Josh Arnold Investment Consultant LLC Has $1.19 Million Stock Holdings in Core Scientific, Inc. (NASDAQ:CORZ)

Josh Arnold Investment Consultant LLC raised its position in Core Scientific, Inc. (NASDAQ:CORZ - Free Report) by 233.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,000 shares of the company's stock after acquiring an additional 70,000 shares during the period. Core Scientific comprises approximately 1.0% of Josh Arnold Investment Consultant LLC's holdings, making the stock its 7th largest holding. Josh Arnold Investment Consultant LLC's holdings in Core Scientific were worth $1,186,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new position in shares of Core Scientific in the 2nd quarter worth approximately $28,000. Sunbelt Securities Inc. acquired a new position in Core Scientific in the second quarter worth $33,000. Rise Advisors LLC bought a new stake in shares of Core Scientific during the second quarter worth $65,000. Divisadero Street Capital Management LP acquired a new stake in shares of Core Scientific in the second quarter valued at $93,000. Finally, Arkadios Wealth Advisors bought a new position in shares of Core Scientific in the third quarter valued at about $119,000.

Insiders Place Their Bets

In other Core Scientific news, insider Todd M. Duchene sold 25,000 shares of the business's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $17.10, for a total transaction of $427,500.00. Following the sale, the insider now directly owns 1,661,474 shares of the company's stock, valued at $28,411,205.40. The trade was a 1.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Yadin Rozov sold 105,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $18.11, for a total transaction of $1,901,550.00. Following the transaction, the director now owns 345,239 shares of the company's stock, valued at approximately $6,252,278.29. This represents a 23.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 32.00% of the company's stock.

Analyst Ratings Changes

A number of analysts 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 report on Friday, November 15th. Compass Point raised their price target on Core Scientific from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Sanford C. Bernstein reiterated an "outperform" rating and issued a $17.00 price objective on shares of Core Scientific in a report on Tuesday, September 10th. Cantor Fitzgerald restated an "overweight" rating and set a $20.00 target price on shares of Core Scientific in a report on Thursday, October 3rd. Finally, Jefferies Financial Group initiated coverage on Core Scientific in a research note on Monday, October 28th. They issued a "buy" rating and a $19.00 price target for the company. Thirteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $18.38.

Core Scientific Stock Up 1.0 %

Shares of NASDAQ:CORZ traded up $0.17 during midday trading on Friday, reaching $17.88. 4,656,935 shares of the company were exchanged, compared to its average volume of 10,479,526. The firm has a market cap of $4.99 billion and a PE ratio of -3.30. Core Scientific, Inc. has a fifty-two week low of $2.61 and a fifty-two week high of $18.63. The stock has a fifty day simple moving average of $14.27 and a two-hundred day simple moving average of $10.86.

About Core Scientific

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.