Soros Capital Management LLC Has $10.23 Million Stock Holdings in Core Scientific, Inc. (NASDAQ:CORZ)

Soros Capital Management LLC decreased its stake in shares of Core Scientific, Inc. (NASDAQ:CORZ - Free Report) by 42.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 862,149 shares of the company's stock after selling 648,451 shares during the quarter. Core Scientific comprises 2.5% of Soros Capital Management LLC's holdings, making the stock its 18th biggest position. Soros Capital Management LLC owned approximately 0.31% of Core Scientific worth $10,225,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. purchased a new position in shares of Core Scientific during the 1st quarter valued at approximately $21,973,000. Aspect Partners LLC purchased a new stake in Core Scientific in the 1st quarter valued at $29,000. Rise Advisors LLC purchased a new position in shares of Core Scientific during the 2nd quarter worth $65,000. SG Americas Securities LLC acquired a new position in shares of Core Scientific during the 2nd quarter valued at about $1,792,000. Finally, ORG Partners LLC acquired a new stake in Core Scientific during the second quarter worth about $872,000.

Analysts Set New Price Targets

CORZ has been the subject of several analyst reports. B. Riley boosted their target price 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 assumed coverage on Core Scientific in a research report on Monday, October 28th. They issued a "buy" rating and a $19.00 price target on the stock. Canaccord Genuity Group assumed coverage on Core Scientific in a research report on Monday, September 23rd. They set a "buy" rating and a $16.00 target price on the stock. Roth Mkm assumed coverage on Core Scientific in a research report on Friday, November 15th. They set a "buy" rating and a $25.50 target price on the stock. Finally, BTIG Research boosted 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. Thirteen equities 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, Core Scientific presently has an average rating of "Buy" and an average target price of $18.38.

Core Scientific Stock Performance

Shares of NASDAQ:CORZ traded up $0.56 during trading on Wednesday, reaching $17.68. 3,936,109 shares of the stock were exchanged, compared to its average volume of 8,911,121. The firm's 50-day moving average price is $13.92 and its 200 day moving average price is $10.62. The firm has a market cap of $4.94 billion and a price-to-earnings ratio of -3.22. Core Scientific, Inc. has a 12-month low of $2.61 and a 12-month high of $18.63.

Insider Buying and Selling at Core Scientific

In other Core Scientific news, Director Yadin Rozov sold 105,000 shares of the business's stock in a transaction 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 sale, the director now directly owns 345,239 shares of the company's stock, valued at $6,252,278.29. The trade was a 23.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Todd M. Duchene sold 25,000 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $17.10, for a total transaction of $427,500.00. Following the completion of the sale, the insider now owns 1,661,474 shares of the company's stock, valued at $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 have purchased 8,761 shares of company stock worth $88,280. 32.00% of the stock is owned by insiders.

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.