Janus Henderson Group PLC Makes New $706,000 Investment in Core Scientific, Inc. (NASDAQ:CORZ)

Janus Henderson Group PLC purchased a new position in shares of Core Scientific, Inc. (NASDAQ:CORZ - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 59,500 shares of the company's stock, valued at approximately $706,000.

Other hedge funds have also bought and sold shares of the company. Banque Cantonale Vaudoise bought a new position in Core Scientific in the 2nd quarter valued at about $28,000. Sunbelt Securities Inc. bought a new position in Core Scientific in the 2nd quarter valued at about $33,000. Divisadero Street Capital Management LP bought a new position in Core Scientific in the 2nd quarter valued at about $93,000. Rise Advisors LLC increased its holdings 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 buying an additional 1,000 shares during the period. Finally, Xponance Inc. bought a new position in Core Scientific in the 2nd quarter valued at about $104,000.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CORZ shares. BTIG Research raised their price target on shares of Core Scientific from $15.00 to $19.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Jefferies Financial Group started coverage on shares of Core Scientific in a research note on Monday, October 28th. They issued a "buy" rating and a $19.00 price target on the stock. Sanford C. Bernstein restated an "outperform" rating and issued a $17.00 price target on shares of Core Scientific in a research note on Tuesday, September 10th. B. Riley raised their price target 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. Finally, Roth Capital upgraded shares of 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $18.38.

Core Scientific Stock Performance

Shares of NASDAQ CORZ traded up $0.01 during midday trading on Friday, reaching $15.55. The stock had a trading volume of 6,360,366 shares, compared to its average volume of 9,054,852. The firm has a market cap of $4.34 billion and a price-to-earnings ratio of -2.87. Core Scientific, Inc. has a twelve month low of $2.61 and a twelve month high of $18.63. The company's 50 day moving average price is $15.08 and its 200 day moving average price is $11.75.

Insider Transactions at Core Scientific

In other news, insider Todd M. Duchene sold 25,000 shares of Core Scientific stock in a transaction on 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 $28,411,205.40. The trade was a 1.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Yadin Rozov sold 105,000 shares of Core Scientific stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $18.11, for a total transaction of $1,901,550.00. Following the completion of the sale, the director now owns 345,239 shares of the company's stock, valued at $6,252,278.29. This represents a 23.32 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 32.00% of the company's stock.

Core Scientific Company 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.