Core Scientific, Inc. (NASDAQ:CORZ) CFO Denise Marie Brucia Sterling Sells 802 Shares

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

Core Scientific Price Performance

CORZ stock opened at $15.98 on Monday. The company has a 50 day simple moving average of $15.56 and a 200 day simple moving average of $13.01. The stock has a market cap of $4.46 billion and a price-to-earnings ratio of -2.95. Core Scientific, Inc. has a 1 year low of $2.61 and a 1 year high of $18.63.

Core Scientific (NASDAQ:CORZ) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). The company had revenue of $95.35 million for the quarter, compared to analyst estimates of $94.80 million. On average, equities research analysts anticipate that Core Scientific, Inc. will post 0.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Core Scientific

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC increased its position in Core Scientific by 25.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 98,077 shares of the company’s stock valued at $1,378,000 after acquiring an additional 20,000 shares during the period. Highland Peak Capital LLC boosted its stake in shares of Core Scientific by 37.9% in the 3rd quarter. Highland Peak Capital LLC now owns 413,584 shares of the company’s stock valued at $4,905,000 after purchasing an additional 113,584 shares during the last quarter. Mirabella Financial Services LLP bought a new stake in shares of Core Scientific in the 3rd quarter valued at $18,383,000. Van ECK Associates Corp boosted its stake in shares of Core Scientific by 22.9% in the 3rd quarter. Van ECK Associates Corp now owns 1,616,944 shares of the company’s stock valued at $19,177,000 after purchasing an additional 300,942 shares during the last quarter. Finally, Capstone Investment Advisors LLC boosted its stake in shares of Core Scientific by 113.4% in the 3rd quarter. Capstone Investment Advisors LLC now owns 55,000 shares of the company’s stock valued at $652,000 after purchasing an additional 29,230 shares during the last quarter.

Analyst Ratings Changes

CORZ has been the subject of a number of recent research reports. Roth Mkm initiated coverage on shares of Core Scientific in a report on Friday, November 15th. They issued a “buy” rating and a $25.50 price objective for the company. Canaccord Genuity Group reissued a “buy” rating and issued a $17.00 price objective on shares of Core Scientific in a report on Thursday, November 7th. Roth Capital raised shares of Core Scientific to a “strong-buy” rating in a report on Thursday, November 14th. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Core Scientific in a report on Friday, January 17th. Finally, B. Riley boosted their price objective on shares of Core Scientific from $16.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Fourteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Core Scientific currently has an average rating of “Buy” and a consensus price target of $18.86.

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.