Jupiter Topco LLC Invests $5.99 Million in Core Scientific, Inc. $CORZ

Jupiter Topco LLC purchased a new position in Core Scientific, Inc. (NASDAQ:CORZFree Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 234,117 shares of the company’s stock, valued at approximately $5,992,000. Jupiter Topco LLC owned approximately 0.07% of Core Scientific at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CORZ. Allworth Financial LP grew its stake in Core Scientific by 206.5% during 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 in the last quarter. CoreCap Advisors LLC purchased a new position in Core Scientific in the 2nd quarter worth approximately $36,000. Rakuten Securities Inc. purchased a new position in Core Scientific in the 2nd quarter worth approximately $47,000. Larson Financial Group LLC boosted its holdings 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 last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of 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 purchasing an additional 1,066 shares during the last quarter.

Insider Activity at Core Scientific

In other Core Scientific news, insider Todd M. Duchene sold 10,000 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $17.45, for a total value of $174,500.00. Following the transaction, the insider owned 1,937,896 shares of the company’s stock, valued at $33,816,285.20. This represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Eric Stanton Weiss bought 7,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were bought at an average cost of $19.19 per share, with a total value of $134,330.00. Following the purchase, the director owned 259,262 shares of the company’s stock, valued at $4,975,237.78. This trade represents a 2.77% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have sold 100,000 shares of company stock worth $2,360,300. Company insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

CORZ has been the subject of several recent research reports. Keefe, Bruyette & Woods raised Core Scientific from a “market perform” rating to an “outperform” rating and increased their price target for the company from $25.00 to $28.00 in a report on Thursday, July 30th. B. Riley Financial upped their target price on Core Scientific from $33.00 to $42.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Canaccord Genuity Group raised their target price on Core Scientific from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. BTIG Research reiterated a “buy” rating and set a $38.00 price target on shares of Core Scientific in a report on Tuesday, July 28th. Finally, Lucid Cap Mkts raised shares of Core Scientific to a “strong-buy” rating in a report on Friday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Core Scientific has a consensus rating of “Moderate Buy” and a consensus price target of $32.18.

Get Our Latest Stock Analysis on Core Scientific

Core Scientific Stock Performance

Shares of Core Scientific stock opened at $16.30 on Tuesday. The stock has a 50 day moving average of $21.59 and a 200 day moving average of $21.02. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of -3.69 and a beta of 5.59. Core Scientific, Inc. has a fifty-two week low of $13.14 and a fifty-two week high of $30.46.

Core Scientific (NASDAQ:CORZGet Free Report) last posted its earnings results on Tuesday, July 28th. The company reported ($3.32) EPS 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. Analysts forecast that Core Scientific, Inc. will post -1.36 EPS for the current year.

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.

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

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