Wealth Enhancement Advisory Services LLC Purchases 20,000 Shares of Core Scientific, Inc. (NASDAQ:CORZ)

Wealth Enhancement Advisory Services LLC grew its stake in shares of Core Scientific, Inc. (NASDAQ:CORZ - Free Report) by 25.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,077 shares of the company's stock after acquiring an additional 20,000 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Core Scientific were worth $1,378,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sunbelt Securities Inc. purchased a new position in Core Scientific in the 2nd quarter valued at about $33,000. Rise Advisors LLC increased its position in Core Scientific by 14.3% in the 3rd quarter. Rise Advisors LLC now owns 8,000 shares of the company's stock valued at $95,000 after acquiring an additional 1,000 shares during the period. Divisadero Street Capital Management LP bought a new stake in shares of Core Scientific during the second quarter valued at about $93,000. Arkadios Wealth Advisors acquired a new stake in shares of Core Scientific in the 3rd quarter worth approximately $119,000. Finally, Doliver Advisors LP bought a new position in Core Scientific during the 3rd quarter valued at $124,000.

Insiders Place Their Bets

In related news, insider Todd M. Duchene sold 25,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $17.10, for a total value of $427,500.00. Following the completion of the sale, the insider now owns 1,661,474 shares in the company, valued at approximately $28,411,205.40. This trade represents a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Taylor Sullivan sold 88,380 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $14.24, for a total value of $1,258,531.20. Following the completion of the transaction, the chief executive officer now directly owns 4,128,505 shares of the company's stock, valued at approximately $58,789,911.20. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 348,241 shares of company stock valued at $5,436,802 in the last three months.

Analyst Upgrades and Downgrades

CORZ has been the subject of several research reports. 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 objective for the company. Macquarie upped their price target 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 set a "buy" rating and a $25.50 price objective for the company. Roth Capital raised Core Scientific to a "strong-buy" rating in a research note on Thursday, November 14th. Finally, B. Riley upped their price objective on shares of Core Scientific from $16.00 to $17.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Thirteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $18.46.

Core Scientific Stock Up 0.7 %

CORZ stock traded up $0.10 during mid-day trading on Thursday, reaching $14.63. 4,340,395 shares of the stock traded hands, compared to its average volume of 8,454,090. The business has a 50-day moving average of $15.70 and a two-hundred day moving average of $12.72. The firm has a market capitalization of $4.09 billion and a PE ratio of -2.70. Core Scientific, Inc. has a 52 week low of $2.61 and a 52 week high of $18.63.

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.