Core Scientific, Inc. (NASDAQ:CORZ) Shares Bought by Highland Peak Capital LLC

Highland Peak Capital LLC grew its stake in Core Scientific, Inc. (NASDAQ:CORZ - Free Report) by 37.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 413,584 shares of the company's stock after buying an additional 113,584 shares during the quarter. Core Scientific makes up 2.1% of Highland Peak Capital LLC's portfolio, making the stock its 12th biggest holding. Highland Peak Capital LLC owned 0.16% of Core Scientific worth $4,905,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in shares of Core Scientific in the third quarter worth about $106,266,000. Vanguard Group Inc. bought a new position in shares of Core Scientific in the first quarter worth about $21,973,000. Kensico Capital Management Corp bought a new position in shares of Core Scientific in the first quarter worth about $18,513,000. Van ECK Associates Corp bought a new position in shares of Core Scientific in the second quarter worth about $12,239,000. Finally, Vident Advisory LLC bought a new position in shares of Core Scientific in the first quarter worth about $4,047,000.

Analyst Ratings Changes

CORZ has been the subject of a number of research reports. Needham & Company LLC increased their price target on Core Scientific from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. BTIG Research increased their price target on Core Scientific from $15.00 to $19.00 and gave the company a "buy" rating in a research note on Friday, November 15th. HC Wainwright increased their price target on Core Scientific from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Macquarie increased their price target on 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 Capital raised Core Scientific to a "strong-buy" rating in a research note on Thursday, November 14th. Thirteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Core Scientific has a consensus rating of "Buy" and an average price target of $18.38.

Insider Buying and Selling at Core Scientific

In other news, insider Todd M. Duchene sold 25,000 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was 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 of the company's stock, valued at $28,411,205.40. This trade represents a 1.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jarrod M. Patten acquired 4,000 shares of the stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average cost of $9.70 per share, with a total value of $38,800.00. Following the transaction, the director now directly owns 279,239 shares in the company, valued at approximately $2,708,618.30. This represents a 1.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 12,761 shares of company stock valued at $127,080. 32.00% of the stock is currently owned by corporate insiders.

Core Scientific Trading Up 1.7 %

Shares of NASDAQ CORZ traded up $0.29 during midday trading on Thursday, hitting $17.55. The company's stock had a trading volume of 10,492,505 shares, compared to its average volume of 8,905,098. The business's 50 day moving average is $13.38 and its two-hundred day moving average is $10.17. Core Scientific, Inc. has a 12-month low of $2.61 and a 12-month high of $18.35. The firm has a market cap of $4.90 billion and a P/E ratio of -3.19.

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.