ORG Wealth Partners LLC Has $126.26 Million Position in Core Scientific, Inc. (NASDAQ:CORZ)

ORG Wealth Partners LLC lifted its holdings in shares of Core Scientific, Inc. (NASDAQ:CORZ) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,986,651 shares of the company’s stock after purchasing an additional 26,649 shares during the period. Core Scientific accounts for about 44.4% of ORG Wealth Partners LLC’s portfolio, making the stock its biggest position. ORG Wealth Partners LLC’s holdings in Core Scientific were worth $126,262,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new position in Core Scientific during the 2nd quarter worth $33,000. Rise Advisors LLC boosted its holdings in Core Scientific by 14.3% during the third quarter. Rise Advisors LLC now owns 8,000 shares of the company’s stock worth $95,000 after purchasing an additional 1,000 shares during the last quarter. Divisadero Street Capital Management LP bought a new stake in Core Scientific in the 2nd quarter worth about $93,000. Arkadios Wealth Advisors purchased a new stake in Core Scientific in the 3rd quarter valued at about $119,000. Finally, Doliver Advisors LP bought a new position in shares of Core Scientific during the 3rd quarter worth approximately $124,000.

Insider Transactions at Core Scientific

In other Core Scientific news, insider Todd M. Duchene sold 25,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $17.10, for a total transaction of $427,500.00. Following the transaction, the insider now owns 1,661,474 shares in the company, valued at approximately $28,411,205.40. This represents a 1.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Taylor Sullivan sold 88,380 shares of Core Scientific stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $14.24, for a total transaction of $1,258,531.20. Following the completion of the sale, the chief executive officer now owns 4,128,505 shares of the company’s stock, valued at $58,789,911.20. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 348,241 shares of company stock valued at $5,436,802. Corporate insiders own 32.00% of the company’s stock.

Core Scientific Price Performance

CORZ traded down $0.49 during midday trading on Friday, reaching $13.56. 3,568,995 shares of the company’s stock traded hands, compared to its average volume of 8,715,480. The stock has a market capitalization of $3.79 billion and a price-to-earnings ratio of -2.51. Core Scientific, Inc. has a 52 week low of $2.61 and a 52 week high of $18.63. The firm has a fifty day moving average of $15.64 and a two-hundred day moving average of $12.57.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group restated a “buy” rating and set a $17.00 price target on shares of Core Scientific in a research report on Thursday, November 7th. Cantor Fitzgerald reiterated an “overweight” rating and set a $20.00 price target on shares of Core Scientific in a research note on Thursday, October 3rd. Compass Point upped 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. HC Wainwright boosted their price target on shares of Core Scientific from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC raised their price objective on shares of Core Scientific from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Thirteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $18.46.

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.