Concurrent Investment Advisors LLC Sells 7,161 Shares of Core Scientific, Inc. (NASDAQ:CORZ)

Concurrent Investment Advisors LLC reduced its holdings in shares of Core Scientific, Inc. (NASDAQ:CORZ) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 249,573 shares of the company’s stock after selling 7,161 shares during the period. Concurrent Investment Advisors LLC owned about 0.09% of Core Scientific worth $3,507,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. ORG Wealth Partners LLC boosted its holdings in Core Scientific by 0.3% during the fourth quarter. ORG Wealth Partners LLC now owns 8,986,651 shares of the company’s stock valued at $126,262,000 after purchasing an additional 26,649 shares in the last quarter. Parsifal Capital Management LP lifted its position in shares of Core Scientific by 3.9% during the 3rd quarter. Parsifal Capital Management LP now owns 5,412,825 shares of the company’s stock worth $64,196,000 after buying an additional 204,314 shares during the period. Geode Capital Management LLC boosted its stake in Core Scientific by 26.7% in the 3rd quarter. Geode Capital Management LLC now owns 5,276,573 shares of the company’s stock valued at $62,594,000 after buying an additional 1,113,285 shares in the last quarter. State Street Corp grew its position in Core Scientific by 17.0% in the third quarter. State Street Corp now owns 4,006,922 shares of the company’s stock valued at $47,522,000 after acquiring an additional 583,493 shares during the period. Finally, Taconic Capital Advisors LP raised its stake in Core Scientific by 178.7% during the third quarter. Taconic Capital Advisors LP now owns 2,717,462 shares of the company’s stock worth $32,229,000 after acquiring an additional 1,742,462 shares in the last quarter.

Core Scientific Stock Down 1.5 %

Shares of CORZ opened at $11.84 on Friday. The stock’s fifty day simple moving average is $13.78 and its 200-day simple moving average is $13.24. The firm has a market capitalization of $3.31 billion and a PE ratio of -2.19. Core Scientific, Inc. has a 12-month low of $2.61 and a 12-month high of $18.63.

Analysts Set New Price Targets

CORZ has been the topic of several recent analyst reports. Roth Capital upgraded shares of Core Scientific to a “strong-buy” rating in a research note on Thursday, November 14th. Macquarie upped their price objective 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. Roth Mkm started coverage on shares of Core Scientific in a report on Friday, November 15th. They set a “buy” rating and a $25.50 price objective for the company. Keefe, Bruyette & Woods assumed coverage on Core Scientific in a report on Monday, January 27th. They issued an “outperform” rating and a $22.00 target price on the stock. Finally, HC Wainwright raised their price target on Core Scientific from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Fifteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Core Scientific currently has a consensus rating of “Buy” and a consensus price target of $19.07.

Insiders Place Their Bets

In related news, CEO Adam Taylor Sullivan sold 369,712 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $16.24, for a total value of $6,004,122.88. Following the transaction, the chief executive officer now directly owns 3,758,793 shares in the company, valued at $61,042,798.32. This represents a 8.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Todd M. Duchene sold 25,277 shares of Core Scientific stock in a transaction on Friday, January 24th. The stock was sold at an average price of $16.24, for a total transaction of $410,498.48. Following the sale, the insider now directly owns 2,023,423 shares of the company’s stock, valued at $32,860,389.52. This represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 614,032 shares of company stock valued at $9,534,916. 32.00% of the stock is currently owned by insiders.

Core Scientific 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.