CleanSpark, Inc. (NASDAQ:CLSK) CTO Taylor Monnig Sells 1,350 Shares

CleanSpark, Inc. (NASDAQ:CLSK) CTO Taylor Monnig sold 1,350 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $14.35, for a total value of $19,372.50. Following the completion of the sale, the chief technology officer now directly owns 202,870 shares in the company, valued at approximately $2,911,184.50. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Taylor Monnig also recently made the following trade(s):

• On Friday, October 25th, Taylor Monnig sold 1,350 shares of CleanSpark stock. The shares were sold at an average price of $11.88, for a total value of $16,038.00.
• On Friday, September 27th, Taylor Monnig sold 1,350 shares of CleanSpark stock. The shares were sold at an average price of $10.44, for a total value of $14,094.00.

CleanSpark Stock Performance

Shares of CLSK opened at $14.35 on Monday. The business has a 50-day simple moving average of $11.86 and a two-hundred day simple moving average of $13.54. CleanSpark, Inc. has a 52 week low of $5.73 and a 52 week high of $24.72.

Institutional Trading of CleanSpark

Hedge funds and other institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI increased its position in CleanSpark by 470.9% in the second quarter. National Bank of Canada FI now owns 2,569 shares of the company’s stock worth $41,000 after buying an additional 2,119 shares in the last quarter. Russell Investments Group Ltd. increased its position in CleanSpark by 36.8% in the first quarter. Russell Investments Group Ltd. now owns 2,926 shares of the company’s stock worth $62,000 after buying an additional 787 shares in the last quarter. Hollencrest Capital Management purchased a new stake in CleanSpark in the second quarter worth about $48,000. KBC Group NV grew its position in shares of CleanSpark by 42.0% during the third quarter. KBC Group NV now owns 7,403 shares of the company’s stock worth $69,000 after purchasing an additional 2,190 shares in the last quarter. Finally, Amalgamated Bank grew its position in shares of CleanSpark by 18.4% during the second quarter. Amalgamated Bank now owns 7,667 shares of the company’s stock worth $122,000 after purchasing an additional 1,194 shares in the last quarter. Hedge funds and other institutional investors own 43.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CLSK shares. Macquarie started coverage on CleanSpark in a report on Wednesday, September 25th. They set an “outperform” rating and a $20.00 price target on the stock. JPMorgan Chase & Co. lowered their target price on CleanSpark from $12.50 to $10.50 and set a “neutral” rating on the stock in a report on Friday, August 23rd. HC Wainwright reissued a “buy” rating and issued a $27.00 target price on shares of CleanSpark in a report on Wednesday, September 25th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $23.00 target price on shares of CleanSpark in a report on Thursday, October 3rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.42.

About CleanSpark

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.