10,031 Shares in Core Scientific, Inc. (NASDAQ:CORZ) Purchased by Duncan Williams Asset Management LLC

Duncan Williams Asset Management LLC bought a new stake in shares of Core Scientific, Inc. (NASDAQ:CORZ) during the fourth quarter, HoldingsChannel.com reports. The fund bought 10,031 shares of the company’s stock, valued at approximately $141,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC grew its position in 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 acquiring an additional 1,000 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of Core Scientific during the second quarter valued at $33,000. Vontobel Holding Ltd. grew its holdings in shares of Core Scientific by 10.4% in the third quarter. Vontobel Holding Ltd. now owns 38,089 shares of the company’s stock worth $452,000 after purchasing an additional 3,591 shares during the last quarter. Harvest Portfolios Group Inc. increased its stake in Core Scientific by 10.1% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 55,881 shares of the company’s stock worth $663,000 after buying an additional 5,109 shares during the period. Finally, Pekin Hardy Strauss Inc. lifted its holdings in Core Scientific by 25.4% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 30,725 shares of the company’s stock valued at $364,000 after buying an additional 6,225 shares in the last quarter.

Core Scientific Stock Down 2.2 %

NASDAQ:CORZ opened at $15.98 on Friday. The stock has a market capitalization of $4.46 billion and a price-to-earnings ratio of -2.95. Core Scientific, Inc. has a 52 week low of $2.61 and a 52 week high of $18.63. The firm has a 50 day moving average of $15.56 and a 200 day moving average of $12.98.

Core Scientific (NASDAQ:CORZ) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The firm had revenue of $95.35 million during the quarter, compared to analysts’ expectations of $94.80 million. As a group, analysts expect that Core Scientific, Inc. will post 0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

CORZ has been the topic of a number of research analyst reports. BTIG Research upped their target price on shares of Core Scientific from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Canaccord Genuity Group restated a “buy” rating and set a $17.00 price objective on shares of Core Scientific in a report on Thursday, November 7th. Roth Capital raised Core Scientific to a “strong-buy” rating in a research report on Thursday, November 14th. Macquarie increased their price target on Core Scientific from $16.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, Craig Hallum initiated coverage on Core Scientific in a report on Tuesday, January 21st. They issued a “buy” rating and a $24.00 price objective for the company. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $18.86.

Insider Buying and Selling at Core Scientific

In other Core Scientific news, insider Todd M. Duchene sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $17.10, for a total value of $427,500.00. Following the completion of the transaction, the insider now owns 1,661,474 shares of the company’s stock, valued at approximately $28,411,205.40. This trade represents a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Yadin Rozov sold 105,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $18.11, for a total transaction of $1,901,550.00. Following the sale, the director now directly owns 345,239 shares in the company, valued at $6,252,278.29. This trade represents a 23.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 349,043 shares of company stock worth $5,449,345. 32.00% of the stock is owned by insiders.

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.