Red Door Wealth Management LLC Has $1.34 Million Holdings in Core Scientific, Inc. (NASDAQ:CORZ)

Red Door Wealth Management LLC increased its stake in shares of Core Scientific, Inc. (NASDAQ:CORZ - Free Report) by 124.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,378 shares of the company's stock after buying an additional 52,851 shares during the quarter. Red Door Wealth Management LLC's holdings in Core Scientific were worth $1,340,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Rise Advisors LLC grew its holdings in shares of Core Scientific by 14.3% in the 3rd quarter. Rise Advisors LLC now owns 8,000 shares of the company's stock worth $95,000 after purchasing an additional 1,000 shares during the last quarter. Sunbelt Securities Inc. bought a new position in Core Scientific during the 2nd quarter valued at about $33,000. Vontobel Holding Ltd. boosted its position in Core Scientific by 10.4% in the third quarter. Vontobel Holding Ltd. now owns 38,089 shares of the company's stock valued at $452,000 after buying an additional 3,591 shares in the last quarter. Harvest Portfolios Group Inc. grew its stake in 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 buying an additional 5,109 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. increased its holdings in shares of Core Scientific by 25.4% during the third quarter. Pekin Hardy Strauss Inc. now owns 30,725 shares of the company's stock worth $364,000 after buying an additional 6,225 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CORZ. Roth Capital raised Core Scientific to a "strong-buy" rating in a report on Thursday, November 14th. B. Riley boosted their price objective on Core Scientific from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. 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 target price for the company. Canaccord Genuity Group reiterated a "buy" rating and set a $17.00 price target on shares of Core Scientific in a research report on Thursday, November 7th. Finally, Compass Point increased 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. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $18.86.

Insider Buying and Selling

In related news, Director Yadin Rozov sold 105,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 completion of the transaction, the insider now owns 1,661,474 shares of the company's stock, 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. Over the last three months, insiders sold 349,043 shares of company stock worth $5,449,345. 32.00% of the stock is owned by corporate insiders.

Core Scientific Price Performance

Shares of Core Scientific stock traded down $0.36 during trading hours on Friday, hitting $15.98. The company's stock had a trading volume of 7,341,216 shares, compared to its average volume of 8,522,504. The company has a market capitalization of $4.46 billion and a PE ratio of -2.95. The stock has a 50 day moving average of $15.54 and a 200 day moving average of $12.90. Core Scientific, Inc. has a 12 month low of $2.61 and a 12 month high of $18.63.

Core Scientific (NASDAQ:CORZ - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.02). The company had revenue of $95.35 million for the quarter, compared to analysts' expectations of $94.80 million. Equities analysts expect that Core Scientific, Inc. will post 0.5 EPS for the current year.

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.