Victory Capital Management Inc. Has $316,000 Holdings in Core Scientific, Inc. (NASDAQ:CORZ)

Victory Capital Management Inc. lifted its stake in Core Scientific, Inc. (NASDAQ:CORZ) by 41.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,633 shares of the company’s stock after buying an additional 7,814 shares during the period. Victory Capital Management Inc.’s holdings in Core Scientific were worth $316,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. ORG Wealth Partners LLC acquired a new position in shares of Core Scientific in the 3rd quarter worth approximately $106,266,000. Vanguard Group Inc. acquired a new stake in Core Scientific during the 1st quarter valued at $21,973,000. Van ECK Associates Corp increased its holdings in Core Scientific by 22.9% during the 3rd quarter. Van ECK Associates Corp now owns 1,616,944 shares of the company’s stock valued at $19,177,000 after purchasing an additional 300,942 shares in the last quarter. Summit Trail Advisors LLC acquired a new stake in Core Scientific during the 2nd quarter valued at $6,455,000. Finally, Bank of New York Mellon Corp increased its holdings in Core Scientific by 3,236.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 674,043 shares of the company’s stock valued at $6,269,000 after purchasing an additional 653,838 shares in the last quarter.

Core Scientific Stock Up 1.0 %

NASDAQ:CORZ opened at $17.88 on Friday. Core Scientific, Inc. has a 12-month low of $2.61 and a 12-month high of $18.63. The firm has a market capitalization of $4.99 billion and a P/E ratio of -3.30. The stock’s fifty day simple moving average is $14.27 and its 200-day simple moving average is $10.81.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Roth Capital raised Core Scientific to a “strong-buy” rating in a report on Thursday, November 14th. BTIG Research raised their price target on Core Scientific from $15.00 to $19.00 and gave the company a “buy” rating in a report on Friday, November 15th. Macquarie raised their price target on Core Scientific from $16.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $20.00 price objective on shares of Core Scientific in a research report on Thursday, October 3rd. Finally, B. Riley increased their price objective on Core Scientific from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Thirteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Core Scientific has an average rating of “Buy” and a consensus price target of $18.38.

Insider Transactions at Core Scientific

In related news, Director Jarrod M. Patten purchased 5,021 shares of Core Scientific stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average cost of $9.68 per share, for a total transaction of $48,603.28. Following the transaction, the director now directly owns 285,760 shares of the company’s stock, valued at approximately $2,766,156.80. This trade represents a 1.79 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Yadin Rozov sold 105,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $18.11, for a total value of $1,901,550.00. Following the completion of the transaction, the director now owns 345,239 shares in the company, valued at $6,252,278.29. This represents a 23.32 % 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.

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.