Denise Marie Brucia Sterling Sells 802 Shares of Core Scientific, Inc. (NASDAQ:CORZ) Stock

Core Scientific, Inc. (NASDAQ:CORZ) CFO Denise Marie Brucia Sterling sold 802 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $15.64, for a total transaction of $12,543.28. Following the completion of the sale, the chief financial officer now owns 440,028 shares of the company’s stock, valued at approximately $6,882,037.92. This trade represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Core Scientific Trading Down 2.2 %

Shares of CORZ stock opened at $15.98 on Friday. Core Scientific, Inc. has a twelve month low of $2.61 and a twelve month high of $18.63. The stock has a market cap of $4.46 billion and a P/E ratio of -2.95. The stock has a 50 day moving average of $15.56 and a 200 day moving average of $12.98.

Core Scientific (NASDAQ:CORZ) last posted its earnings results on Wednesday, November 6th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The firm had revenue of $95.35 million for the quarter, compared to analysts’ expectations of $94.80 million. On average, research analysts predict that Core Scientific, Inc. will post 0.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CORZ. ORG Wealth Partners LLC purchased a new stake in Core Scientific in the 3rd quarter worth $106,266,000. Rush Island Management LP acquired a new stake in shares of Core Scientific in the third quarter valued at about $32,221,000. Taconic Capital Advisors LP increased its stake in shares of Core Scientific by 178.7% during the third quarter. Taconic Capital Advisors LP now owns 2,717,462 shares of the company’s stock worth $32,229,000 after purchasing an additional 1,742,462 shares in the last quarter. Mirabella Financial Services LLP acquired a new position in shares of Core Scientific during the 3rd quarter worth about $18,383,000. Finally, Geode Capital Management LLC lifted its stake in Core Scientific by 26.7% in the 3rd quarter. Geode Capital Management LLC now owns 5,276,573 shares of the company’s stock valued at $62,594,000 after buying an additional 1,113,285 shares in the last quarter.

Analyst Upgrades and Downgrades

CORZ has been the subject of several analyst reports. Macquarie increased their price objective on Core Scientific from $16.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Roth Mkm began coverage on Core Scientific in a research note on Friday, November 15th. They issued a “buy” rating and a $25.50 price target for the company. Canaccord Genuity Group restated a “buy” rating and set a $17.00 price target on shares of Core Scientific in a research note on Thursday, November 7th. BTIG Research increased their price objective on shares of Core Scientific from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, HC Wainwright boosted their target price on shares of Core Scientific from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $18.86.

Core Scientific Company Profile

Core Scientific, Inc provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.