Core Scientific, Inc. (NASDAQ:CORZ - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $16.96, but opened at $18.03. Core Scientific shares last traded at $17.57, with a volume of 4,622,095 shares.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Macquarie assumed coverage on Core Scientific in a research report on Wednesday, September 25th. They set an "outperform" rating and a $16.00 target price on the stock. Compass Point lifted their price target on Core Scientific from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Jefferies Financial Group started coverage on Core Scientific in a report on Monday, October 28th. They set a "buy" rating and a $19.00 price target on the stock. B. Riley upped their target price on Core Scientific from $16.00 to $17.00 and gave the company a "buy" rating in a report on Thursday. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $17.00 price target on shares of Core Scientific in a research note on Tuesday, September 10th. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $17.21.
Check Out Our Latest Analysis on CORZ
Core Scientific Stock Up 3.0 %
The business has a 50-day moving average price of $12.34 and a 200-day moving average price of $9.48. The firm has a market capitalization of $4.88 billion and a price-to-earnings ratio of -3.23.
Insider Activity
In other Core Scientific news, insider Todd M. Duchene sold 11,582 shares of the business's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $9.41, for a total transaction of $108,986.62. Following the sale, the insider now directly owns 1,686,474 shares in the company, valued at approximately $15,869,720.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Denise Marie Brucia Sterling sold 8,752 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $9.41, for a total transaction of $82,356.32. Following the completion of the sale, the chief financial officer now owns 122,217 shares in the company, valued at $1,150,061.97. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Todd M. Duchene sold 11,582 shares of the company's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $9.41, for a total transaction of $108,986.62. Following the sale, the insider now directly owns 1,686,474 shares in the company, valued at $15,869,720.34. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 12,761 shares of company stock valued at $127,080. 32.00% of the stock is currently owned by company insiders.
Institutional Trading of Core Scientific
Several institutional investors and hedge funds have recently added to or reduced their stakes in CORZ. Banque Cantonale Vaudoise acquired a new position in Core Scientific in the second quarter valued at approximately $28,000. Sunbelt Securities Inc. purchased a new position in shares of Core Scientific in the 2nd quarter worth about $33,000. Rise Advisors LLC purchased a new stake in Core Scientific during the 2nd quarter valued at about $65,000. Aspect Partners LLC bought a new position in shares of Core Scientific during the first quarter valued at approximately $29,000. Finally, Divisadero Street Capital Management LP purchased a new position in Core Scientific during the second quarter valued at $93,000.
Core Scientific Company Profile
(
Get 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.
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