Nations Financial Group Inc. IA ADV Acquires 39,279 Shares of Core Scientific, Inc. $CORZ

Nations Financial Group Inc. IA ADV lifted its holdings in shares of Core Scientific, Inc. (NASDAQ:CORZFree Report) by 19.2% during the first quarter, HoldingsChannel reports. The firm owned 243,939 shares of the company’s stock after acquiring an additional 39,279 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Core Scientific were worth $3,649,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Allworth Financial LP grew its position in shares of Core Scientific by 206.5% in the 3rd quarter. Allworth Financial LP now owns 1,410 shares of the company’s stock valued at $25,000 after purchasing an additional 950 shares during the period. Larson Financial Group LLC raised its holdings in Core Scientific by 936.7% during the 4th quarter. Larson Financial Group LLC now owns 1,866 shares of the company’s stock worth $27,000 after buying an additional 1,686 shares during the period. Osaic Holdings Inc. raised its holdings in Core Scientific by 112.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,017 shares of the company’s stock worth $34,000 after buying an additional 1,066 shares during the period. Danske Bank A S acquired a new stake in Core Scientific during the 4th quarter worth approximately $36,000. Finally, Russell Investments Group Ltd. lifted its stake in Core Scientific by 61.9% in the second quarter. Russell Investments Group Ltd. now owns 3,942 shares of the company’s stock valued at $67,000 after buying an additional 1,507 shares in the last quarter.

Insider Buying and Selling

In related news, insider Todd M. Duchene sold 10,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $28.19, for a total value of $281,900.00. Following the completion of the transaction, the insider owned 2,058,895 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 80,000 shares of company stock worth $1,746,300 in the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Core Scientific Stock Performance

NASDAQ CORZ opened at $29.16 on Monday. Core Scientific, Inc. has a 52 week low of $10.93 and a 52 week high of $30.46. The stock’s 50 day moving average price is $23.97 and its two-hundred day moving average price is $19.28. The stock has a market capitalization of $9.27 billion, a price-to-earnings ratio of -25.58 and a beta of 5.49.

Core Scientific (NASDAQ:CORZGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($1.06) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($1.04). The firm had revenue of $115.24 million for the quarter, compared to the consensus estimate of $117.04 million. During the same period in the prior year, the company earned $1.25 earnings per share. The firm’s quarterly revenue was up 44.9% on a year-over-year basis. On average, equities research analysts forecast that Core Scientific, Inc. will post 0.08 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on CORZ shares. B. Riley Financial upped their price target on shares of Core Scientific from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. BTIG Research raised their price objective on shares of Core Scientific from $23.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. HC Wainwright reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Core Scientific in a research report on Tuesday, March 3rd. Jefferies Financial Group upped their target price on shares of Core Scientific from $24.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Finally, Cantor Fitzgerald increased their target price on Core Scientific from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.49.

View Our Latest Stock Report on Core Scientific

Core Scientific Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Core Scientific (NASDAQ:CORZ)

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