Galaxy Digital Capital Management GP LLC cut its stake in Core Scientific, Inc. (NASDAQ:CORZ – Free Report) by 25.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 784,540 shares of the company’s stock after selling 272,777 shares during the quarter. Core Scientific comprises approximately 11.9% of Galaxy Digital Capital Management GP LLC’s investment portfolio, making the stock its biggest position. Galaxy Digital Capital Management GP LLC’s holdings in Core Scientific were worth $11,423,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. Xponance LLC grew its holdings in shares of Core Scientific by 2.5% in the fourth quarter. Xponance LLC now owns 22,896 shares of the company’s stock valued at $333,000 after purchasing an additional 562 shares during the period. Xponance Inc. raised its stake in Core Scientific by 2.7% during the third quarter. Xponance Inc. now owns 22,334 shares of the company’s stock worth $401,000 after purchasing an additional 595 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Core Scientific by 3.5% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 21,029 shares of the company’s stock worth $377,000 after purchasing an additional 711 shares during the period. CWA Asset Management Group LLC raised its stake in Core Scientific by 0.3% during the fourth quarter. CWA Asset Management Group LLC now owns 239,937 shares of the company’s stock worth $3,493,000 after purchasing an additional 756 shares during the period. Finally, Orion Porfolio Solutions LLC boosted its holdings in Core Scientific by 5.2% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 15,539 shares of the company’s stock valued at $279,000 after purchasing an additional 766 shares during the last quarter.
Core Scientific Stock Performance
Shares of NASDAQ CORZ opened at $29.16 on Friday. The stock has a market capitalization of $9.27 billion, a PE ratio of -25.58 and a beta of 5.49. The stock has a fifty day simple moving average of $23.97 and a 200-day simple moving average of $19.26. Core Scientific, Inc. has a twelve month low of $10.93 and a twelve month high of $30.46.
Analyst Ratings Changes
Several research firms have recently weighed in on CORZ. BTIG Research increased their price target on shares of Core Scientific from $23.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Loop Capital set a $40.00 price target on shares of Core Scientific in a research report on Friday, June 12th. Lucid Cap Mkts upgraded Core Scientific to a “strong-buy” rating in a report on Friday, June 12th. Wall Street Zen upgraded Core Scientific to a “sell” rating in a research report on Saturday, March 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Core Scientific in a research note on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Core Scientific has an average rating of “Moderate Buy” and a consensus price target of $29.49.
View Our Latest Stock Report on CORZ
Insider Activity
In related news, insider Todd M. Duchene sold 10,000 shares of Core Scientific stock in a transaction on Monday, June 15th. The stock was sold at an average price of $28.19, for a total value of $281,900.00. Following the completion of the transaction, the insider directly owned 2,058,895 shares in the company, valued at approximately $58,040,250.05. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 80,000 shares of company stock valued at $1,746,300 in the last 90 days. 1.70% of the stock is currently owned by company insiders.
Core Scientific Company Profile
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.
Featured Stories
- Five stocks we like better than Core Scientific
- 3 Retail Winners Using Cash Flow to Stay Ahead
- 3 Tech ETFs That Could Bounce Back After the AI Selloff
- 3 Penny Stocks Under $5 Backed by Real Revenue Growth
- 3 Non-Pharma Firms That Could Benefit From the GLP-1 Trend
Want to see what other hedge funds are holding CORZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Core Scientific, Inc. (NASDAQ:CORZ – Free Report).
Receive News & Ratings for Core Scientific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Core Scientific and related companies with MarketBeat.com's FREE daily email newsletter.
