Hennion & Walsh Asset Management Inc. Acquires 25,444 Shares of CleanSpark, Inc. (NASDAQ:CLSK)

Hennion & Walsh Asset Management Inc. raised its holdings in shares of CleanSpark, Inc. (NASDAQ:CLSK) by 121.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,323 shares of the company’s stock after acquiring an additional 25,444 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in CleanSpark were worth $427,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Assenagon Asset Management S.A. acquired a new stake in shares of CleanSpark in the 4th quarter valued at approximately $39,940,000. Doliver Advisors LP boosted its holdings in shares of CleanSpark by 59.6% in the 4th quarter. Doliver Advisors LP now owns 20,000 shares of the company’s stock valued at $184,000 after buying an additional 7,470 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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 buying an additional 3,579 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of CleanSpark by 167.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 47,882 shares of the company’s stock valued at $447,000 after buying an additional 29,964 shares during the last quarter. Finally, Arete Wealth Advisors LLC acquired a new stake in shares of CleanSpark in the 3rd quarter valued at approximately $903,000. 43.12% of the stock is owned by institutional investors.

CleanSpark Price Performance

CLSK stock opened at $11.87 on Tuesday. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of -20.47 and a beta of 4.26. The business’s fifty day moving average price is $12.26 and its two-hundred day moving average price is $12.12. CleanSpark, Inc. has a fifty-two week low of $6.41 and a fifty-two week high of $24.72.

Analyst Ratings Changes

CLSK has been the subject of several recent analyst reports. Macquarie increased their price objective on CleanSpark from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. raised CleanSpark from a “neutral” rating to an “overweight” rating and raised their price target for the company from $10.50 to $17.00 in a report on Tuesday, December 10th. HC Wainwright reaffirmed a “buy” rating and set a $27.00 price target on shares of CleanSpark in a report on Tuesday, December 3rd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $23.00 price target on shares of CleanSpark in a report on Thursday, October 3rd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $23.17.

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.