OLD Mission Capital LLC Has $452,000 Stake in Core Scientific, Inc. (NASDAQ:CORZ)

OLD Mission Capital LLC raised its position in shares of Core Scientific, Inc. (NASDAQ:CORZ) by 146.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,192 shares of the company’s stock after acquiring an additional 19,131 shares during the quarter. OLD Mission Capital LLC’s holdings in Core Scientific were worth $452,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CORZ. Xponance Inc. boosted its position in shares of Core Scientific by 7.9% during the 4th quarter. Xponance Inc. now owns 12,800 shares of the company’s stock valued at $180,000 after purchasing an additional 937 shares in the last quarter. Wellington Shields & Co. LLC bought a new position in Core Scientific during the fourth quarter worth $26,000. First Horizon Advisors Inc. acquired a new stake in Core Scientific in the fourth quarter worth $34,000. Joel Isaacson & Co. LLC increased its stake in Core Scientific by 4.5% in the fourth quarter. Joel Isaacson & Co. LLC now owns 58,011 shares of the company’s stock valued at $815,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Core Scientific during the fourth quarter valued at about $42,000.

Wall Street Analyst Weigh In

CORZ has been the subject of a number of research analyst reports. Compass Point decreased their target price on Core Scientific from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, February 25th. Needham & Company LLC lowered their target price on Core Scientific from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Craig Hallum initiated coverage on shares of Core Scientific in a research report on Tuesday, January 21st. They issued a “buy” rating and a $24.00 price target for the company. BTIG Research upped their price objective on shares of Core Scientific from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $17.00 price objective on shares of Core Scientific in a report on Wednesday, March 12th. Fifteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $19.07.

Core Scientific Trading Up 0.4 %

Shares of CORZ opened at $7.18 on Friday. The stock has a 50 day moving average of $10.07 and a 200 day moving average of $12.99. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of -1.33 and a beta of 6.80. Core Scientific, Inc. has a 12 month low of $2.61 and a 12 month high of $18.63.

Core Scientific (NASDAQ:CORZ) last announced its earnings results on Wednesday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.09. The business had revenue of $94.93 million for the quarter, compared to analysts’ expectations of $97.07 million. As a group, equities research analysts predict that Core Scientific, Inc. will post 0.52 earnings per share for the current year.

Insider Activity

In other news, CEO Adam Taylor Sullivan sold 369,712 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $16.24, for a total transaction of $6,004,122.88. Following the completion of the transaction, the chief executive officer now owns 3,758,793 shares in the company, valued at approximately $61,042,798.32. This represents a 8.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Todd M. Duchene sold 25,277 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $16.24, for a total value of $410,498.48. Following the completion of the sale, the insider now owns 2,023,423 shares in the company, valued at $32,860,389.52. This represents a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 530,041 shares of company stock valued at $7,870,352 in the last three months. Company insiders own 32.00% of the company’s stock.

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.