Core Scientific, Inc. (NASDAQ:CORZ) CFO Denise Marie Brucia Sterling Sells 802 Shares

Core Scientific, Inc. (NASDAQ:CORZ) CFO Denise Marie Brucia Sterling sold 802 shares of Core Scientific stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $15.64, for a total transaction of $12,543.28. Following the sale, the chief financial officer now directly owns 440,028 shares in the company, valued at approximately $6,882,037.92. This trade represents a 0.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Core Scientific Price Performance

CORZ stock opened at $15.98 on Friday. Core Scientific, Inc. has a 12 month low of $2.61 and a 12 month high of $18.63. The company has a market cap of $4.46 billion and a price-to-earnings ratio of -2.95. The company has a fifty day moving average price of $15.56 and a 200 day moving average price of $12.98.

Core Scientific (NASDAQ:CORZ) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). The company had revenue of $95.35 million during the quarter, compared to analysts’ expectations of $94.80 million. As a group, analysts anticipate that Core Scientific, Inc. will post 0.5 earnings per share for the current year.

Hedge Funds Weigh In On Core Scientific

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. purchased a new stake in shares of Core Scientific in the second quarter valued at about $33,000. Rise Advisors LLC boosted its holdings in Core Scientific by 14.3% in the 3rd quarter. Rise Advisors LLC now owns 8,000 shares of the company’s stock valued at $95,000 after purchasing an additional 1,000 shares in the last quarter. Xponance Inc. acquired a new position in Core Scientific during the 2nd quarter worth approximately $104,000. KBC Group NV purchased a new position in shares of Core Scientific during the 4th quarter worth approximately $114,000. Finally, Amalgamated Bank acquired a new stake in shares of Core Scientific in the 2nd quarter valued at approximately $115,000.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CORZ. Roth Mkm began coverage on shares of Core Scientific in a research note on Friday, November 15th. They set a “buy” rating and a $25.50 price objective for the company. Compass Point upped their price target on Core Scientific from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. BTIG Research lifted their price objective on Core Scientific from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, December 16th. HC Wainwright raised their target price 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. Finally, Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of Core Scientific in a report on Friday, January 17th. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $18.86.

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.