Rhumbline Advisers Increases Stock Position in CleanSpark, Inc. (NASDAQ:CLSK)

Rhumbline Advisers increased its position in shares of CleanSpark, Inc. (NASDAQ:CLSK) by 4.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 313,148 shares of the company’s stock after purchasing an additional 13,746 shares during the quarter. Rhumbline Advisers owned approximately 0.14% of CleanSpark worth $4,995,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in shares of CleanSpark by 50.5% in the 4th quarter. Victory Capital Management Inc. now owns 23,973 shares of the company’s stock worth $264,000 after buying an additional 8,040 shares during the last quarter. Swiss National Bank boosted its position in CleanSpark by 27.8% in the fourth quarter. Swiss National Bank now owns 300,800 shares of the company’s stock worth $3,318,000 after purchasing an additional 65,400 shares during the last quarter. Amalgamated Bank grew its stake in CleanSpark by 25.4% in the 4th quarter. Amalgamated Bank now owns 13,197 shares of the company’s stock valued at $146,000 after purchasing an additional 2,671 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of CleanSpark by 11.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,379,611 shares of the company’s stock valued at $15,217,000 after purchasing an additional 142,078 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of CleanSpark by 62.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,433,586 shares of the company’s stock worth $93,032,000 after purchasing an additional 3,235,171 shares during the period. 43.12% of the stock is owned by institutional investors.

Insider Transactions at CleanSpark

In related news, Director Thomas Leigh Wood sold 22,222 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $9.24, for a total transaction of $205,331.28. Following the completion of the transaction, the director now owns 137,050 shares of the company’s stock, valued at $1,266,342. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 26,272 shares of company stock valued at $264,421. 3.46% of the stock is currently owned by corporate insiders.

CleanSpark Stock Up 1.4 %

CLSK opened at $9.38 on Monday. CleanSpark, Inc. has a 12 month low of $3.38 and a 12 month high of $24.72. The company has a 50 day moving average of $13.08 and a 200 day moving average of $15.81.

CleanSpark (NASDAQ:CLSK) last announced its quarterly earnings results on Friday, August 9th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $104.11 million during the quarter, compared to analysts’ expectations 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.

Analyst Ratings Changes

Several research firms recently weighed in on CLSK. HC Wainwright restated a “buy” rating and set a $27.00 price target on shares of CleanSpark in a research report on Wednesday, September 11th. Cantor Fitzgerald restated an “overweight” rating and set a $23.00 price target on shares of CleanSpark in a research note on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on CleanSpark from $12.50 to $10.50 and set a “neutral” rating on the stock in a research note 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.com, CleanSpark has a consensus 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.