Corsair Capital Management L.P. Has $384,000 Position in Core Scientific, Inc. (NASDAQ:CORZ)

Corsair Capital Management L.P. grew its stake in Core Scientific, Inc. (NASDAQ:CORZ) by 62.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,364 shares of the company’s stock after acquiring an additional 12,500 shares during the period. Corsair Capital Management L.P.’s holdings in Core Scientific were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Banque Cantonale Vaudoise bought a new stake in Core Scientific during the second quarter worth $28,000. Aspect Partners LLC bought a new stake in shares of Core Scientific during the 1st quarter valued at approximately $29,000. Sunbelt Securities Inc. acquired a new stake in Core Scientific during the 2nd quarter worth approximately $33,000. Rise Advisors LLC acquired a new position in shares of Core Scientific in the 2nd quarter worth approximately $65,000. Finally, Divisadero Street Capital Management LP acquired a new position in shares of Core Scientific in the 2nd quarter worth approximately $93,000.

Core Scientific Stock Up 2.0 %

Core Scientific stock opened at $17.46 on Wednesday. Core Scientific, Inc. has a 52 week low of $2.61 and a 52 week high of $18.63. The business’s 50-day moving average price is $13.92 and its 200 day moving average price is $10.62.

Insider Activity

In other news, Director Jarrod M. Patten bought 5,021 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average cost of $9.68 per share, with a total value of $48,603.28. Following the transaction, the director now directly owns 285,760 shares in the company, valued at $2,766,156.80. This trade represents a 1.79 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Yadin Rozov sold 105,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 345,239 shares in the company, valued at approximately $6,252,278.29. This represents a 23.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have bought a total of 8,761 shares of company stock worth $88,280 over the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CORZ. BTIG Research boosted their price target on shares of Core Scientific from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Compass Point boosted their price target on shares of Core Scientific from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. HC Wainwright upped their price objective on shares of Core Scientific from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Roth Mkm started coverage on shares of Core Scientific in a research report on Friday, November 15th. They issued a “buy” rating and a $25.50 price objective on the stock. Finally, Macquarie upped their price objective on shares of Core Scientific from $16.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Thirteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Core Scientific has a consensus rating of “Buy” and an average price target of $18.38.

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.