Cleanspark (NASDAQ:CLSK) Shares Down 7.3% – Should You Sell?

06 Jan 2026, 20:24 by Mitch Edgeman · The Markets Daily

Cleanspark, Inc. (NASDAQ:CLSK – Get Free Report)’s share price fell 7.3% on Tuesday . The company traded as low as $11.53 and last traded at $11.4010. 10,751,405 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 21,946,258 shares. The stock had previously closed at $12.30.

Wall Street Analyst Weigh In

CLSK has been the topic of a number of research reports. Macquarie cut their price objective on Cleanspark from $30.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, November 26th. Sanford C. Bernstein increased their target price on shares of Cleanspark from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Chardan Capital reaffirmed a “buy” rating and set a $30.00 price target on shares of Cleanspark in a research report on Wednesday, November 26th. Needham & Company LLC boosted their price objective on shares of Cleanspark from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Finally, Wall Street Zen downgraded shares of Cleanspark from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.20.

Read Our Latest Stock Analysis on CLSK

Cleanspark Price Performance

The business’s 50 day moving average price is $13.22 and its 200-day moving average price is $12.91. The company has a quick ratio of 4.18, a current ratio of 4.18 and a debt-to-equity ratio of 0.30. The company has a market cap of $3.07 billion, a PE ratio of 10.81 and a beta of 3.47.

Insiders Place Their Bets

In other Cleanspark news, Director Thomas Leigh Wood sold 85,315 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $11.69, for a total value of $997,332.35. Following the transaction, the director owned 41,421 shares in the company, valued at $484,211.49. The trade was a 67.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Amanda Cavaleri sold 33,000 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $15.02, for a total value of $495,660.00. Following the sale, the director owned 107,289 shares of the company’s stock, valued at $1,611,480.78. This represents a 23.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.65% of the company’s stock.

Institutional Investors Weigh In On Cleanspark

Several hedge funds and other institutional investors have recently bought and sold shares of CLSK. Hantz Financial Services Inc. boosted its stake in shares of Cleanspark by 115.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock valued at $25,000 after buying an additional 937 shares during the last quarter. Quarry LP bought a new stake in shares of Cleanspark in the third quarter worth $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Cleanspark in the second quarter valued at $29,000. Fifth Third Bancorp raised its holdings in Cleanspark by 145.3% in the second quarter. Fifth Third Bancorp now owns 2,860 shares of the company’s stock valued at $32,000 after acquiring an additional 1,694 shares in the last quarter. Finally, Salomon & Ludwin LLC bought a new position in shares of Cleanspark during the third quarter worth about $32,000. 43.12% of the stock is currently owned by hedge funds and other institutional investors.

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.