Geode Capital Management LLC raised its position in shares of Core Scientific, Inc. (NASDAQ:CORZ – Free Report) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,651,002 shares of the company’s stock after acquiring an additional 109,145 shares during the period. Geode Capital Management LLC’s holdings in Core Scientific were worth $111,417,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the company. Clearstead Advisors LLC boosted its holdings in shares of Core Scientific by 0.6% during the fourth quarter. Clearstead Advisors LLC now owns 163,767 shares of the company’s stock worth $2,384,000 after acquiring an additional 1,000 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Core Scientific by 1,794.7% during the fourth quarter. Global Retirement Partners LLC now owns 8,564 shares of the company’s stock worth $125,000 after acquiring an additional 8,112 shares during the period. Leonteq Securities AG bought a new stake in shares of Core Scientific during the fourth quarter worth approximately $155,000. Larson Financial Group LLC boosted its holdings in shares of Core Scientific by 936.7% during the fourth quarter. Larson Financial Group LLC now owns 1,866 shares of the company’s stock worth $27,000 after acquiring an additional 1,686 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Core Scientific by 42.1% during the fourth quarter. Handelsbanken Fonder AB now owns 93,800 shares of the company’s stock worth $1,366,000 after acquiring an additional 27,800 shares during the period.
Core Scientific Price Performance
NASDAQ CORZ opened at $25.85 on Friday. The business has a fifty day moving average price of $21.58 and a two-hundred day moving average price of $18.41. Core Scientific, Inc. has a fifty-two week low of $10.93 and a fifty-two week high of $30.46. The stock has a market capitalization of $8.22 billion, a PE ratio of -22.68 and a beta of 5.49.
Insiders Place Their Bets
In other Core Scientific news, insider Todd M. Duchene sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $26.25, for a total transaction of $262,500.00. Following the completion of the sale, the insider directly owned 2,088,895 shares in the company, valued at $54,833,493.75. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 60,000 shares of company stock worth $1,195,900 in the last three months. 1.70% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
CORZ has been the subject of a number of research analyst reports. Canaccord Genuity Group set a $30.00 price objective on Core Scientific in a report on Friday, May 8th. LADENBURG THALM/SH SH reduced their price objective on Core Scientific from $24.50 to $23.75 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Jefferies Financial Group boosted their price target on Core Scientific from $24.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Core Scientific in a research note on Monday, April 20th. Finally, B. Riley Financial boosted their price target on Core Scientific from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.83.
View Our Latest Report on Core Scientific
About Core Scientific
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.
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