Natixis Advisors LLC Takes $252,000 Position in Core Scientific, Inc. (NASDAQ:CORZ)

Natixis Advisors LLC purchased a new stake in shares of Core Scientific, Inc. (NASDAQ:CORZ) during the third quarter, Holdings Channel reports. The fund purchased 21,254 shares of the company’s stock, valued at approximately $252,000.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. acquired a new position in Core Scientific during the 1st quarter valued at $21,973,000. Rise Advisors LLC bought a new stake in Core Scientific during the 2nd quarter worth approximately $65,000. SG Americas Securities LLC acquired a new stake in shares of Core Scientific during the 2nd quarter worth approximately $1,792,000. ORG Partners LLC bought a new position in shares of Core Scientific during the second quarter worth $872,000. Finally, Red Door Wealth Management LLC bought a new position in Core Scientific during the 2nd quarter worth about $218,000.

Insider Transactions at Core Scientific

In other news, Director Yadin Rozov sold 105,000 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 345,239 shares in the company, valued at $6,252,278.29. This represents a 23.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jarrod M. Patten acquired 5,021 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average price of $9.68 per share, with a total value of $48,603.28. Following the completion of the transaction, the director now owns 285,760 shares of the company’s stock, valued at $2,766,156.80. This trade represents a 1.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 32.00% of the stock is currently owned by insiders.

Core Scientific Trading Up 3.4 %

Shares of Core Scientific stock opened at $17.71 on Friday. The company has a 50 day moving average of $14.15 and a 200-day moving average of $10.71. Core Scientific, Inc. has a 1-year low of $2.61 and a 1-year high of $18.63. The company has a market cap of $4.95 billion and a PE ratio of -3.27.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CORZ shares. Jefferies Financial Group assumed coverage on Core Scientific in a research report on Monday, October 28th. They issued a “buy” rating and a $19.00 price objective for the company. Sanford C. Bernstein restated an “outperform” rating and set a $17.00 target price on shares of Core Scientific in a research report on Tuesday, September 10th. B. Riley lifted their price target on shares of Core Scientific from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Canaccord Genuity Group began coverage on Core Scientific in a research report on Monday, September 23rd. They set a “buy” rating and a $16.00 price target on the stock. Finally, Compass Point raised their price objective on Core Scientific from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Thirteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Core Scientific presently has a consensus rating of “Buy” and an average target price of $18.38.

Core Scientific 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.