FNY Investment Advisers LLC raised its position in Core Scientific, Inc. (NASDAQ:CORZ - Free Report) by 35.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 190,747 shares of the company's stock after acquiring an additional 50,275 shares during the period. Core Scientific makes up approximately 1.4% of FNY Investment Advisers LLC's holdings, making the stock its 17th biggest holding. FNY Investment Advisers LLC owned 0.07% of Core Scientific worth $2,679,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Rise Advisors LLC raised its position in shares of 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 purchasing an additional 1,000 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in shares of Core Scientific in the second quarter worth $33,000. Vontobel Holding Ltd. lifted its stake in shares of Core Scientific by 10.4% during the third quarter. Vontobel Holding Ltd. now owns 38,089 shares of the company's stock worth $452,000 after buying an additional 3,591 shares during the period. Harvest Portfolios Group Inc. grew its holdings in shares of 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 buying an additional 5,109 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. increased its position in shares of Core Scientific by 25.4% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 30,725 shares of the company's stock valued at $364,000 after acquiring an additional 6,225 shares during the period.
Insider Buying and Selling
In related news, insider Todd M. Duchene sold 129,861 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $14.24, for a total transaction of $1,849,220.64. Following the completion of the sale, the insider now owns 2,051,649 shares of the company's stock, valued at approximately $29,215,481.76. This represents a 5.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Taylor Sullivan sold 88,380 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $14.24, for a total transaction of $1,258,531.20. Following the completion of the transaction, the chief executive officer now directly owns 4,128,505 shares in the company, valued at $58,789,911.20. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 348,241 shares of company stock valued at $5,436,802. 32.00% of the stock is owned by corporate insiders.
Core Scientific Stock Up 2.3 %
Shares of Core Scientific stock traded up $0.31 on Tuesday, reaching $13.91. The company's stock had a trading volume of 7,835,846 shares, compared to its average volume of 8,898,354. Core Scientific, Inc. has a 52-week low of $2.61 and a 52-week high of $18.63. The company has a market capitalization of $3.88 billion and a P/E ratio of -2.57. The stock has a 50-day moving average price of $15.68 and a 200-day moving average price of $12.68.
Wall Street Analyst Weigh In
CORZ has been the topic of several research analyst reports. Jefferies Financial Group initiated coverage on Core Scientific in a research note on Monday, October 28th. They set a "buy" rating and a $19.00 price target on the stock. HC Wainwright increased their price target on shares of Core Scientific from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Roth Mkm assumed coverage on shares of Core Scientific in a research report on Friday, November 15th. They set a "buy" rating and a $25.50 price target for the company. B. Riley increased their price objective on shares of Core Scientific from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $17.00 target price on shares of Core Scientific in a report on Thursday, November 7th. Thirteen investment 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, Core Scientific currently has a consensus rating of "Buy" and an average target price of $18.46.
Read Our Latest Report on CORZ
Core Scientific Company 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.
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