Core Scientific, Inc. (NASDAQ:CORZ – Get Free Report) insider Todd Duchene sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $19.97, for a total transaction of $199,700.00. Following the sale, the insider directly owned 1,969,101 shares of the company’s stock, valued at approximately $39,322,946.97. This represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Core Scientific Trading Up 5.6%
Core Scientific stock traded up $1.11 during trading on Wednesday, reaching $20.87. The company had a trading volume of 12,362,592 shares, compared to its average volume of 12,846,497. The firm’s 50-day simple moving average is $24.22 and its 200 day simple moving average is $20.98. Core Scientific, Inc. has a 52 week low of $13.14 and a 52 week high of $30.46. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of -4.72 and a beta of 5.59.
Core Scientific (NASDAQ:CORZ – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported ($3.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($3.26). The firm had revenue of $164.20 million during the quarter, compared to analysts’ expectations of $144.83 million. On average, analysts predict that Core Scientific, Inc. will post -1.36 earnings per share for the current year.
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Hedge Funds Weigh In On Core Scientific
Several hedge funds have recently modified their holdings of the stock. Allworth Financial LP raised its holdings in shares of Core Scientific by 206.5% in the third quarter. Allworth Financial LP now owns 1,410 shares of the company’s stock worth $25,000 after buying an additional 950 shares during the last quarter. CoreCap Advisors LLC purchased a new position in Core Scientific during the 2nd quarter worth approximately $36,000. Rakuten Securities Inc. acquired a new stake in Core Scientific during the 2nd quarter valued at approximately $47,000. Larson Financial Group LLC boosted its holdings in shares of Core Scientific by 936.7% in the 4th quarter. Larson Financial Group LLC now owns 1,866 shares of the company’s stock valued at $27,000 after acquiring an additional 1,686 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of Core Scientific by 112.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,017 shares of the company’s stock valued at $34,000 after acquiring an additional 1,066 shares during the last quarter.
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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