Yadin Rozov Sells 105,000 Shares of Core Scientific, Inc. (NASDAQ:CORZ) Stock

Core Scientific, Inc. (NASDAQ:CORZ) Director Yadin Rozov sold 105,000 shares of Core Scientific stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $18.11, for a total value of $1,901,550.00. Following the transaction, the director now owns 345,239 shares in the company, valued at approximately $6,252,278.29. This represents a 23.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Core Scientific Price Performance

Shares of Core Scientific stock opened at $18.23 on Friday. The stock has a market capitalization of $5.09 billion and a price-to-earnings ratio of -3.37. The business has a 50-day moving average of $13.67 and a 200 day moving average of $10.32. Core Scientific, Inc. has a 12 month low of $2.61 and a 12 month high of $18.35.

Analysts Set New Price Targets

A number of equities analysts have commented on CORZ shares. Macquarie lifted their target price on shares of Core Scientific from $16.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $20.00 price target on shares of Core Scientific in a research report on Thursday, October 3rd. 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 objective for the company. Sanford C. Bernstein restated an “outperform” rating and issued a $17.00 target price on shares of Core Scientific in a research report on Tuesday, September 10th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $17.00 price target on shares of Core Scientific in a report on Thursday, November 7th. Thirteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $18.38.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Banque Cantonale Vaudoise purchased a new position in Core Scientific in the 2nd quarter valued at approximately $28,000. Aspect Partners LLC purchased a new position in Core Scientific in the first quarter valued at $29,000. Sunbelt Securities Inc. acquired a new position in Core Scientific during the 2nd quarter worth $33,000. Rise Advisors LLC acquired a new position in Core Scientific during the 2nd quarter worth $65,000. Finally, Divisadero Street Capital Management LP purchased a new stake in Core Scientific during the 2nd quarter worth about $93,000.

Core Scientific Company 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.