Shikiar Asset Management Inc. Has $1.34 Million Holdings in Core Scientific, Inc. (NASDAQ:CORZ)

Shikiar Asset Management Inc. lifted its holdings in shares of Core Scientific, Inc. (NASDAQ:CORZ) by 27.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,250 shares of the company’s stock after buying an additional 20,250 shares during the quarter. Shikiar Asset Management Inc.’s holdings in Core Scientific were worth $1,338,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CORZ. Rise Advisors LLC lifted its stake in Core Scientific by 14.3% in the third quarter. Rise Advisors LLC now owns 8,000 shares of the company’s stock valued at $95,000 after buying an additional 1,000 shares during the period. Sunbelt Securities Inc. bought a new stake in shares of Core Scientific in the 2nd quarter valued at about $33,000. Vontobel Holding Ltd. raised its position in shares of Core Scientific by 10.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 38,089 shares of the company’s stock valued at $452,000 after acquiring an additional 3,591 shares during the period. Harvest Portfolios Group Inc. raised its position in shares of Core Scientific by 10.1% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 55,881 shares of the company’s stock valued at $663,000 after acquiring an additional 5,109 shares during the period. Finally, Pekin Hardy Strauss Inc. boosted its stake in Core Scientific by 25.4% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 30,725 shares of the company’s stock worth $364,000 after acquiring an additional 6,225 shares during the last quarter.

Core Scientific Stock Performance

CORZ stock opened at $15.00 on Friday. Core Scientific, Inc. has a twelve month low of $2.61 and a twelve month high of $18.63. The business has a 50 day moving average price of $15.63 and a two-hundred day moving average price of $12.77.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CORZ shares. Roth Capital upgraded shares of Core Scientific to a “strong-buy” rating in a report on Thursday, November 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $20.00 price objective on shares of Core Scientific in a research note on Thursday, October 3rd. Roth Mkm initiated coverage on Core Scientific in a research note on Friday, November 15th. They issued a “buy” rating and a $25.50 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 target price on shares of Core Scientific in a research note on Friday. Finally, 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. Thirteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $18.46.

Insider Activity at Core Scientific

In other news, Director Yadin Rozov sold 105,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $18.11, for a total value of $1,901,550.00. Following the sale, the director now directly owns 345,239 shares of the company’s stock, valued at approximately $6,252,278.29. This represents a 23.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Todd M. Duchene sold 25,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 1,661,474 shares in the company, valued at $28,411,205.40. This represents a 1.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 348,241 shares of company stock valued at $5,436,802.

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.