50,000 Shares in Core Scientific, Inc. (NASDAQ:CORZ) Purchased by Symmetry Investments LP

Symmetry Investments LP acquired a new position in shares of Core Scientific, Inc. (NASDAQ:CORZ) in the 2nd quarter, Holdings Channel reports. The fund acquired 50,000 shares of the company’s stock, valued at approximately $465,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. acquired a new position in shares of Core Scientific during the 1st quarter worth about $21,973,000. Hexagon Capital Partners LLC acquired a new position in Core Scientific in the 1st quarter valued at approximately $34,000. Blair William & Co. IL bought a new stake in shares of Core Scientific in the 1st quarter worth approximately $1,156,000. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of Core Scientific in the 2nd quarter worth approximately $1,218,000. Finally, Vident Advisory LLC bought a new stake in shares of Core Scientific in the 1st quarter worth approximately $4,047,000.

Analyst Ratings Changes

CORZ has been the subject of a number of research reports. HC Wainwright raised their price objective on Core Scientific from $11.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. LADENBURG THALM/SH SH reiterated a “buy” rating and issued a $14.50 price objective on shares of Core Scientific in a research report on Tuesday, July 2nd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $17.00 price objective on shares of Core Scientific in a research report on Tuesday, September 10th. B. Riley upgraded Core Scientific from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $0.50 to $13.00 in a research report on Wednesday, July 17th. Finally, Needham & Company LLC initiated coverage on Core Scientific in a research report on Wednesday, September 4th. They issued a “buy” rating and a $16.00 price objective for the company. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $14.88.

Insider Activity at Core Scientific

In related news, insider Todd M. Duchene sold 7,321 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $9.39, for a total transaction of $68,744.19. Following the completion of the sale, the insider now directly owns 359,877 shares of the company’s stock, valued at approximately $3,379,245.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Todd M. Duchene sold 7,321 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $9.39, for a total transaction of $68,744.19. Following the completion of the sale, the insider now directly owns 359,877 shares of the company’s stock, valued at approximately $3,379,245.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Todd M. Duchene sold 11,582 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $9.41, for a total value of $108,986.62. Following the sale, the insider now directly owns 1,686,474 shares of the company’s stock, valued at $15,869,720.34. The disclosure for this sale can be found here. In the last three months, insiders acquired 12,761 shares of company stock valued at $127,080 and sold 27,655 shares valued at $260,087. Insiders own 32.00% of the company’s stock.

Core Scientific Price Performance

Shares of CORZ opened at $11.98 on Friday. Core Scientific, Inc. has a 1 year low of $2.61 and a 1 year high of $12.63. The stock has a 50 day simple moving average of $10.19 and a 200-day simple moving average of $7.05.

Core Scientific (NASDAQ:CORZ) last issued its earnings results on Wednesday, August 7th. The company reported ($4.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($4.47). The firm had revenue of $141.10 million during the quarter, compared to analyst estimates of $128.58 million. The firm’s revenue was up 11.2% compared to the same quarter last year. As a group, research analysts forecast that Core Scientific, Inc. will post 0.01 earnings per share for the current year.

Core Scientific Company Profile

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.