Natixis Advisors LLC Acquires New Holdings in Core Scientific, Inc. (NASDAQ:CORZ)

Natixis Advisors LLC bought a new position in shares of Core Scientific, Inc. (NASDAQ:CORZ) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 21,254 shares of the company’s stock, valued at approximately $252,000.

Other large investors have also recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new position in Core Scientific in the second quarter valued at $28,000. Sunbelt Securities Inc. purchased a new position in shares of Core Scientific during the 2nd quarter worth about $33,000. Rise Advisors LLC acquired a new position in shares of Core Scientific in the 2nd quarter valued at about $65,000. Divisadero Street Capital Management LP purchased a new position in Core Scientific in the 2nd quarter worth approximately $93,000. Finally, Xponance Inc. acquired a new stake in shares of Core Scientific during the second quarter worth approximately $104,000.

Insider Transactions at Core Scientific

In other news, insider Todd M. Duchene sold 25,000 shares of the 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 transaction, the insider now directly owns 1,661,474 shares in the company, valued at $28,411,205.40. This trade represents a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jarrod M. Patten bought 5,021 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average cost of $9.68 per share, for a total transaction of $48,603.28. Following the acquisition, the director now owns 285,760 shares of the company’s stock, valued at $2,766,156.80. This represents a 1.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 32.00% of the company’s stock.

Core Scientific Trading Up 3.4 %

Shares of NASDAQ:CORZ opened at $17.71 on Friday. The firm’s 50 day moving average is $14.15 and its two-hundred day moving average is $10.71. The firm has a market capitalization of $4.95 billion and a P/E ratio of -3.27. Core Scientific, Inc. has a 52 week low of $2.61 and a 52 week high of $18.63.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Sanford C. Bernstein reissued an “outperform” rating and issued a $17.00 price objective on shares of Core Scientific in a report on Tuesday, September 10th. Needham & Company LLC boosted their price target on Core Scientific from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Roth Capital upgraded Core Scientific to a “strong-buy” rating in a research note on Thursday, November 14th. HC Wainwright boosted their target price on shares of Core Scientific from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $17.00 target price on shares of Core Scientific in a report on Thursday, November 7th. Thirteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $18.38.

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.