Core Scientific, Inc. $CORZ Holdings Raised by ORG Wealth Partners LLC

ORG Wealth Partners LLC grew its stake in shares of Core Scientific, Inc. (NASDAQ:CORZ) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,290,481 shares of the company’s stock after acquiring an additional 128,284 shares during the quarter. Core Scientific comprises approximately 31.3% of ORG Wealth Partners LLC’s investment portfolio, making the stock its largest holding. ORG Wealth Partners LLC owned about 2.37% of Core Scientific worth $130,791,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. HHM Wealth Advisors LLC increased its stake in Core Scientific by 96.5% during the 2nd quarter. HHM Wealth Advisors LLC now owns 1,926 shares of the company’s stock valued at $33,000 after purchasing an additional 946 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Core Scientific by 112.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,017 shares of the company’s stock valued at $34,000 after acquiring an additional 1,066 shares during the period. Advisors Asset Management Inc. increased its position in shares of Core Scientific by 68.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,690 shares of the company’s stock valued at $46,000 after acquiring an additional 1,092 shares during the period. Bernard Wealth Management Corp. purchased a new position in Core Scientific in the 2nd quarter worth $51,000. Finally, PNC Financial Services Group Inc. lifted its position in Core Scientific by 396.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,731 shares of the company’s stock worth $64,000 after acquiring an additional 2,980 shares during the period.

Core Scientific Price Performance

Shares of NASDAQ CORZ opened at $17.14 on Friday. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 114.27 and a beta of 6.87. The firm’s 50 day simple moving average is $16.52 and its 200-day simple moving average is $16.03. Core Scientific, Inc. has a 12 month low of $6.20 and a 12 month high of $23.63.

Core Scientific (NASDAQ:CORZ) last announced its quarterly earnings results on Friday, October 24th. The company reported ($0.46) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.85) by $0.39. The firm had revenue of $81.10 million for the quarter, compared to analysts’ expectations of $107.18 million. Analysts anticipate that Core Scientific, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Activity at Core Scientific

In other Core Scientific news, Director Eric Stanton Weiss bought 5,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were purchased at an average cost of $21.50 per share, for a total transaction of $107,500.00. Following the transaction, the director directly owned 226,687 shares of the company’s stock, valued at approximately $4,873,770.50. The trade was a 2.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Compass Point started coverage on Core Scientific in a report on Monday, September 15th. They issued a “buy” rating on the stock. Sanford C. Bernstein increased their price target on shares of Core Scientific from $17.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Zacks Research lowered shares of Core Scientific from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 31st. Citigroup raised shares of Core Scientific from a “market perform” rating to an “outperform” rating in a report on Thursday, December 18th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Core Scientific in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $23.34.

About Core Scientific

Core Scientific, Inc (NASDAQ: CORZ) is a leading provider of large-scale blockchain infrastructure and digital asset mining services. The company develops, owns and operates high-performance data centers optimized for the mining of Bitcoin and other proof-of-work cryptocurrencies. In addition to its core mining operations, Core Scientific offers colocation, hosting and managed services designed to support institutional clients and enterprise users in deploying and scaling blockchain nodes and computing hardware.

Core Scientific’s service portfolio includes hardware procurement, deployment and maintenance, real-time monitoring, power management and network connectivity.