Villere ST Denis J & Co. LLC Makes New Investment in Core Scientific, Inc. (NASDAQ:CORZ)

Villere ST Denis J & Co. LLC bought a new position in Core Scientific, Inc. (NASDAQ:CORZ) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,000 shares of the company’s stock, valued at approximately $140,000.

Several other large investors also recently added to or reduced their stakes in CORZ. Rush Island Management LP bought a new stake in Core Scientific in the third quarter worth approximately $32,221,000. Taconic Capital Advisors LP lifted its stake in shares of Core Scientific by 178.7% in the third quarter. Taconic Capital Advisors LP now owns 2,717,462 shares of the company’s stock worth $32,229,000 after buying an additional 1,742,462 shares during the last quarter. Mirabella Financial Services LLP acquired a new stake in shares of Core Scientific in the third quarter worth $18,383,000. Geode Capital Management LLC lifted its stake in shares of Core Scientific by 26.7% in the third quarter. Geode Capital Management LLC now owns 5,276,573 shares of the company’s stock worth $62,594,000 after buying an additional 1,113,285 shares during the last quarter. Finally, Whitefort Capital Management LP lifted its stake in shares of Core Scientific by 337.1% in the third quarter. Whitefort Capital Management LP now owns 1,147,500 shares of the company’s stock worth $13,609,000 after buying an additional 885,000 shares during the last quarter.

Core Scientific Stock Performance

Shares of CORZ stock opened at $12.51 on Friday. Core Scientific, Inc. has a 52-week low of $2.61 and a 52-week high of $18.63. The stock has a market cap of $3.49 billion and a price-to-earnings ratio of -2.31. The firm has a fifty day moving average of $14.16 and a 200-day moving average of $13.14.

Insider Activity

In other news, Director Yadin Rozov sold 105,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $18.11, for a total value of $1,901,550.00. Following the sale, the director now owns 345,239 shares of the company’s stock, valued at approximately $6,252,278.29. This represents a 23.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Taylor Sullivan sold 88,380 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $14.24, for a total transaction of $1,258,531.20. Following the completion of the sale, the chief executive officer now directly owns 4,128,505 shares in the company, valued at approximately $58,789,911.20. The trade was a 2.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 744,032 shares of company stock worth $11,863,966. 32.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CORZ has been the subject of a number of analyst reports. Canaccord Genuity Group restated a “buy” rating and issued a $17.00 price objective on shares of Core Scientific in a research note on Thursday, November 7th. HC Wainwright boosted their price objective on shares of Core Scientific from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Macquarie upped their target price on shares of Core Scientific from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Jefferies Financial Group began coverage on shares of Core Scientific in a research note on Monday, October 28th. They set a “buy” rating and a $19.00 target price for the company. Finally, Roth Capital upgraded shares of Core Scientific to a “strong-buy” rating in a research note on Thursday, November 14th. Fifteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $19.07.

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.