Calamos Advisors LLC Purchases New Position in Core Scientific, Inc. (NASDAQ:CORZ)

Calamos Advisors LLC purchased a new position in shares of Core Scientific, Inc. (NASDAQ:CORZ) during the fourth quarter, Holdings Channel reports. The firm purchased 100,030 shares of the company’s stock, valued at approximately $1,405,000.

Several other institutional investors also recently bought and sold shares of the business. The Manufacturers Life Insurance Company purchased a new position in shares of Core Scientific during the 2nd quarter valued at approximately $598,000. Sanctuary Advisors LLC purchased a new position in Core Scientific during the second quarter valued at $140,000. Hexagon Capital Partners LLC grew its position in shares of Core Scientific by 217.4% in the third quarter. Hexagon Capital Partners LLC now owns 18,163 shares of the company’s stock valued at $215,000 after purchasing an additional 12,441 shares during the period. LifePro Asset Management purchased a new stake in shares of Core Scientific during the third quarter worth about $2,019,000. Finally, Shikiar Asset Management Inc. acquired a new position in shares of Core Scientific during the 3rd quarter worth about $889,000.

Core Scientific Price Performance

Shares of NASDAQ CORZ opened at $12.21 on Wednesday. Core Scientific, Inc. has a 1 year low of $2.61 and a 1 year high of $18.63. The company has a market capitalization of $3.41 billion and a P/E ratio of -2.26. The company has a 50 day simple moving average of $14.81 and a 200-day simple moving average of $13.07.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on CORZ shares. Keefe, Bruyette & Woods assumed coverage on Core Scientific in a report on Monday, January 27th. They issued an “outperform” rating and a $22.00 price objective on the stock. Roth Mkm assumed coverage on Core Scientific in a research report on Friday, November 15th. They set a “buy” rating and a $25.50 price target for the company. Craig Hallum initiated coverage on Core Scientific in a report on Tuesday, January 21st. They issued a “buy” rating and a $24.00 price objective on the stock. Macquarie upped their target price on shares of Core Scientific from $16.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Finally, Jefferies Financial Group began coverage on shares of Core Scientific in a research note on Monday, October 28th. They issued a “buy” rating and a $19.00 price target on the stock. Fifteen 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 data from MarketBeat.com, Core Scientific presently has a consensus rating of “Buy” and an average price target of $19.07.

Insider Buying and Selling

In related news, Director Yadin Rozov sold 105,000 shares of Core Scientific 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 sale, the director now owns 345,239 shares in the company, valued at approximately $6,252,278.29. This trade represents a 23.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Todd M. Duchene sold 25,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $17.10, for a total value of $427,500.00. Following the transaction, the insider now owns 1,661,474 shares in the company, 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. In the last ninety days, insiders sold 744,032 shares of company stock valued at $11,863,966.

Core Scientific Company Profile

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.