Y Intercept Hong Kong Ltd Purchases New Position in Core Scientific, Inc. (NASDAQ:CORZ)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Core Scientific, Inc. (NASDAQ:CORZ) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 123,039 shares of the company’s stock, valued at approximately $1,459,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. ORG Wealth Partners LLC bought a new position in Core Scientific in the 3rd quarter worth $106,266,000. Parsifal Capital Management LP lifted its holdings in Core Scientific by 3.9% in the third quarter. Parsifal Capital Management LP now owns 5,412,825 shares of the company’s stock worth $64,196,000 after buying an additional 204,314 shares during the period. State Street Corp boosted its position in Core Scientific by 17.0% during the 3rd quarter. State Street Corp now owns 4,006,922 shares of the company’s stock valued at $47,522,000 after acquiring an additional 583,493 shares in the last quarter. Taconic Capital Advisors LP grew its holdings in shares of Core Scientific by 178.7% during the 3rd quarter. Taconic Capital Advisors LP now owns 2,717,462 shares of the company’s stock worth $32,229,000 after acquiring an additional 1,742,462 shares during the period. Finally, Rush Island Management LP purchased a new position in shares of Core Scientific in the 3rd quarter valued at approximately $32,221,000.

Insiders Place Their Bets

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 transaction of $1,901,550.00. Following the completion of the sale, the director now owns 345,239 shares of the company’s stock, valued at $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 this link. Also, insider Todd M. Duchene sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $17.10, for a total transaction of $427,500.00. Following the sale, the insider now owns 1,661,474 shares of the company’s stock, valued at $28,411,205.40. This trade represents a 1.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CORZ shares. Compass Point increased their price objective on Core Scientific from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Roth Capital raised shares of Core Scientific to a “strong-buy” rating in a research report on Thursday, November 14th. Jefferies Financial Group began coverage on shares of Core Scientific in a report on Monday, October 28th. They issued a “buy” rating and a $19.00 price objective on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $20.00 target price on shares of Core Scientific in a research note on Thursday, October 3rd. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $17.00 price target on shares of Core Scientific in a research report on Thursday, November 7th. Thirteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Core Scientific presently has an average rating of “Buy” and a consensus target price of $18.38.

Core Scientific Stock Down 1.6 %

Shares of NASDAQ CORZ opened at $15.78 on Wednesday. The firm’s 50-day moving average price is $14.87 and its 200-day moving average price is $11.53. Core Scientific, Inc. has a 52-week low of $2.61 and a 52-week high of $18.63. The company has a market cap of $4.41 billion and a PE ratio of -2.92.

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.