Core Scientific, Inc. $CORZ Shares Sold by CastleKnight Management LP

CastleKnight Management LP cut its stake in shares of Core Scientific, Inc. (NASDAQ:CORZ) by 23.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 334,060 shares of the company’s stock after selling 103,900 shares during the quarter. CastleKnight Management LP owned about 0.11% of Core Scientific worth $4,864,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CORZ. Jericho Capital Asset Management L.P. purchased a new stake in shares of Core Scientific in the 3rd quarter worth about $209,895,000. Situational Awareness LP boosted its position in shares of Core Scientific by 42.5% in the 4th quarter. Situational Awareness LP now owns 28,756,478 shares of the company’s stock worth $418,694,000 after buying an additional 8,575,944 shares in the last quarter. Value Aligned Research Advisors LLC purchased a new stake in shares of Core Scientific in the 4th quarter worth about $117,786,000. Oaktree Capital Management LP purchased a new stake in shares of Core Scientific in the 3rd quarter worth about $114,829,000. Finally, Vanguard Group Inc. boosted its position in shares of Core Scientific by 18.7% in the 4th quarter. Vanguard Group Inc. now owns 33,960,320 shares of the company’s stock worth $494,462,000 after buying an additional 5,359,710 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently commented on CORZ shares. Jefferies Financial Group boosted their price objective on shares of Core Scientific from $24.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Wall Street Zen upgraded shares of Core Scientific to a “sell” rating in a research report on Saturday, March 14th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $32.00 price objective on shares of Core Scientific in a research report on Wednesday, June 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Core Scientific in a research report on Monday, April 20th. Finally, LADENBURG THALM/SH SH decreased their price objective on shares of Core Scientific from $24.50 to $23.75 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.49.

Core Scientific Trading Up 1.1%

NASDAQ:CORZ opened at $28.38 on Thursday. The firm has a market cap of $9.02 billion, a price-to-earnings ratio of -24.89 and a beta of 5.49. The company’s 50-day moving average is $23.49 and its two-hundred day moving average is $19.10. Core Scientific, Inc. has a 12-month low of $10.93 and a 12-month high of $30.46.

Core Scientific (NASDAQ:CORZ) last released its earnings results on Wednesday, May 6th. The company reported ($1.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($1.04). The business had revenue of $115.24 million for the quarter, compared to the consensus estimate of $117.04 million. The company’s quarterly revenue was up 44.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.25 EPS. On average, equities research analysts forecast that Core Scientific, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Transactions at Core Scientific

In other Core Scientific news, insider Todd M. Duchene sold 10,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $28.19, for a total value of $281,900.00. Following the transaction, the insider directly owned 2,058,895 shares in the company, valued at approximately $58,040,250.05. This represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 80,000 shares of company stock valued at $1,746,300. 1.70% of the stock is currently owned by corporate insiders.

Core Scientific Profile

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.