Cleanspark, Inc. $CLSK Position Cut by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in Cleanspark, Inc. (NASDAQ:CLSK) by 24.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,082 shares of the company’s stock after selling 79,495 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Cleanspark were worth $2,495,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its holdings 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 buying an additional 745 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Cleanspark by 4.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 20,096 shares of the company’s stock worth $291,000 after buying an additional 781 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Cleanspark by 3.5% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 25,838 shares of the company’s stock worth $375,000 after buying an additional 873 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in Cleanspark by 115.5% in 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 in the last quarter. Finally, CI Investments Inc. grew its holdings in Cleanspark by 6.9% in the 3rd quarter. CI Investments Inc. now owns 15,437 shares of the company’s stock worth $224,000 after buying an additional 997 shares in the last quarter. 43.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Maxim Group assumed coverage on Cleanspark in a report on Thursday, January 8th. They issued a “buy” rating and a $22.00 price objective for the company. Keefe, Bruyette & Woods decreased their price objective on Cleanspark from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, February 9th. B. Riley Financial decreased their price objective on Cleanspark from $22.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Needham & Company LLC decreased their price target on Cleanspark from $25.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Finally, Zacks Research raised Cleanspark from a “strong sell” rating to a “hold” rating in a research note 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.37.

Cleanspark Price Performance

Shares of NASDAQ:CLSK opened at $12.53 on Friday. Cleanspark, Inc. has a one year low of $7.82 and a one year high of $23.61. The stock has a fifty day moving average of $10.25 and a 200-day moving average of $12.29. The company has a market capitalization of $3.20 billion, a PE ratio of -11.71 and a beta of 3.53. The company has a debt-to-equity ratio of 1.29, a quick ratio of 10.54 and a current ratio of 10.54.

Cleanspark 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.