HighVista Strategies LLC Acquires Shares of 132,800 Core Scientific, Inc. (NASDAQ:CORZ)

HighVista Strategies LLC bought a new stake in Core Scientific, Inc. (NASDAQ:CORZ - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 132,800 shares of the company's stock, valued at approximately $1,575,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. ORG Wealth Partners LLC purchased a new stake in shares of Core Scientific during the 3rd quarter valued at about $106,266,000. Vanguard Group Inc. acquired a new position in shares of Core Scientific in the first quarter worth about $21,973,000. Taconic Capital Advisors LP lifted its position in shares of Core Scientific by 178.7% in the third quarter. Taconic Capital Advisors LP now owns 2,717,462 shares of the company's stock worth $32,229,000 after purchasing an additional 1,742,462 shares in the last quarter. Mirabella Financial Services LLP acquired a new stake in shares of Core Scientific during the 3rd quarter valued at about $18,383,000. Finally, Van ECK Associates Corp acquired a new position in shares of Core Scientific during the 2nd quarter valued at about $12,239,000.

Wall Street Analyst Weigh In

A number of research firms have commented on CORZ. Sanford C. Bernstein restated an "outperform" rating and issued a $17.00 price target on shares of Core Scientific in a research report on Tuesday, September 10th. Canaccord Genuity Group assumed coverage on shares of Core Scientific in a research report on Monday, September 23rd. They set a "buy" rating and a $16.00 price target on the stock. Roth Capital upgraded Core Scientific to a "strong-buy" rating in a research note on Thursday, November 14th. 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. Finally, 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 research report on Thursday, November 7th. Thirteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $18.38.

Core Scientific Stock Performance

Core Scientific stock traded up $0.36 during trading on Tuesday, reaching $16.42. 20,016,187 shares of the company were exchanged, compared to its average volume of 9,065,642. Core Scientific, Inc. has a 52-week low of $2.61 and a 52-week high of $18.63. The stock's 50 day simple moving average is $14.34 and its two-hundred day simple moving average is $11.00.

Insider Activity at Core Scientific

In other Core Scientific news, Director Yadin Rozov sold 105,000 shares of the 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 sale, the director now owns 345,239 shares in the company, valued at $6,252,278.29. This represents a 23.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Todd M. Duchene sold 25,000 shares of the company's stock in a transaction that occurred 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 transaction, the insider now owns 1,661,474 shares of the company's stock, valued at approximately $28,411,205.40. This trade represents a 1.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

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.