Key Points
- COO Taylor Monnig sold 25,249 CleanSpark shares for approximately $336,822 at an average price of $13.34, reducing his position by 9.66% to 236,114 shares. Including an earlier transaction, he sold 29,762 shares worth about $394,000 in September.
- CleanSpark reported weaker-than-expected quarterly results, with an adjusted loss of $0.89 per share versus the $0.47 consensus estimate and revenue of $138.01 million, down 30.5% year over year.
- Despite the earnings shortfall, analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $23.88, well above the stock’s recent price near $13.28.
Cleanspark, Inc. (NASDAQ:CLSK - Get Free Report) COO Taylor Monnig sold 4,513 shares of the company's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $12.61, for a total transaction of $56,908.93. Following the transaction, the chief operating officer owned 258,969 shares in the company, valued at $3,265,599.09. The trade was a 1.71% 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):
- On Tuesday, September 8th, Taylor Monnig sold 25,249 shares of Cleanspark stock. The stock was sold at an average price of $13.34, for a total transaction of $336,821.66.
- On Friday, August 14th, Taylor Monnig sold 54 shares of Cleanspark stock. The shares were sold at an average price of $11.51, for a total transaction of $621.54.
Cleanspark Price Performance
NASDAQ CLSK opened at $13.28 on Thursday. The company has a market cap of $3.41 billion, a price-to-earnings ratio of -3.52 and a beta of 3.84. The company has a debt-to-equity ratio of 2.34, a current ratio of 5.91 and a quick ratio of 2.11. The stock's fifty day moving average price is $12.90 and its 200 day moving average price is $12.84. Cleanspark, Inc. has a 1 year low of $8.00 and a 1 year high of $23.61.
Cleanspark (NASDAQ:CLSK - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.89) EPS for the quarter, missing analysts' consensus estimates of ($0.47) by ($0.42). Cleanspark had a negative return on equity of 18.63% and a negative net margin of 146.90%.The firm had revenue of $138.01 million for the quarter, compared to analyst estimates of $142.37 million. During the same period in the prior year, the firm posted $0.90 EPS. The business's revenue was down 30.5% compared to the same quarter last year. As a group, equities research analysts forecast that Cleanspark, Inc. will post -1.4 earnings per share for the current year.
Hedge Funds Weigh In On Cleanspark
Several institutional investors have recently made changes to their positions in the company. Markowski Investments purchased a new stake in Cleanspark during the second quarter worth $25,000. Quarry LP purchased a new position in Cleanspark in the third quarter valued at $26,000. Morse Asset Management Inc acquired a new position in shares of Cleanspark in the third quarter worth about $32,000. CIBC Private Wealth Group LLC raised its position in shares of Cleanspark by 5,081.0% in the third quarter. CIBC Private Wealth Group LLC now owns 3,005 shares of the company's stock worth $44,000 after acquiring an additional 2,947 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of Cleanspark by 2,019.6% during the 3rd quarter. Parallel Advisors LLC now owns 3,900 shares of the company's stock worth $57,000 after acquiring an additional 3,716 shares in the last quarter. 43.12% of the stock is owned by hedge funds and other institutional investors.
More Cleanspark News
Here are the key news stories impacting Cleanspark this week:
- Positive Sentiment: CleanSpark received conditional ERCOT classifications covering 885 megawatts across its Texas sites. The company also secured 585 MW of baseload capacity for its Batch Zero project, supporting its strategy to expand from Bitcoin mining into high-performance data-center infrastructure. The classifications remain conditional and subject to ERCOT’s regulatory process. CleanSpark receives conditional ERCOT classifications for 885 MW in Texas CleanSpark secures 585MW baseload for Batch Zero project
- Positive Sentiment: In its August operational update, CleanSpark reported producing 593 Bitcoin during the month and said construction continues at its Sandersville campus. The company also cited approximately $6.6 billion in contracted revenue, which could improve long-term growth visibility if its data-center plans are executed successfully. CleanSpark Releases August 2026 Operational Update
- Neutral Sentiment: Reports noted that CleanSpark held 13,703 BTC after August production, but its holdings declined because of Bitcoin sales. The sales may provide liquidity for expansion, though they reduce exposure to potential Bitcoin-price gains. CleanSpark produces 593 Bitcoins in August
- Neutral Sentiment: A Zacks article discussed Wall Street’s generally favorable view of CLSK, but it did not identify a major new rating change or estimate revision, making the immediate trading impact likely limited. Wall Street Analysts Think CleanSpark Is a Good Investment
- Negative Sentiment: COO Taylor Monnig disclosed sales totaling approximately 29,762 shares worth about $394,000 across September 4 and September 8. The transactions reduced his direct holdings and may weigh on sentiment, although he still owns a substantial position. SEC insider ownership filing
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of Cleanspark from a "strong sell" rating to a "hold" rating in a research note on Friday, July 10th. B. Riley Financial boosted their target price on shares of Cleanspark from $19.00 to $26.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods upped their price target on shares of Cleanspark from $16.00 to $25.00 and gave the company an "outperform" rating in a report on Tuesday, July 28th. Weiss Ratings raised Cleanspark from a "sell (d-)" rating to a "sell (d)" rating in a research report on Tuesday, August 11th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $26.00 price objective on shares of Cleanspark in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.88.
Check Out Our Latest Stock Report on CLSK
Cleanspark Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
