29,986 Shares in Core Scientific, Inc. (NASDAQ:CORZ) Acquired by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC acquired a new stake in Core Scientific, Inc. (NASDAQ:CORZ) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 29,986 shares of the company’s stock, valued at approximately $421,000.

Other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC increased its holdings in shares of Core Scientific by 0.3% in the fourth quarter. ORG Wealth Partners LLC now owns 8,986,651 shares of the company’s stock valued at $126,262,000 after purchasing an additional 26,649 shares in the last quarter. Parsifal Capital Management LP boosted its position in Core Scientific by 3.9% in the 3rd quarter. Parsifal Capital Management LP now owns 5,412,825 shares of the company’s stock valued at $64,196,000 after buying an additional 204,314 shares during the last quarter. Geode Capital Management LLC boosted its position 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 during the last quarter. State Street Corp increased its stake in shares of Core Scientific by 17.0% in the 3rd quarter. State Street Corp now owns 4,006,922 shares of the company’s stock valued at $47,522,000 after buying an additional 583,493 shares during the period. Finally, Taconic Capital Advisors LP raised its position 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 acquiring an additional 1,742,462 shares during the last quarter.

Analyst Upgrades and Downgrades

CORZ has been the topic of several recent research reports. BTIG Research raised their price target on Core Scientific from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, December 16th. Macquarie raised their target price on shares of Core Scientific from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. HC Wainwright boosted their price target on shares of Core Scientific from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Craig Hallum initiated coverage on shares of Core Scientific in a research note on Tuesday, January 21st. They issued a “buy” rating and a $24.00 price objective on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and set a $18.00 target price on shares of Core Scientific in a research report on Friday, January 17th. Fifteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $19.07.

Insiders Place Their Bets

In other news, CEO Adam Taylor Sullivan sold 369,712 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $16.24, for a total value of $6,004,122.88. Following the completion of the transaction, the chief executive officer now owns 3,758,793 shares in the company, valued at $61,042,798.32. This trade represents a 8.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Todd M. Duchene sold 25,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $17.10, for a total value of $427,500.00. Following the sale, the insider now owns 1,661,474 shares in the company, valued at $28,411,205.40. The trade was a 1.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 744,032 shares of company stock valued at $11,863,966 in the last quarter. 32.00% of the stock is currently owned by insiders.

Core Scientific Price Performance

Shares of Core Scientific stock opened at $11.31 on Wednesday. The company has a market capitalization of $3.16 billion and a P/E ratio of -2.09. The business has a 50-day moving average of $15.37 and a two-hundred day moving average of $13.03. Core Scientific, Inc. has a 1 year low of $2.61 and a 1 year high of $18.63.

Core Scientific (NASDAQ:CORZ) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The company had revenue of $95.35 million for the quarter, compared to analyst estimates of $94.80 million. On average, equities analysts anticipate that Core Scientific, Inc. will post 0.5 EPS for the current fiscal year.

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.