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

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

Core Scientific Trading Down 2.2 %

NASDAQ:CORZ traded down $0.36 during trading hours on Friday, hitting $15.98. The company had a trading volume of 7,341,216 shares, compared to its average volume of 8,522,504. Core Scientific, Inc. has a 1 year low of $2.61 and a 1 year high of $18.63. The company has a market cap of $4.46 billion and a P/E ratio of -2.95. The company has a 50-day moving average of $15.56 and a 200 day moving average of $12.96.

Core Scientific (NASDAQ:CORZ - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.02). The company had revenue of $95.35 million for the quarter, compared to analysts' expectations of $94.80 million. On average, analysts forecast that Core Scientific, Inc. will post 0.5 earnings per share for the current year.

Hedge Funds Weigh In On Core Scientific

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rise Advisors LLC boosted its stake in shares of 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 buying an additional 1,000 shares during the period. Sunbelt Securities Inc. purchased a new stake in Core Scientific during the second quarter worth $33,000. Vontobel Holding Ltd. grew 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 purchasing an additional 3,591 shares during the last quarter. Harvest Portfolios Group Inc. raised its position in Core Scientific by 10.1% during 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 last quarter. Finally, Pekin Hardy Strauss Inc. grew its holdings in Core Scientific by 25.4% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 30,725 shares of the company's stock valued at $364,000 after buying an additional 6,225 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CORZ. Craig Hallum began coverage on Core Scientific in a research note on Tuesday. They set a "buy" rating and a $24.00 price target on the stock. Canaccord Genuity Group reissued a "buy" rating and issued a $17.00 target price on shares of Core Scientific in a research report on Thursday, November 7th. BTIG Research upped their target price on Core Scientific from $19.00 to $20.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Macquarie lifted their price objective 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. Finally, Roth Mkm started coverage on shares of Core Scientific in a report on Friday, November 15th. They set a "buy" rating and a $25.50 target price for the company. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Core Scientific has an average rating of "Buy" and a consensus price target of $18.86.

About Core Scientific

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.