Cleanspark, Inc. $CLSK is Shariaportfolio Inc.’s 9th Largest Position

Shariaportfolio Inc. boosted its position in Cleanspark, Inc. (NASDAQ:CLSK) by 41.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 784,787 shares of the company’s stock after acquiring an additional 229,010 shares during the period. Cleanspark comprises approximately 3.3% of Shariaportfolio Inc.’s holdings, making the stock its 9th biggest holding. Shariaportfolio Inc.’s holdings in Cleanspark were worth $7,942,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in Cleanspark by 38.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,660 shares of the company’s stock worth $40,000 after acquiring an additional 745 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Cleanspark by 4.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 20,096 shares of the company’s stock valued at $291,000 after buying an additional 781 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Cleanspark by 3.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 25,838 shares of the company’s stock valued at $375,000 after buying an additional 873 shares during the period. GAMMA Investing LLC grew its stake in shares of Cleanspark by 7.8% during the 3rd quarter. GAMMA Investing LLC now owns 12,915 shares of the company’s stock valued at $187,000 after buying an additional 932 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in shares of Cleanspark by 115.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock valued at $25,000 after buying an additional 937 shares during the period. 43.12% of the stock is owned by hedge funds and other institutional investors.

Cleanspark Stock Up 3.5%

Shares of Cleanspark stock opened at $9.10 on Tuesday. The company has a fifty day moving average price of $9.95 and a 200 day moving average price of $12.80. The company has a current ratio of 10.54, a quick ratio of 10.54 and a debt-to-equity ratio of 1.29. Cleanspark, Inc. has a twelve month low of $6.45 and a twelve month high of $23.61. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of -8.50 and a beta of 3.53.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Needham & Company LLC lowered their price objective on shares of Cleanspark from $25.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Cantor Fitzgerald lowered their price objective on shares of Cleanspark from $21.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Weiss Ratings cut shares of Cleanspark from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, February 9th. Keefe, Bruyette & Woods lowered their price objective on shares of Cleanspark from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, February 9th. Finally, Maxim Group assumed coverage on shares of Cleanspark in a research note on Thursday, January 8th. They set a “buy” rating and a $22.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.60.

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.