Moody Aldrich Partners LLC Buys Shares of 345,389 Core Scientific, Inc. (NASDAQ:CORZ)

Moody Aldrich Partners LLC acquired a new stake in Core Scientific, Inc. (NASDAQ:CORZ) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 345,389 shares of the company’s stock, valued at approximately $4,853,000.

A number of other institutional investors have also recently modified their holdings of CORZ. Wealth Enhancement Advisory Services LLC lifted its position in Core Scientific by 25.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 98,077 shares of the company’s stock valued at $1,378,000 after buying an additional 20,000 shares in the last quarter. Highland Peak Capital LLC increased its holdings in shares of Core Scientific by 37.9% during the third quarter. Highland Peak Capital LLC now owns 413,584 shares of the company’s stock valued at $4,905,000 after purchasing an additional 113,584 shares during the period. Mirabella Financial Services LLP acquired a new position in shares of Core Scientific during the 3rd quarter valued at $18,383,000. Van ECK Associates Corp lifted its holdings in shares of Core Scientific by 22.9% during the third 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 during the last quarter. Finally, Capstone Investment Advisors LLC raised its position in Core Scientific by 113.4% during the third quarter. Capstone Investment Advisors LLC now owns 55,000 shares of the company’s stock valued at $652,000 after buying an additional 29,230 shares during the period.

Insider Transactions at Core Scientific

In other news, Director Yadin Rozov sold 105,000 shares of the 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 completion of the transaction, the director now owns 345,239 shares in the company, valued at $6,252,278.29. This trade represents a 23.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Todd M. Duchene sold 25,277 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $16.24, for a total value of $410,498.48. Following the sale, the insider now directly owns 2,023,423 shares in the company, valued at approximately $32,860,389.52. The trade was a 1.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 744,032 shares of company stock valued at $11,863,966 over the last 90 days. 32.00% of the stock is currently owned by corporate insiders.

Core Scientific Price Performance

CORZ opened at $11.31 on Wednesday. The business’s fifty day simple moving average is $15.37 and its 200-day simple moving average is $13.03. Core Scientific, Inc. has a 12-month low of $2.61 and a 12-month high of $18.63.

Core Scientific (NASDAQ:CORZ) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The business had revenue of $95.35 million during the quarter, compared to analyst estimates of $94.80 million. Equities analysts predict that Core Scientific, Inc. will post 0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Compass Point lifted their price target on Core Scientific from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Roth Mkm began coverage on Core Scientific in a research note on Friday, November 15th. They set a “buy” rating and a $25.50 price objective on the stock. Jefferies Financial Group started coverage on Core Scientific in a report on Monday, October 28th. They issued a “buy” rating and a $19.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and set a $18.00 target price on shares of Core Scientific in a research note on Friday, January 17th. Finally, BTIG Research raised their target price 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. Fifteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $19.07.

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.