Blair William & Co. IL Grows Stock Holdings in Core Scientific, Inc. (NASDAQ:CORZ)

Blair William & Co. IL grew its position in shares of Core Scientific, Inc. (NASDAQ:CORZ) by 59.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 519,013 shares of the company’s stock after acquiring an additional 192,580 shares during the period. Blair William & Co. IL owned about 0.29% of Core Scientific worth $4,827,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Barings LLC purchased a new position in Core Scientific during the 1st quarter valued at about $36,515,000. Vanguard Group Inc. purchased a new position in shares of Core Scientific during the first quarter valued at approximately $21,973,000. Kensico Capital Management Corp bought a new position in shares of Core Scientific during the first quarter valued at approximately $18,513,000. Van ECK Associates Corp purchased a new stake in Core Scientific in the second quarter worth $12,239,000. Finally, Vident Advisory LLC bought a new stake in Core Scientific in the first quarter valued at $4,047,000.

Analyst Ratings Changes

Several research firms have recently commented on CORZ. B. Riley raised shares of Core Scientific from a “neutral” rating to a “buy” rating and raised their target price for the stock from $0.50 to $13.00 in a research report on Wednesday, July 17th. HC Wainwright raised their price objective on shares of Core Scientific from $11.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Needham & Company LLC assumed coverage on Core Scientific in a report on Wednesday, September 4th. They set a “buy” rating and a $16.00 target price on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $20.00 target price on shares of Core Scientific in a research report on Tuesday, September 3rd. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $17.00 price target on shares of Core Scientific in a research report on Tuesday, September 10th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $14.88.

Core Scientific Trading Up 3.2 %

CORZ stock opened at $11.98 on Friday. The firm has a 50 day moving average price of $10.19 and a 200-day moving average price of $7.05. Core Scientific, Inc. has a 52-week low of $2.61 and a 52-week high of $12.63.

Core Scientific (NASDAQ:CORZ) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($4.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($4.47). The business had revenue of $141.10 million during the quarter, compared to analyst estimates of $128.58 million. Core Scientific’s revenue was up 11.2% on a year-over-year basis. Research analysts predict that Core Scientific, Inc. will post 0.01 earnings per share for the current fiscal year.

Insider Transactions at Core Scientific

In other news, Director Jarrod M. Patten acquired 5,021 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average cost of $9.68 per share, with a total value of $48,603.28. Following the transaction, the director now owns 285,760 shares of the company’s stock, valued at approximately $2,766,156.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Jarrod M. Patten purchased 5,021 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average price of $9.68 per share, for a total transaction of $48,603.28. Following the completion of the acquisition, the director now directly owns 285,760 shares in the company, valued at approximately $2,766,156.80. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Denise Marie Brucia Sterling sold 8,752 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $9.41, for a total transaction of $82,356.32. Following the completion of the transaction, the chief financial officer now owns 122,217 shares of the company’s stock, valued at $1,150,061.97. The disclosure for this sale can be found here. In the last quarter, insiders purchased 12,761 shares of company stock valued at $127,080 and sold 27,655 shares valued at $260,087. 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.