61,733 Shares in Core Scientific, Inc. $CORZ Bought by Havemeyer Place LP

by · The Markets Daily

Havemeyer Place LP bought a new position in Core Scientific, Inc. (NASDAQ:CORZ – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 61,733 shares of the company’s stock, valued at approximately $899,000.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Core Scientific by 18.7% in the 4th quarter. Vanguard Group Inc. now owns 33,960,320 shares of the company’s stock worth $494,462,000 after acquiring an additional 5,359,710 shares during the period. Situational Awareness LP raised its holdings in Core Scientific by 42.5% in the 4th quarter. Situational Awareness LP now owns 28,756,478 shares of the company’s stock worth $418,694,000 after acquiring an additional 8,575,944 shares during the period. Jericho Capital Asset Management L.P. bought a new position in Core Scientific in the 3rd quarter worth $209,895,000. Geode Capital Management LLC raised its holdings in Core Scientific by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 7,651,002 shares of the company’s stock worth $111,417,000 after acquiring an additional 109,145 shares during the period. Finally, State Street Corp raised its holdings in Core Scientific by 23.2% in the 2nd quarter. State Street Corp now owns 6,517,898 shares of the company’s stock worth $111,261,000 after acquiring an additional 1,225,351 shares during the period.

Analyst Ratings Changes

Several brokerages recently commented on CORZ. Canaccord Genuity Group set a $30.00 target price on shares of Core Scientific in a report on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Core Scientific in a report on Monday, April 20th. Needham & Company LLC boosted their price objective on shares of Core Scientific from $23.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. HC Wainwright restated a “buy” rating and set a $25.00 price objective on shares of Core Scientific in a report on Tuesday, March 3rd. Finally, LADENBURG THALM/SH SH dropped their price objective on shares of Core Scientific from $24.50 to $23.75 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.83.

Check Out Our Latest Report on Core Scientific

Insider Buying and Selling

In other Core Scientific news, insider Todd M. Duchene sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $26.25, for a total value of $262,500.00. Following the transaction, the insider directly owned 2,088,895 shares in the company, valued at $54,833,493.75. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 60,000 shares of company stock valued at $1,195,900 in the last quarter. 1.70% of the stock is owned by insiders.

Core Scientific Price Performance

NASDAQ:CORZ opened at $25.85 on Monday. The firm has a market cap of $8.22 billion, a PE ratio of -22.68 and a beta of 5.49. Core Scientific, Inc. has a 12 month low of $10.93 and a 12 month high of $30.46. The company’s 50-day moving average price is $21.58 and its two-hundred day moving average price is $18.43.

Core Scientific (NASDAQ:CORZ – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($1.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($1.04). The business had revenue of $115.24 million for the quarter, compared to analysts’ expectations of $117.04 million. The firm’s quarterly revenue was up 44.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.25 EPS. On average, research analysts expect that Core Scientific, Inc. will post 0.08 EPS for the current fiscal year.

Core Scientific Company Profile

(Free Report)

Core Scientific, Inc (NASDAQ: CORZ) is a leading provider of large-scale blockchain infrastructure and digital asset mining services. The company develops, owns and operates high-performance data centers optimized for the mining of Bitcoin and other proof-of-work cryptocurrencies. In addition to its core mining operations, Core Scientific offers colocation, hosting and managed services designed to support institutional clients and enterprise users in deploying and scaling blockchain nodes and computing hardware.

Core Scientific’s service portfolio includes hardware procurement, deployment and maintenance, real-time monitoring, power management and network connectivity.

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