CleanSpark, Inc. (NASDAQ:CLSK - Get Free Report) CTO Taylor Monnig sold 1,350 shares of CleanSpark stock in a transaction on Friday, October 25th. The shares were sold at an average price of $11.88, for a total value of $16,038.00. Following the transaction, the chief technology officer now owns 204,220 shares in the company, valued at $2,426,133.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Taylor Monnig also recently made the following trade(s):
Shares of CleanSpark stock traded down $0.57 during midday trading on Friday, reaching $11.39. 32,697,025 shares of the company's stock traded hands, compared to its average volume of 30,002,354. CleanSpark, Inc. has a 52 week low of $3.46 and a 52 week high of $24.72. The company's 50 day simple moving average is $10.20 and its 200 day simple moving average is $14.17.
CleanSpark (NASDAQ:CLSK - Get Free Report) last posted its earnings results on Friday, August 9th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). CleanSpark had a negative net margin of 46.31% and a negative return on equity of 3.64%. The company had revenue of $104.11 million for the quarter, compared to the consensus estimate of $114.04 million. Sell-side analysts forecast that CleanSpark, Inc. will post -0.06 earnings per share for the current fiscal year.
CLSK has been the subject of several research reports. HC Wainwright restated a "buy" rating and set a $27.00 price target on shares of CleanSpark in a report on Wednesday, September 25th. JPMorgan Chase & Co. decreased their target price on shares of CleanSpark from $12.50 to $10.50 and set a "neutral" rating for the company in a research note on Friday, August 23rd. Macquarie assumed coverage on shares of CleanSpark in a report on Wednesday, September 25th. They set an "outperform" rating and a $20.00 price target on the stock. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $23.00 price objective on shares of CleanSpark in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.11.
Get Our Latest Research Report on CLSK
A number of institutional investors have recently made changes to their positions in CLSK. Vanguard Group Inc. boosted its position in CleanSpark by 58.5% during the first quarter. Vanguard Group Inc. now owns 12,755,249 shares of the company's stock worth $270,539,000 after purchasing an additional 4,706,738 shares during the period. Marshall Wace LLP bought a new stake in shares of CleanSpark during the 2nd quarter worth $18,074,000. Millennium Management LLC grew its stake in CleanSpark by 74.6% in the 2nd quarter. Millennium Management LLC now owns 1,251,278 shares of the company's stock valued at $19,958,000 after buying an additional 534,825 shares during the last quarter. Bank of New York Mellon Corp grew its stake in CleanSpark by 32.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 871,793 shares of the company's stock valued at $13,905,000 after buying an additional 215,124 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in CleanSpark by 45.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 568,086 shares of the company's stock worth $5,306,000 after acquiring an additional 178,117 shares during the period. 43.12% of the stock is owned by institutional investors.
CleanSpark, Inc operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc and changed its name to CleanSpark, Inc in November 2016.
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