Core Scientific, Inc. (NASDAQ:CORZ – Get Free Report) Director Elizabeth Crain purchased 6,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was bought at an average price of $18.33 per share, with a total value of $109,980.00. Following the completion of the transaction, the director directly owned 71,348 shares of the company’s stock, valued at approximately $1,307,808.84. This represents a 9.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Core Scientific Stock Performance
Shares of Core Scientific stock opened at $18.03 on Wednesday. Core Scientific, Inc. has a one year low of $13.14 and a one year high of $30.46. The company has a market cap of $5.79 billion, a price-to-earnings ratio of -4.08 and a beta of 5.59. The business’s 50 day moving average price is $22.55 and its 200 day moving average price is $21.02.
Core Scientific (NASDAQ:CORZ – Get Free Report) last released 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 business had revenue of $164.20 million during the quarter, compared to the consensus estimate of $144.83 million. On average, analysts predict that Core Scientific, Inc. will post -1.36 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Get Our Latest Analysis on Core Scientific
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Allworth Financial LP raised its stake 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 acquiring an additional 950 shares during the period. Larson Financial Group LLC boosted its position in shares of 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 purchasing an additional 1,686 shares during the period. Osaic Holdings Inc. increased its holdings in 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 purchasing an additional 1,066 shares during the last quarter. Danske Bank A S acquired a new stake in Core Scientific in the 4th quarter valued at approximately $36,000. Finally, CoreCap Advisors LLC purchased a new stake in Core Scientific in the second quarter valued at approximately $36,000.
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.
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