Core Scientific, Inc. $CORZ Shares Acquired by Situational Awareness LP

Situational Awareness LP raised its holdings in shares of Core Scientific, Inc. (NASDAQ:CORZ) by 42.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,756,478 shares of the company’s stock after purchasing an additional 8,575,944 shares during the quarter. Core Scientific accounts for approximately 7.6% of Situational Awareness LP’s portfolio, making the stock its 5th largest position. Situational Awareness LP owned about 0.09% of Core Scientific worth $418,694,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CORZ. Allworth Financial LP increased its position in shares of Core Scientific by 206.5% during the third quarter. Allworth Financial LP now owns 1,410 shares of the company’s stock worth $25,000 after acquiring an additional 950 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Core Scientific by 936.7% in the 4th quarter. Larson Financial Group LLC now owns 1,866 shares of the company’s stock worth $27,000 after acquiring an additional 1,686 shares during the last quarter. Osaic Holdings Inc. lifted its position in Core Scientific by 112.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,017 shares of the company’s stock valued at $34,000 after acquiring an additional 1,066 shares in the last quarter. Danske Bank A S bought a new position in Core Scientific in the 4th quarter valued at about $36,000. Finally, State of Wyoming acquired a new position in Core Scientific during the 4th quarter valued at about $66,000.

Insiders Place Their Bets

In other Core Scientific news, insider Todd M. Duchene sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $26.25, for a total value of $262,500.00. Following the transaction, the insider directly owned 2,088,895 shares in the company, valued at $54,833,493.75. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 60,000 shares of company stock valued at $1,195,900 in the last 90 days. 1.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CORZ. Jefferies Financial Group increased their price objective on Core Scientific from $24.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. B. Riley Financial lifted their target price on Core Scientific from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. BTIG Research upped their price target on Core Scientific from $23.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Canaccord Genuity Group set a $30.00 price target on Core Scientific in a research report on Friday, May 8th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $32.00 price objective on shares of Core Scientific in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $28.83.

Core Scientific Price Performance

Shares of Core Scientific stock opened at $25.85 on Friday. The firm has a market cap of $8.22 billion, a PE ratio of -22.68 and a beta of 5.49. Core Scientific, Inc. has a 1 year low of $10.93 and a 1 year high of $30.46. The stock has a fifty day moving average price of $21.58 and a 200-day moving average price of $18.41.

Core Scientific (NASDAQ:CORZ) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($1.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($1.04). The company had revenue of $115.24 million for the quarter, compared to the consensus estimate of $117.04 million. The business’s revenue was up 44.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 earnings per share. As a group, equities analysts anticipate that Core Scientific, Inc. will post 0.16 EPS for the current fiscal year.

About Core Scientific

Core Scientific, Inc (NASDAQ: CORZ) is a leading provider of large-scale blockchain infrastructure and digital asset mining services. The company develops, owns and operates high-performance data centers optimized for the mining of Bitcoin and other proof-of-work cryptocurrencies. In addition to its core mining operations, Core Scientific offers colocation, hosting and managed services designed to support institutional clients and enterprise users in deploying and scaling blockchain nodes and computing hardware.

Core Scientific’s service portfolio includes hardware procurement, deployment and maintenance, real-time monitoring, power management and network connectivity.