Lauer Wealth LLC Sells 119,500 Shares of Cleanspark, Inc. $CLSK

Lauer Wealth LLC lessened its stake in shares of Cleanspark, Inc. (NASDAQ:CLSK) by 82.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,000 shares of the company’s stock after selling 119,500 shares during the quarter. Lauer Wealth LLC’s holdings in Cleanspark were worth $377,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in Cleanspark by 1.4% in the second quarter. Geode Capital Management LLC now owns 7,536,772 shares of the company’s stock worth $83,139,000 after purchasing an additional 101,401 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Cleanspark by 2.1% during the 2nd quarter. Invesco Ltd. now owns 3,672,324 shares of the company’s stock valued at $40,506,000 after buying an additional 74,922 shares during the period. Northern Trust Corp grew its holdings in shares of Cleanspark by 16.0% in the first quarter. Northern Trust Corp now owns 2,807,078 shares of the company’s stock worth $18,864,000 after acquiring an additional 388,021 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cleanspark by 54.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,781,191 shares of the company’s stock valued at $19,647,000 after acquiring an additional 631,662 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Cleanspark by 6.5% in the second quarter. Bank of New York Mellon Corp now owns 1,682,416 shares of the company’s stock valued at $18,557,000 after acquiring an additional 103,139 shares during the period. 43.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Cleanspark news, Director Thomas Leigh Wood sold 85,315 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $11.69, for a total transaction of $997,332.35. Following the transaction, the director directly owned 41,421 shares in the company, valued at $484,211.49. This trade represents a 67.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Amanda Cavaleri sold 33,000 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $15.02, for a total value of $495,660.00. Following the completion of the sale, the director owned 107,289 shares of the company’s stock, valued at $1,611,480.78. This represents a 23.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.65% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Needham & Company LLC upped their price objective on Cleanspark from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Macquarie dropped their price target on shares of Cleanspark from $30.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, November 26th. BTIG Research raised their price objective on shares of Cleanspark from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Sanford C. Bernstein lifted their target price on shares of Cleanspark from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Finally, Wall Street Zen downgraded shares of Cleanspark from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $23.20.

Cleanspark Stock Down 2.8%

NASDAQ CLSK opened at $10.42 on Wednesday. Cleanspark, Inc. has a one year low of $6.45 and a one year high of $23.61. The company has a market capitalization of $2.66 billion, a P/E ratio of 9.39 and a beta of 3.79. The stock has a 50 day moving average price of $13.82 and a 200-day moving average price of $12.86. The company has a debt-to-equity ratio of 0.30, a quick ratio of 4.18 and a current ratio of 4.18.

Cleanspark Profile

CleanSpark, Inc (NASDAQ: CLSK) is a leading energy software and services company specializing in advanced microgrid controls and distributed energy resource (DER) management. The firm develops proprietary software platforms designed to optimize power flows across on-grid and off-grid installations, integrating renewable generation, battery storage, and traditional generation assets. CleanSpark’s technology is used by utilities, commercial and industrial enterprises, and remote facilities seeking to enhance energy resilience, reduce operating costs, and achieve sustainability goals.

In addition to its core software offerings, CleanSpark provides end-to-end engineering, procurement and construction (EPC) services.