CleanSpark (NASDAQ:CLSK) has a gap to $12.01

Shares of CleanSpark, Inc. (NASDAQ:CLSK – Get Your Free Report ) were lower in pre-trading on Tuesday. The stock had previously closed at $12.01 but opened at $12.34. CleanSpark shares last traded at $12.20 with a volume of 4,273,437 shares traded.

Analysts on Wall Street are forecasting an increase

Several equities research analysts have recently issued reports on CLSK shares. Cantor Fitzgerald decreased their price objective on CleanSpark from $28.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. JPMorgan Chase & Co. reduced their target price on shares of CleanSpark from $15.00 to $12.50 and set a “neutral” rating for the company in a research note on Tuesday, June 4th. Chardan Capital reiterated a “buy” rating and set a $26.00 price objective on shares of CleanSpark in a research report on Monday, May 13th. Finally, HC Wainwright restated a “buy” rating and issued a $27.00 target price on shares of CleanSpark in a research report on Monday, August 12th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Moderate Buy” and an average target price of $19.30, based on data from MarketBeat.

Check out our latest report on CleanSpark

CleanSpark trading up 6.4%

The firm has a 50-day moving average of $15.54 and a 200-day moving average of $16.44.

Institutional inputs and outputs

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in CleanSpark by 58.5% in 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. Dimensional Fund Advisors LP boosted its holdings in CleanSpark by 62.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,433,586 shares of the company’s stock worth $93,032,000 after buying an additional 3,235,171 shares during the period. Charles Schwab Investment Management Inc. boosted its position in CleanSpark by 11.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,379,611 shares of the company’s stock valued at $15,217,000 after purchasing an additional 142,078 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of CleanSpark by 74.6% in the second quarter. Millennium Management LLC now owns 1,251,278 shares of the company’s stock worth $19,958,000 after acquiring an additional 534,825 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of CleanSpark in the second quarter valued at about $18,074,000. Institutional investors own 43.12% of the company’s shares.

About CleanSpark

(Get a free report)

CleanSpark, Inc operates as a bitcoin miner in America. It owns and operates data centers that run primarily on low-carbon energy. Its infrastructure supports Bitcoin, a digital commodity and tool for financial independence and inclusion. The company was formerly known as Stratean Inc and changed its name to CleanSpark, Inc in November 2016.

Further reading

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