Qsemble Capital Management LP Invests $331,000 in Core Scientific, Inc. (NASDAQ:CORZ)

Qsemble Capital Management LP bought a new position in shares of Core Scientific, Inc. (NASDAQ:CORZ) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 27,951 shares of the company’s stock, valued at approximately $331,000.

Several other hedge funds have also modified their holdings of CORZ. Mirabella Financial Services LLP purchased a new position in Core Scientific in the 3rd quarter valued at about $18,383,000. Dynamic Technology Lab Private Ltd lifted its stake in Core Scientific by 48.8% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 34,786 shares of the company’s stock valued at $413,000 after buying an additional 11,412 shares in the last quarter. Pekin Hardy Strauss Inc. lifted its stake in Core Scientific by 25.4% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 30,725 shares of the company’s stock valued at $364,000 after buying an additional 6,225 shares in the last quarter. Seldon Capital LP purchased a new position in Core Scientific in the 3rd quarter valued at about $3,530,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Core Scientific by 44.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,932,462 shares of the company’s stock valued at $22,919,000 after buying an additional 590,946 shares in the last quarter.

Insider Transactions at Core Scientific

In related news, Director Yadin Rozov sold 105,000 shares of Core Scientific stock in a transaction that occurred 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 completion of the sale, the director now owns 345,239 shares in the company, valued at approximately $6,252,278.29. This trade represents a 23.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jarrod M. Patten bought 5,021 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average price of $9.68 per share, with a total value of $48,603.28. Following the acquisition, the director now directly owns 285,760 shares in the company, valued at $2,766,156.80. The trade was a 1.79 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 8,761 shares of company stock worth $88,280 in the last 90 days. Insiders own 32.00% of the company’s stock.

Core Scientific Price Performance

Shares of NASDAQ CORZ opened at $17.71 on Thursday. The company has a 50 day simple moving average of $14.03 and a 200-day simple moving average of $10.67. The company has a market capitalization of $4.95 billion and a P/E ratio of -3.27. Core Scientific, Inc. has a 1 year low of $2.61 and a 1 year high of $18.63.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CORZ. BTIG Research raised their price target on shares of Core Scientific from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Needham & Company LLC raised their price target on shares of Core Scientific from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $20.00 price target on shares of Core Scientific in a research note on Thursday, October 3rd. Canaccord Genuity Group reiterated a “buy” rating and issued a $17.00 price objective on shares of Core Scientific in a 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 company a “buy” rating in a report on Wednesday, October 23rd. Thirteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $18.38.

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.