HighTower Advisors LLC Has $2.99 Million Stock Holdings in Cleanspark, Inc. $CLSK

HighTower Advisors LLC grew its stake in shares of Cleanspark, Inc. (NASDAQ:CLSK) by 351.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 206,298 shares of the company’s stock after acquiring an additional 160,650 shares during the quarter. HighTower Advisors LLC’s holdings in Cleanspark were worth $2,991,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Cleanspark by 54.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,781,191 shares of the company’s stock worth $19,647,000 after acquiring an additional 631,662 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Cleanspark in the 2nd quarter valued at approximately $6,616,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Cleanspark by 310.5% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 495,330 shares of the company’s stock worth $7,182,000 after purchasing an additional 374,671 shares during the period. Exchange Traded Concepts LLC grew its position in Cleanspark by 35.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,417,107 shares of the company’s stock worth $20,548,000 after purchasing an additional 373,259 shares in the last quarter. Finally, CSM Advisors LLC acquired a new stake in Cleanspark during the 2nd quarter valued at $3,647,000. Institutional investors and hedge funds own 43.12% of the company’s stock.

Cleanspark Stock Performance

Shares of CLSK stock opened at $10.44 on Friday. Cleanspark, Inc. has a fifty-two week low of $6.45 and a fifty-two week high of $23.61. The stock’s 50-day moving average is $11.29 and its two-hundred day moving average is $12.83. The company has a debt-to-equity ratio of 1.29, a current ratio of 10.54 and a quick ratio of 10.54. The firm has a market cap of $2.67 billion, a P/E ratio of -9.76 and a beta of 3.47.

Analyst Ratings Changes

Several brokerages have recently commented on CLSK. Chardan Capital decreased their target price on Cleanspark from $30.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Weiss Ratings lowered Cleanspark from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 9th. Keefe, Bruyette & Woods lowered their target price on Cleanspark from $18.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, February 9th. Macquarie Infrastructure dropped their target price on Cleanspark from $30.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, November 26th. Finally, Zacks Research upgraded shares of Cleanspark from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.60.

Insider Buying and Selling

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

Cleanspark Company 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.