Sanctuary Advisors LLC Purchases 19,522 Shares of Core Scientific, Inc. (NASDAQ:CORZ)

Sanctuary Advisors LLC raised its position in shares of Core Scientific, Inc. (NASDAQ:CORZ) by 130.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,527 shares of the company’s stock after buying an additional 19,522 shares during the quarter. Sanctuary Advisors LLC’s holdings in Core Scientific were worth $409,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CORZ. Banque Cantonale Vaudoise bought a new stake in Core Scientific during the second quarter worth about $28,000. Sunbelt Securities Inc. bought a new stake in shares of Core Scientific in the 2nd quarter worth approximately $33,000. Divisadero Street Capital Management LP purchased a new stake in shares of Core Scientific in the 2nd quarter worth approximately $93,000. Rise Advisors LLC increased its position 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 in the last quarter. Finally, Xponance Inc. purchased a new position in Core Scientific during the second quarter valued at $104,000.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Roth Mkm began coverage on Core Scientific in a research note on Friday, November 15th. They issued a “buy” rating and a $25.50 target price on the stock. Roth Capital raised shares of Core Scientific to a “strong-buy” rating in a research report on Thursday, November 14th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $17.00 target price on shares of Core Scientific in a report on Thursday, November 7th. Canaccord Genuity Group began coverage on shares of Core Scientific in a report on Monday, September 23rd. They set a “buy” rating and a $16.00 price target on the stock. Finally, Macquarie upped their price objective on Core Scientific from $16.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Thirteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $18.46.

Core Scientific Price Performance

Shares of CORZ opened at $14.50 on Friday. The firm has a market capitalization of $4.05 billion and a P/E ratio of -2.68. Core Scientific, Inc. has a one year low of $2.61 and a one year high of $18.63. The business has a fifty day moving average of $15.45 and a 200 day moving average of $12.20.

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.