Public Sector Pension Investment Board Has $15.90 Million Holdings in Cleanspark, Inc. $CLSK

Public Sector Pension Investment Board boosted its position in Cleanspark, Inc. (NASDAQ:CLSK) by 15.6% during the third quarter, HoldingsChannel.com reports. The fund owned 1,096,430 shares of the company’s stock after buying an additional 148,196 shares during the quarter. Public Sector Pension Investment Board’s holdings in Cleanspark were worth $15,898,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CLSK. Hantz Financial Services Inc. lifted its holdings in Cleanspark by 115.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock worth $25,000 after buying an additional 937 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Cleanspark in the 2nd quarter valued at about $29,000. Salomon & Ludwin LLC bought a new stake in shares of Cleanspark in the 3rd quarter valued at $32,000. Strs Ohio bought a new position in shares of Cleanspark during the 1st quarter worth about $38,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Cleanspark by 38.9% in the third quarter. Smartleaf Asset Management LLC now owns 2,660 shares of the company’s stock worth $40,000 after acquiring an additional 745 shares in the last quarter. Institutional investors and hedge funds own 43.12% of the company’s stock.

Cleanspark Price Performance

Cleanspark stock opened at $9.85 on Friday. Cleanspark, Inc. has a 52-week low of $6.45 and a 52-week high of $23.61. The company has a quick ratio of 10.54, a current ratio of 10.54 and a debt-to-equity ratio of 1.29. The firm’s fifty day moving average is $11.88 and its 200 day moving average is $12.90. The company has a market cap of $2.52 billion, a price-to-earnings ratio of -9.21 and a beta of 3.47.

Insiders Place Their Bets

In other news, Director Thomas Leigh Wood sold 85,315 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $11.69, for a total transaction of $997,332.35. Following the sale, the director owned 41,421 shares in the company, valued at approximately $484,211.49. The trade was a 67.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amanda Cavaleri sold 33,000 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $15.02, for a total transaction of $495,660.00. Following the completion of the transaction, the director owned 107,289 shares in the company, valued at approximately $1,611,480.78. This trade represents a 23.52% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.08% of the company’s stock.

Analyst Ratings Changes

CLSK has been the subject of several recent analyst reports. Macquarie Infrastructure reduced their target price on shares of Cleanspark from $30.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. JPMorgan Chase & Co. raised shares of Cleanspark from a “neutral” rating to an “overweight” rating and set a $14.00 price target on the stock in a report on Monday, November 24th. B. Riley Securities decreased their price target on shares of Cleanspark from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday. Weiss Ratings cut shares of Cleanspark from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 9th. Finally, Needham & Company LLC cut their price objective on Cleanspark from $25.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.70.

About Cleanspark

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.