Core Scientific, Inc. (NASDAQ:CORZ) Director Yadin Rozov Sells 105,000 Shares

Core Scientific, Inc. (NASDAQ:CORZ) Director Yadin Rozov sold 105,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 345,239 shares of the company’s stock, valued at $6,252,278.29. The trade was a 23.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Core Scientific Stock Performance

Shares of CORZ opened at $18.23 on Friday. Core Scientific, Inc. has a 12-month low of $2.61 and a 12-month high of $18.35. The business’s fifty day moving average price is $13.52 and its 200 day moving average price is $10.22.

Hedge Funds Weigh In On Core Scientific

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. bought a new position in shares of Core Scientific during the first quarter worth about $21,973,000. Kensico Capital Management Corp acquired a new stake in shares of Core Scientific in the 1st quarter worth approximately $18,513,000. Aspect Partners LLC acquired a new position in shares of Core Scientific during the first quarter valued at approximately $29,000. Rise Advisors LLC acquired a new stake in Core Scientific in the second quarter worth approximately $65,000. Finally, SG Americas Securities LLC bought a new position in Core Scientific during the 2nd quarter valued at $1,792,000.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CORZ shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $17.00 price target on shares of Core Scientific in a research note on Tuesday, September 10th. Roth Mkm initiated coverage on shares of Core Scientific in a research report on Friday, November 15th. They issued a “buy” rating and a $25.50 price target on the stock. HC Wainwright boosted their price target on Core Scientific from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Roth Capital raised Core Scientific to a “strong-buy” rating in a research note on Thursday, November 14th. Finally, Compass Point boosted their price objective on shares of Core Scientific from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Thirteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Core Scientific presently has an average rating of “Buy” and an average target price 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.