CleanSpark, Inc. (NASDAQ:CLSK) CTO Sells $14,040.00 in Stock

CleanSpark, Inc. (NASDAQ:CLSK) CTO Taylor Monnig sold 1,350 shares of CleanSpark stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $10.40, for a total transaction of $14,040.00. Following the completion of the sale, the chief technology officer now owns 201,520 shares of the company’s stock, valued at $2,095,808. This represents a 0.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, November 29th, Taylor Monnig sold 1,350 shares of CleanSpark stock. The stock was sold at an average price of $14.35, for a total transaction of $19,372.50.
• On Friday, October 25th, Taylor Monnig sold 1,350 shares of CleanSpark stock. The shares were sold at an average price of $11.88, for a total transaction of $16,038.00.

CleanSpark Trading Down 5.6 %

Shares of NASDAQ:CLSK opened at $9.78 on Monday. CleanSpark, Inc. has a 12-month low of $6.41 and a 12-month high of $24.72. The company has a market cap of $2.86 billion, a PE ratio of -16.86 and a beta of 4.16. The stock has a 50 day moving average of $12.84 and a 200 day moving average of $12.91.

Institutional Trading of CleanSpark

Hedge funds and other institutional investors have recently modified their holdings of the company. Hollencrest Capital Management boosted its holdings in CleanSpark by 33.3% in the 3rd quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock worth $37,000 after buying an additional 1,000 shares during the period. National Bank of Canada FI boosted its stake in shares of CleanSpark by 470.9% in the second quarter. National Bank of Canada FI now owns 2,569 shares of the company’s stock worth $41,000 after acquiring an additional 2,119 shares during the period. KBC Group NV grew its position in shares of CleanSpark by 42.0% during the third quarter. KBC Group NV now owns 7,403 shares of the company’s stock worth $69,000 after purchasing an additional 2,190 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in CleanSpark by 21.2% during the 3rd 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 during the period. Finally, Doliver Advisors LP purchased a new position in CleanSpark in the 3rd quarter worth approximately $117,000. 43.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Macquarie lifted their price objective on CleanSpark from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. raised shares of CleanSpark from a “neutral” rating to an “overweight” rating and upped their price target for the company from $10.50 to $17.00 in a research report on Tuesday, December 10th. HC Wainwright reissued a “buy” rating and issued a $27.00 price objective on shares of CleanSpark in a report on Tuesday, December 3rd. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $23.00 target price on shares of CleanSpark in a research report on Thursday, October 3rd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $23.17.

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.