Elizabeth Crain Buys 6,000 Shares of Core Scientific (NASDAQ:CORZ) Stock

Core Scientific, Inc. (NASDAQ:CORZGet 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:CORZGet 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

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group upped their price objective on shares of Core Scientific from $24.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Loop Capital set a $40.00 target price on shares of Core Scientific in a report on Friday, June 12th. Freedom Capital raised shares of Core Scientific from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Keefe, Bruyette & Woods upgraded shares of Core Scientific from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $25.00 to $28.00 in a report on Thursday, July 30th. Finally, BTIG Research reaffirmed a “buy” rating and set a $38.00 price target on shares of Core Scientific in a research report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.18.

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

(Get 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.

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Insider Buying and Selling by Quarter for Core Scientific (NASDAQ:CORZ)

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