Insider Selling: Core Scientific, Inc. (NASDAQ:CORZ) CFO Sells 802 Shares of Stock

Core Scientific, Inc. (NASDAQ:CORZGet Free Report) CFO Denise Marie Brucia Sterling sold 802 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $15.64, for a total value of $12,543.28. Following the completion of the sale, the chief financial officer now owns 440,028 shares in the company, valued at $6,882,037.92. The trade was a 0.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Core Scientific Stock Performance

Shares of CORZ stock opened at $15.98 on Friday. The stock has a market capitalization of $4.46 billion and a P/E ratio of -2.95. Core Scientific, Inc. has a fifty-two week low of $2.61 and a fifty-two week high of $18.63. The company has a 50 day moving average price of $15.56 and a 200 day moving average price of $12.96.

Core Scientific (NASDAQ:CORZGet Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The business had revenue of $95.35 million during the quarter, compared to the consensus estimate of $94.80 million. On average, research analysts forecast that Core Scientific, Inc. will post 0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Core Scientific

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new stake in Core Scientific during the 2nd quarter worth $33,000. Rise Advisors LLC grew its stake 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 valued at $95,000 after purchasing an additional 1,000 shares during the last quarter. Xponance Inc. acquired a new position in shares of Core Scientific in the second quarter valued at approximately $104,000. KBC Group NV purchased a new stake in shares of Core Scientific during the fourth quarter worth approximately $114,000. Finally, Amalgamated Bank purchased a new stake in shares of Core Scientific during the second quarter worth approximately $115,000.

Wall Street Analyst Weigh In

CORZ has been the subject of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of Core Scientific in a report on Friday, January 17th. Roth Mkm assumed coverage on Core Scientific in a research note on Friday, November 15th. They issued a “buy” rating and a $25.50 price target on the stock. Roth Capital raised shares of Core Scientific to a “strong-buy” rating in a research note on Thursday, November 14th. HC Wainwright upped their target price on Core Scientific from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, BTIG Research raised their price target on shares of Core Scientific from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $18.86.

Get Our Latest Stock Report on CORZ

About Core Scientific

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Core Scientific (NASDAQ:CORZ)

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