Whitefort Capital Management LP increased its stake in shares of Core Scientific, Inc. (NASDAQ:CORZ - Free Report) by 337.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,147,500 shares of the company's stock after buying an additional 885,000 shares during the quarter. Core Scientific accounts for 6.2% of Whitefort Capital Management LP's investment portfolio, making the stock its 7th largest holding. Whitefort Capital Management LP owned 0.41% of Core Scientific worth $13,609,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Rise Advisors LLC grew its stake in Core Scientific by 14.3% in 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. Banque Cantonale Vaudoise bought a new stake in Core Scientific during the 2nd quarter valued at about $28,000. Sunbelt Securities Inc. purchased a new position in Core Scientific during the 2nd quarter valued at about $33,000. Vontobel Holding Ltd. grew its position in Core Scientific by 10.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 38,089 shares of the company's stock worth $452,000 after purchasing an additional 3,591 shares during the last quarter. Finally, 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 valued at $663,000 after acquiring an additional 5,109 shares in the last quarter.
Core Scientific Stock Performance
Shares of CORZ stock traded up $0.19 during trading on Friday, hitting $17.13. 6,155,194 shares of the company were exchanged, compared to its average volume of 9,075,244. The firm has a market capitalization of $4.78 billion and a price-to-earnings ratio of -3.13. Core Scientific, Inc. has a twelve month low of $2.61 and a twelve month high of $18.63. The business's 50-day simple moving average is $14.61 and its 200 day simple moving average is $11.18.
Analyst Ratings Changes
A number of research firms have recently issued reports on CORZ. Needham & Company LLC upped their price target on Core Scientific from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $17.00 price objective on shares of Core Scientific in a research note on Tuesday, September 10th. HC Wainwright increased their target price on shares of Core Scientific from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Compass Point upped their price objective on Core Scientific from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, B. Riley boosted their target price on shares of Core Scientific from $16.00 to $17.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Thirteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $18.38.
Read Our Latest Stock Analysis on CORZ
Insider Buying and Selling at Core Scientific
In other news, insider Todd M. Duchene sold 25,000 shares of Core Scientific 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 $28,411,205.40. This trade represents a 1.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Yadin Rozov sold 105,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $18.11, for a total value of $1,901,550.00. Following the completion of the transaction, the director now owns 345,239 shares of the company's stock, valued at $6,252,278.29. This represents a 23.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 32.00% of the company's stock.
Core Scientific Profile
(
Free Report)
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.
Recommended Stories
Before you consider Core Scientific, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Core Scientific wasn't on the list.
While Core Scientific currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
