Cleanspark (NASDAQ:CLSK) Price Target Cut to $19.00 by Analysts at Needham & Company LLC

Cleanspark (NASDAQ:CLSK) had its price objective dropped by equities research analysts at Needham & Company LLC from $25.00 to $19.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price would indicate a potential upside of 129.75% from the company’s current price.

A number of other analysts also recently weighed in on the stock. Chardan Capital reduced their target price on shares of Cleanspark from $30.00 to $16.00 and set a “buy” rating on the stock in a report on Friday. Northland Securities assumed coverage on Cleanspark in a research note on Tuesday, January 13th. They set an “outperform” rating and a $22.50 price objective on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $21.00 price objective on shares of Cleanspark in a research report on Wednesday, November 26th. HC Wainwright dropped their target price on Cleanspark from $30.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Finally, Maxim Group began coverage on Cleanspark in a report on Thursday, January 8th. They issued a “buy” rating and a $22.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cleanspark presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.44.

Cleanspark Stock Performance

NASDAQ CLSK opened at $8.27 on Friday. The business has a 50 day simple moving average of $12.42 and a two-hundred day simple moving average of $13.00. Cleanspark has a 1-year low of $6.45 and a 1-year high of $23.61. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.18 and a quick ratio of 4.18. The stock has a market capitalization of $2.12 billion, a PE ratio of 7.45 and a beta of 3.47.

Insider Activity at Cleanspark

In other news, Director Thomas Leigh Wood sold 85,315 shares of the business’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $11.69, for a total value of $997,332.35. Following the completion of the transaction, the director directly owned 41,421 shares of the company’s stock, valued at approximately $484,211.49. The trade was a 67.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amanda Cavaleri sold 33,000 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $15.02, for a total value of $495,660.00. Following the sale, the director directly owned 107,289 shares in the company, valued at approximately $1,611,480.78. The trade was a 23.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.08% of the company’s stock.

Institutional Trading of Cleanspark

A number of institutional investors have recently modified their holdings of CLSK. Integrated Wealth Concepts LLC bought a new position in shares of Cleanspark during the 1st quarter worth approximately $68,000. Caxton Associates LLP purchased a new position in Cleanspark in the first quarter worth $169,000. United Services Automobile Association purchased a new position in Cleanspark in the first quarter worth $125,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Cleanspark by 16.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 598,994 shares of the company’s stock worth $4,025,000 after purchasing an additional 86,229 shares in the last quarter. Finally, Strs Ohio purchased a new position in Cleanspark during the 1st quarter worth approximately $38,000. 43.12% of the stock is currently owned by institutional investors.

Trending Headlines about Cleanspark

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Reported Q1 revenue of $181.18M (up ~11.6% YoY); company says it exited the quarter with a strengthened balance sheet and is advancing a multi‑gigawatt AI infrastructure platform — signals longer‑term diversification beyond pure mining. CleanSpark Delivers $181 Million in Q1 Revenue
• Positive Sentiment: Operational update: secured land/power agreements supporting up to 600 MW transmission‑level data center capacity in Texas and expanded AI‑ready site portfolio and team hires — supports the company’s stated shift into AI infrastructure. CleanSpark Releases January 2026 Operational Update
• Neutral Sentiment: Mining operations: produced 573 BTC in January; sold ~$14.55M of BTC to fund operations — provides near‑term liquidity but ties some cash flow to realized BTC pricing. CleanSpark produces 573 bitcoin in January
• Neutral Sentiment: Earnings call transcript available — management reiterates balance‑sheet focus and growth in power/AI initiatives; investors will watch commentary on capital allocation and mining economics. Q1 2026 Earnings Call Transcript
• Negative Sentiment: Missed expectations: GAAP EPS of ($0.18) vs. consensus (~($0.07)) and revenue of $181.18M below estimates of ~$200.3M — the headline miss and weaker-than-expected top line triggered investor selling. Earnings results and transcript
• Negative Sentiment: Downgrade / negative analyst commentary pointing to deteriorating mining economics as Bitcoin has tumbled — a direct headwind for valuation given Cleanspark’s mining exposure. Seeking Alpha downgrade
• Negative Sentiment: Market reaction: multiple outlets report after‑hours/early trading declines following the earnings miss and Bitcoin weakness — selling reflects shorter‑term focus on EPS/revenue misses and crypto price pressure. CLSK loses 19% as Earnings, Bitcoin Fall

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.