100,030 Shares in Core Scientific, Inc. (NASDAQ:CORZ) Acquired by Calamos Advisors LLC

Calamos Advisors LLC purchased a new position in shares of Core Scientific, Inc. (NASDAQ:CORZ - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 100,030 shares of the company's stock, valued at approximately $1,405,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CORZ. Rise Advisors LLC raised its stake in Core Scientific by 14.3% during the third quarter. Rise Advisors LLC now owns 8,000 shares of the company's stock worth $95,000 after purchasing an additional 1,000 shares during the period. Vontobel Holding Ltd. lifted its holdings in Core Scientific by 10.4% in the third quarter. Vontobel Holding Ltd. now owns 38,089 shares of the company's stock valued at $452,000 after acquiring an additional 3,591 shares during the last quarter. Harvest Portfolios Group Inc. grew its position in Core Scientific by 10.1% in the third quarter. Harvest Portfolios Group Inc. now owns 55,881 shares of the company's stock worth $663,000 after acquiring an additional 5,109 shares during the period. Pekin Hardy Strauss Inc. increased its stake in Core Scientific by 25.4% during the third quarter. Pekin Hardy Strauss Inc. now owns 30,725 shares of the company's stock worth $364,000 after acquiring an additional 6,225 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Core Scientific by 41.5% in the third quarter. Victory Capital Management Inc. now owns 26,633 shares of the company's stock valued at $316,000 after purchasing an additional 7,814 shares during the period.

Core Scientific Trading Up 0.2 %

NASDAQ:CORZ traded up $0.03 during mid-day trading on Friday, hitting $12.56. The stock had a trading volume of 7,547,695 shares, compared to its average volume of 12,171,637. Core Scientific, Inc. has a twelve month low of $2.61 and a twelve month high of $18.63. The company has a market capitalization of $3.51 billion and a PE ratio of -2.32. The stock has a 50-day simple moving average of $14.50 and a two-hundred day simple moving average of $13.07.

Core Scientific (NASDAQ:CORZ - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.02). The firm had revenue of $95.35 million during the quarter, compared to analyst estimates of $94.80 million. Sell-side analysts predict that Core Scientific, Inc. will post 0.5 EPS for the current fiscal year.

Insider Transactions at Core Scientific

In other Core Scientific news, insider Todd M. Duchene sold 25,000 shares of the firm's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $17.10, for a total transaction of $427,500.00. Following the transaction, the insider now directly owns 1,661,474 shares of the company's stock, valued at approximately $28,411,205.40. This trade represents a 1.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Adam Taylor Sullivan sold 88,380 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $14.24, for a total transaction of $1,258,531.20. Following the sale, the chief executive officer now owns 4,128,505 shares of the company's stock, valued at $58,789,911.20. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 744,032 shares of company stock worth $11,863,966. 32.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CORZ. Compass Point raised their price objective on Core Scientific from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Jefferies Financial Group initiated coverage on shares of Core Scientific in a research report on Monday, October 28th. They set a "buy" rating and a $19.00 price target for the company. BTIG Research upped their price objective on shares of Core Scientific from $19.00 to $20.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Needham & Company LLC reiterated a "buy" rating and issued a $18.00 target price on shares of Core Scientific in a report on Friday, January 17th. Finally, Craig Hallum began coverage on Core Scientific in a research note on Tuesday, January 21st. They set a "buy" rating and a $24.00 price target on the stock. Fifteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $19.07.

Core Scientific 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.