Core Scientific, Inc. (NASDAQ:CORZ) Shares Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC lifted its holdings in shares of Core Scientific, Inc. (NASDAQ:CORZ - Free Report) by 129.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 103,583 shares of the company's stock after purchasing an additional 58,365 shares during the quarter. MetLife Investment Management LLC's holdings in Core Scientific were worth $1,228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Rise Advisors LLC raised its position in Core Scientific by 14.3% in the third 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 period. Banque Cantonale Vaudoise purchased a new stake in shares of Core Scientific during the second quarter worth approximately $28,000. Sunbelt Securities Inc. acquired a new stake in shares of Core Scientific in the 2nd quarter valued at $33,000. Vontobel Holding Ltd. lifted its position in shares of Core Scientific by 10.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 38,089 shares of the company's stock worth $452,000 after purchasing an additional 3,591 shares during the last quarter. Finally, Harvest Portfolios Group Inc. grew its stake 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 worth $663,000 after purchasing an additional 5,109 shares in the last quarter.

Core Scientific Stock Up 0.3 %

Core Scientific stock traded up $0.05 during mid-day trading on Friday, reaching $16.99. 8,409,119 shares of the company were exchanged, compared to its average volume of 12,078,224. Core Scientific, Inc. has a twelve month low of $2.61 and a twelve month high of $18.63. The firm's 50-day simple moving average is $14.70 and its two-hundred day simple moving average is $11.27.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $20.00 price target on shares of Core Scientific in a report on Thursday, October 3rd. Roth Mkm assumed coverage on Core Scientific in a research note on Friday, November 15th. They set a "buy" rating and a $25.50 target price for the company. Jefferies Financial Group initiated 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. Compass Point raised their price objective on shares of Core Scientific from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, Roth Capital upgraded shares of Core Scientific to a "strong-buy" rating in a report on Thursday, November 14th. Thirteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Core Scientific has an average rating of "Buy" and an average price target of $18.38.

Insider Buying and Selling

In related news, insider Todd M. Duchene sold 25,000 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now owns 1,661,474 shares in the company, valued at approximately $28,411,205.40. This trade represents a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Yadin Rozov sold 105,000 shares of Core Scientific stock in a transaction that occurred 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 transaction, the director now directly owns 345,239 shares in the company, valued at approximately $6,252,278.29. This trade represents a 23.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.00% of the stock is currently owned by company insiders.

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.