Main Management ETF Advisors LLC Buys New Shares in Core Scientific, Inc. (NASDAQ:CORZ)

Main Management ETF Advisors LLC bought a new stake in shares of Core Scientific, Inc. (NASDAQ:CORZ) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 90,016 shares of the company’s stock, valued at approximately $1,068,000.

A number of other large investors also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in shares of Core Scientific during the 3rd quarter valued at $106,266,000. Vanguard Group Inc. purchased a new position in shares of Core Scientific during the 1st quarter valued at $21,973,000. Parsifal Capital Management LP lifted its stake in Core Scientific by 3.9% in the 3rd quarter. Parsifal Capital Management LP now owns 5,412,825 shares of the company’s stock worth $64,196,000 after purchasing an additional 204,314 shares in the last quarter. State Street Corp lifted its stake in Core Scientific by 17.0% in the 3rd quarter. State Street Corp now owns 4,006,922 shares of the company’s stock worth $47,522,000 after purchasing an additional 583,493 shares in the last quarter. Finally, Taconic Capital Advisors LP lifted its stake in Core Scientific by 178.7% in the 3rd quarter. Taconic Capital Advisors LP now owns 2,717,462 shares of the company’s stock worth $32,229,000 after purchasing an additional 1,742,462 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Macquarie upped their target price on shares of Core Scientific from $16.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. B. Riley upped their target price on shares of Core Scientific from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Sanford C. Bernstein reiterated an “outperform” rating and set a $17.00 price target on shares of Core Scientific in a report on Tuesday, September 10th. Cantor Fitzgerald reiterated an “overweight” rating and set a $20.00 price target on shares of Core Scientific in a report on Thursday, October 3rd. Finally, BTIG Research upped their price target on shares of Core Scientific from $15.00 to $19.00 and gave the company a “buy” rating in a report on Friday, November 15th. Thirteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Core Scientific presently has an average rating of “Buy” and an average target price of $18.38.

Core Scientific Stock Up 0.3 %

Shares of CORZ opened at $16.99 on Friday. The company has a 50 day moving average price of $14.70 and a 200-day moving average price of $11.27. Core Scientific, Inc. has a fifty-two week low of $2.61 and a fifty-two week high of $18.63.

Insiders Place Their Bets

In other Core Scientific news, Director Yadin Rozov sold 105,000 shares of the firm’s stock in a transaction 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 owns 345,239 shares of the company’s stock, valued at approximately $6,252,278.29. This trade represents a 23.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Todd M. Duchene sold 25,000 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $28,411,205.40. This represents a 1.48 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 32.00% of the company’s stock.

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.