Sender Co & Partners Inc. Acquires New Position in Core Scientific, Inc. (NASDAQ:CORZ)

Sender Co & Partners Inc. purchased a new stake in Core Scientific, Inc. (NASDAQ:CORZ - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 204,528 shares of the company's stock, valued at approximately $2,426,000. Core Scientific accounts for approximately 3.0% of Sender Co & Partners Inc.'s investment portfolio, making the stock its 7th biggest position. Sender Co & Partners Inc. owned 0.07% of Core Scientific as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CORZ. Y Intercept Hong Kong Ltd acquired a new stake in Core Scientific during the third quarter valued at $1,459,000. Anson Funds Management LP bought a new position in shares of Core Scientific in the third quarter worth about $3,641,000. Main Management ETF Advisors LLC bought a new stake in shares of Core Scientific in the third quarter valued at approximately $1,068,000. Whitefort Capital Management LP lifted its stake in shares of Core Scientific by 337.1% in the third quarter. Whitefort Capital Management LP now owns 1,147,500 shares of the company's stock valued at $13,609,000 after buying an additional 885,000 shares during the period. Finally, State Street Corp increased its position in shares of Core Scientific by 17.0% during the third quarter. State Street Corp now owns 4,006,922 shares of the company's stock valued at $47,522,000 after purchasing an additional 583,493 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CORZ shares. BTIG Research raised their target price on Core Scientific from $15.00 to $19.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Canaccord Genuity Group started coverage on Core Scientific in a research note on Monday, September 23rd. They issued a "buy" rating and a $16.00 price target for the company. Compass Point upped 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. Jefferies Financial Group began coverage on shares of Core Scientific in a report on Monday, October 28th. They issued a "buy" rating and a $19.00 price objective on the stock. Finally, Needham & Company LLC raised their price target on Core Scientific from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Thirteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Core Scientific currently has an average rating of "Buy" and a consensus target price of $18.38.

Core Scientific Stock Down 1.3 %

Shares of Core Scientific stock traded down $0.21 during trading on Tuesday, reaching $15.83. 4,391,731 shares of the stock were exchanged, compared to its average volume of 9,063,424. Core Scientific, Inc. has a 1 year low of $2.61 and a 1 year high of $18.63. The firm has a market cap of $4.42 billion and a price-to-earnings ratio of -2.96. The stock's fifty day moving average is $14.79 and its 200 day moving average is $11.45.

Insiders Place Their Bets

In other Core Scientific news, Director Yadin Rozov sold 105,000 shares of Core Scientific 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 sale, the director now directly owns 345,239 shares of the company's stock, valued at approximately $6,252,278.29. The trade was a 23.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Todd M. Duchene sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 directly owns 1,661,474 shares of the company's stock, valued at $28,411,205.40. This represents a 1.48 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 32.00% of the company's stock.

Core Scientific 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.