Sanctuary Advisors LLC Buys Shares of 15,005 Core Scientific, Inc. (NASDAQ:CORZ)

Sanctuary Advisors LLC purchased a new position in shares of Core Scientific, Inc. (NASDAQ:CORZ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,005 shares of the company’s stock, valued at approximately $140,000.

Several other large investors have also recently added to or reduced their stakes in CORZ. Barings LLC purchased a new stake in shares of Core Scientific during the first quarter worth $36,515,000. Vanguard Group Inc. purchased a new position in Core Scientific in the first quarter valued at $21,973,000. Kensico Capital Management Corp purchased a new stake in Core Scientific during the 1st quarter worth about $18,513,000. Van ECK Associates Corp acquired a new stake in Core Scientific in the 2nd quarter valued at about $12,239,000. Finally, Vident Advisory LLC purchased a new position in shares of Core Scientific in the 1st quarter valued at about $4,047,000.

Analyst Ratings Changes

Several brokerages recently weighed in on CORZ. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $20.00 target price on shares of Core Scientific in a report on Thursday, October 3rd. Sanford C. Bernstein restated an “outperform” rating and issued a $17.00 price objective on shares of Core Scientific in a report on Tuesday, September 10th. HC Wainwright lifted their price objective on shares of Core Scientific from $11.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Canaccord Genuity Group reissued a “buy” rating and issued a $16.00 target price on shares of Core Scientific in a report on Friday, October 11th. Finally, Canaccord Genuity Group assumed coverage on Core Scientific in a research note on Monday, September 23rd. They issued a “buy” rating and a $16.00 price target on the stock. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $15.27.

Core Scientific Stock Up 0.2 %

Shares of CORZ stock opened at $12.83 on Tuesday. The stock’s 50-day moving average is $11.22 and its two-hundred day moving average is $8.40. Core Scientific, Inc. has a 1 year low of $2.61 and a 1 year high of $13.60.

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

Insider Activity

In other Core Scientific news, insider Todd M. Duchene sold 11,582 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $9.41, for a total transaction of $108,986.62. Following the transaction, the insider now directly owns 1,686,474 shares of the company’s stock, valued at approximately $15,869,720.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Jarrod M. Patten acquired 5,021 shares of Core Scientific stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average cost of $9.68 per share, with a total value of $48,603.28. Following the purchase, the director now directly owns 285,760 shares in the company, valued at approximately $2,766,156.80. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Todd M. Duchene sold 11,582 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $9.41, for a total value of $108,986.62. Following the sale, the insider now directly owns 1,686,474 shares of the company’s stock, valued at $15,869,720.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired 12,761 shares of company stock valued at $127,080 in the last ninety days. 32.00% of the stock is currently owned by company 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.