SBI Securities Co. Ltd. Sells 36,662 Shares of Cleanspark, Inc. $CLSK

SBI Securities Co. Ltd. cut its holdings in Cleanspark, Inc. (NASDAQ:CLSK) by 40.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 54,673 shares of the company’s stock after selling 36,662 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Cleanspark were worth $553,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its stake in Cleanspark by 115.5% in the third quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock valued at $25,000 after acquiring an additional 937 shares during the last quarter. Quarry LP bought a new position in Cleanspark in the third quarter valued at approximately $26,000. Morse Asset Management Inc bought a new position in Cleanspark in the third quarter valued at approximately $32,000. Danske Bank A S bought a new position in shares of Cleanspark during the fourth quarter worth $25,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Cleanspark by 38.9% during the third quarter. Smartleaf Asset Management LLC now owns 2,660 shares of the company’s stock worth $40,000 after purchasing an additional 745 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 have recently weighed in on the stock. Cantor Fitzgerald reduced their price target on shares of Cleanspark from $17.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Zacks Research raised shares of Cleanspark from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Weiss Ratings cut shares of Cleanspark from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 9th. Chardan Capital reissued a “buy” rating and set a $16.00 price target on shares of Cleanspark in a research report on Wednesday, April 8th. Finally, Needham & Company LLC lifted their price target on shares of Cleanspark from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.29.

Cleanspark Trading Up 1.6%

Shares of NASDAQ CLSK opened at $14.20 on Friday. The company’s fifty day moving average is $10.49 and its 200-day moving average is $12.03. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of -13.27 and a beta of 3.71. Cleanspark, Inc. has a twelve month low of $8.00 and a twelve month high of $23.61. The company has a quick ratio of 10.54, a current ratio of 10.54 and a debt-to-equity ratio of 1.29.

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.