Parsifal Capital Management LP Has $64.20 Million Position in Core Scientific, Inc. (NASDAQ:CORZ)

Parsifal Capital Management LP boosted its position in Core Scientific, Inc. (NASDAQ:CORZ - Free Report) by 3.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,412,825 shares of the company's stock after buying an additional 204,314 shares during the quarter. Core Scientific makes up about 4.4% of Parsifal Capital Management LP's holdings, making the stock its 11th biggest position. Parsifal Capital Management LP owned about 1.94% of Core Scientific worth $64,196,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. bought a new stake in Core Scientific in the 1st quarter valued at $21,973,000. SG Americas Securities LLC bought a new stake in Core Scientific in the 2nd quarter valued at $1,792,000. ORG Partners LLC bought a new stake in Core Scientific in the 2nd quarter valued at $872,000. Red Door Wealth Management LLC bought a new stake in Core Scientific in the 2nd quarter valued at $218,000. Finally, Silverleafe Capital Partners LLC bought a new stake in Core Scientific in the 2nd quarter valued at $158,000.

Insider Transactions at Core Scientific

In other Core Scientific news, Director Yadin Rozov sold 105,000 shares of the company's stock in a transaction 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 transaction, the director now directly owns 345,239 shares in the company, valued at $6,252,278.29. The trade was a 23.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Todd M. Duchene sold 25,000 shares of the company's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $17.10, for a total transaction of $427,500.00. Following the completion of the transaction, the insider now owns 1,661,474 shares in the company, valued at approximately $28,411,205.40. This represents a 1.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Ratings Changes

A number of brokerages have weighed in on CORZ. B. Riley increased their price target on shares of Core Scientific from $16.00 to $17.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $17.00 price objective on shares of Core Scientific in a report on Thursday, November 7th. Jefferies Financial Group began coverage on shares of Core Scientific in a report on Monday, October 28th. They set a "buy" rating and a $19.00 price objective for the company. Needham & Company LLC raised their price objective on shares of Core Scientific from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Finally, Roth Mkm began coverage on shares of Core Scientific in a report on Friday, November 15th. They set a "buy" rating and a $25.50 price objective for the company. Thirteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $18.38.

Core Scientific Stock Up 6.4 %

Shares of CORZ stock traded up $1.05 during trading on Wednesday, reaching $17.47. The company's stock had a trading volume of 13,165,492 shares, compared to its average volume of 9,062,130. The business has a fifty day moving average price of $14.41 and a 200-day moving average price of $11.09. The company has a market cap of $4.88 billion and a price-to-earnings ratio of -3.04. Core Scientific, Inc. has a one year low of $2.61 and a one year high of $18.63.

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.