Core Scientific, Inc. (NASDAQ:CORZ) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in Core Scientific, Inc. (NASDAQ:CORZ) by 44.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,932,462 shares of the company’s stock after acquiring an additional 590,946 shares during the period. Charles Schwab Investment Management Inc. owned about 0.69% of Core Scientific worth $22,919,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Rise Advisors LLC raised its holdings in shares of Core Scientific by 14.3% during the 3rd quarter. Rise Advisors LLC now owns 8,000 shares of the company’s stock valued at $95,000 after purchasing an additional 1,000 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in Core Scientific during the second quarter worth $28,000. Sunbelt Securities Inc. acquired a new stake in shares of Core Scientific in the second quarter worth about $33,000. Vontobel Holding Ltd. boosted its stake in shares of Core Scientific by 10.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 38,089 shares of the company’s stock worth $452,000 after acquiring an additional 3,591 shares in the last quarter. Finally, Harvest Portfolios Group Inc. increased its holdings in shares of Core Scientific by 10.1% during 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 last quarter.

Core Scientific Stock Performance

Shares of CORZ stock opened at $16.94 on Friday. The firm’s 50 day moving average price is $14.61 and its two-hundred day moving average price is $11.18. The stock has a market cap of $4.73 billion and a PE ratio of -3.13. Core Scientific, Inc. has a 52-week low of $2.61 and a 52-week high of $18.63.

Wall Street Analysts Forecast Growth

CORZ has been the topic of several analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $20.00 price target on shares of Core Scientific in a report on Thursday, October 3rd. BTIG Research raised their target price on shares of Core Scientific from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Compass Point boosted their target price on shares of Core Scientific from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Roth Capital raised Core Scientific to a “strong-buy” rating in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group assumed coverage on Core Scientific in a research report on Monday, September 23rd. They set a “buy” rating and a $16.00 price objective for the company. Thirteen 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.com, Core Scientific has a consensus rating of “Buy” and an average price target of $18.38.

Insider Transactions at Core Scientific

In other news, Director Yadin Rozov sold 105,000 shares of the 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 completion of the sale, the director now owns 345,239 shares of the company’s stock, valued at $6,252,278.29. This represents a 23.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Todd M. Duchene sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $17.10, for a total transaction of $427,500.00. Following the completion of the sale, the insider now directly owns 1,661,474 shares in the company, valued at $28,411,205.40. This represents a 1.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.00% of the stock is owned by corporate 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.