanSpark news, Director Thomas Leigh Wood sold 22,222 shares of CleanSpark stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $9.24, for a total transaction of $205,331.28. Following the completion of the sale, the director now owns 137,050 shares of the company’s stock, valued at approximately $1,266,342. The trade was a 13.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 26,272 shares of company stock valued at $250,003 in the last quarter. 2.99% of the stock is currently owned by corporate insiders.

CleanSpark Price Performance

CleanSpark stock opened at $14.03 on Monday. CleanSpark, Inc. has a 1-year low of $3.75 and a 1-year high of $24.72. The business has a fifty day moving average price of $10.89 and a 200-day moving average price of $13.72.

Analysts Set New Price Targets

CLSK has been the topic of a number of analyst reports. HC Wainwright reiterated a “buy” rating and issued a $27.00 price target on shares of CleanSpark in a report on Wednesday, September 25th. JPMorgan Chase & Co. cut their price target on CleanSpark from $12.50 to $10.50 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Macquarie initiated coverage on CleanSpark in a report on Wednesday, September 25th. They issued an “outperform” rating and a $20.00 price target on the stock. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $23.00 price target on shares of CleanSpark in a report on Thursday, October 3rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $21.42.

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.