Core Scientific, Inc. (NASDAQ:CORZ) Director Todd A. Becker Sells 134,250 Shares

Core Scientific, Inc. (NASDAQ:CORZ) Director Todd A. Becker sold 134,250 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $10.75, for a total value of $1,443,187.50. Following the transaction, the director now directly owns 195,687 shares in the company, valued at approximately $2,103,635.25. This represents a 40.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Core Scientific Price Performance

CORZ opened at $7.85 on Friday. Core Scientific, Inc. has a 12 month low of $2.61 and a 12 month high of $18.63. The stock has a market cap of $2.31 billion, a P/E ratio of -1.45 and a beta of 6.83. The stock’s 50 day moving average price is $12.78 and its 200 day moving average price is $13.28.

Core Scientific (NASDAQ:CORZ) last posted its earnings results on Wednesday, February 26th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.09. The business had revenue of $94.93 million during the quarter, compared to analyst estimates of $97.07 million. Equities analysts anticipate that Core Scientific, Inc. will post 0.52 EPS for the current year.

Institutional Trading of Core Scientific

Several large investors have recently added to or reduced their stakes in the business. Xponance Inc. increased its position in Core Scientific by 7.9% in the 4th quarter. Xponance Inc. now owns 12,800 shares of the company’s stock valued at $180,000 after acquiring an additional 937 shares during the period. Summit Investment Advisors Inc. increased its position in shares of Core Scientific by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 18,658 shares of the company’s stock valued at $262,000 after purchasing an additional 1,185 shares during the period. Wellington Shields & Co. LLC acquired a new position in shares of Core Scientific during the 4th quarter valued at $26,000. First Horizon Advisors Inc. acquired a new position in shares of Core Scientific during the 4th quarter valued at $34,000. Finally, Joel Isaacson & Co. LLC increased its position in shares of Core Scientific by 4.5% during the 4th quarter. Joel Isaacson & Co. LLC now owns 58,011 shares of the company’s stock valued at $815,000 after purchasing an additional 2,500 shares during the period.

Analyst Ratings Changes

A number of research analysts have commented on the company. Roth Mkm assumed coverage on Core Scientific in a report on Friday, November 15th. They set a “buy” rating and a $25.50 target price on the stock. Macquarie increased their target price on Core Scientific from $16.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. BTIG Research increased their target price on Core Scientific from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Needham & Company LLC reduced their target price on Core Scientific from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, B. Riley increased their target price on Core Scientific from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Fifteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $19.07.

About Core Scientific

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.