Sculptor Capital LP Takes $1.09 Million Position in Core Scientific, Inc. $CORZ

Sculptor Capital LP bought a new stake in shares of Core Scientific, Inc. (NASDAQ:CORZ) during the 4th quarter, HoldingsChannel.com reports. The firm bought 75,000 shares of the company’s stock, valued at approximately $1,092,000.

Several other institutional investors have also recently added to or reduced their stakes in CORZ. Allworth Financial LP lifted its holdings in Core Scientific by 206.5% during the 3rd quarter. Allworth Financial LP now owns 1,410 shares of the company’s stock valued at $25,000 after purchasing an additional 950 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Core Scientific by 936.7% during the 4th quarter. Larson Financial Group LLC now owns 1,866 shares of the company’s stock valued at $27,000 after purchasing an additional 1,686 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in Core Scientific by 112.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,017 shares of the company’s stock valued at $34,000 after purchasing an additional 1,066 shares during the last quarter. Danske Bank A S bought a new position in Core Scientific during the 4th quarter valued at about $36,000. Finally, State of Wyoming bought a new position in Core Scientific during the 4th quarter valued at about $66,000.

Insider Buying and Selling at Core Scientific

In other Core Scientific news, insider Todd M. Duchene sold 10,000 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $26.85, for a total value of $268,500.00. Following the completion of the transaction, the insider directly owned 2,068,895 shares of the company’s stock, valued at approximately $55,549,830.75. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 70,000 shares of company stock valued at $1,464,400 over the last ninety days. Insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CORZ shares. LADENBURG THALM/SH SH cut their price target on shares of Core Scientific from $24.50 to $23.75 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Loop Capital set a $40.00 price target on shares of Core Scientific in a report on Friday. Cantor Fitzgerald lifted their price target on shares of Core Scientific from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Canaccord Genuity Group set a $30.00 price target on shares of Core Scientific in a report on Friday, May 8th. Finally, B. Riley Financial lifted their price target on shares of Core Scientific from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Core Scientific has a consensus rating of “Moderate Buy” and an average target price of $29.49.

Core Scientific Trading Up 2.2%

Shares of NASDAQ CORZ opened at $28.22 on Tuesday. Core Scientific, Inc. has a 1-year low of $10.93 and a 1-year high of $30.46. The company has a market cap of $8.97 billion, a PE ratio of -24.75 and a beta of 5.49. The company has a 50-day moving average of $23.01 and a two-hundred day moving average of $18.93.

Core Scientific (NASDAQ:CORZ) last announced its earnings results on Wednesday, May 6th. The company reported ($1.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($1.04). The business had revenue of $115.24 million for the quarter, compared to the consensus estimate of $117.04 million. During the same period in the previous year, the company posted $1.25 earnings per share. The company’s revenue was up 44.9% on a year-over-year basis. As a group, equities research analysts forecast that Core Scientific, Inc. will post 0.08 earnings per share for the current year.

Core Scientific Profile

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.