Janus Henderson Group PLC Purchases Shares of 59,500 Core Scientific, Inc. (NASDAQ:CORZ)

Janus Henderson Group PLC acquired a new position in shares of Core Scientific, Inc. (NASDAQ:CORZ) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 59,500 shares of the company’s stock, valued at approximately $706,000.

A number of other hedge funds have also modified their holdings of CORZ. Rise Advisors LLC grew its holdings in Core Scientific by 14.3% during the 3rd quarter. Rise Advisors LLC now owns 8,000 shares of the company’s stock valued at $95,000 after buying an additional 1,000 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Core Scientific during the second quarter valued at $28,000. Sunbelt Securities Inc. purchased a new stake in Core Scientific during the 2nd quarter worth about $33,000. Vontobel Holding Ltd. raised its stake in Core Scientific by 10.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 38,089 shares of the company’s stock valued at $452,000 after purchasing an additional 3,591 shares during the last quarter. Finally, Harvest Portfolios Group Inc. lifted its holdings in Core Scientific by 10.1% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 55,881 shares of the company’s stock valued at $663,000 after purchasing an additional 5,109 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a $17.00 price target on shares of Core Scientific in a report on Thursday, November 7th. Roth Mkm began coverage on Core Scientific in a research note on Friday, November 15th. They set a “buy” rating and a $25.50 price target on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $20.00 price objective on shares of Core Scientific in a research report on Thursday, October 3rd. Sanford C. Bernstein reiterated an “outperform” rating and set a $17.00 target price on shares of Core Scientific in a research report on Tuesday, September 10th. Finally, HC Wainwright lifted their price target on Core Scientific from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Thirteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $18.38.

Insider Activity

In other news, Director Yadin Rozov sold 105,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $18.11, for a total value of $1,901,550.00. Following the completion of the sale, the director now owns 345,239 shares in the company, valued at approximately $6,252,278.29. This trade represents a 23.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Todd M. Duchene sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $17.10, for a total value of $427,500.00. Following the transaction, the insider now directly owns 1,661,474 shares in the company, valued at $28,411,205.40. This trade represents a 1.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 32.00% of the company’s stock.

Core Scientific Stock Up 0.1 %

Shares of CORZ stock opened at $15.55 on Friday. Core Scientific, Inc. has a fifty-two week low of $2.61 and a fifty-two week high of $18.63. The firm’s 50 day moving average price is $15.08 and its two-hundred day moving average price is $11.71. The stock has a market cap of $4.34 billion and a price-to-earnings ratio of -2.87.

About Core Scientific

Core Scientific, Inc provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.