Voya Investment Management LLC Has $8.48 Million Stock Position in Core Scientific, Inc. $CORZ

Voya Investment Management LLC lowered its stake in Core Scientific, Inc. (NASDAQ:CORZ) by 40.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 472,816 shares of the company’s stock after selling 318,276 shares during the period. Voya Investment Management LLC’s holdings in Core Scientific were worth $8,482,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Sanders Morris Harris LLC raised its holdings in shares of Core Scientific by 2,786.5% during the third quarter. Sanders Morris Harris LLC now owns 308,855 shares of the company’s stock worth $5,190,000 after acquiring an additional 298,155 shares during the period. Osaic Holdings Inc. boosted its stake in Core Scientific by 112.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,017 shares of the company’s stock worth $34,000 after purchasing an additional 1,066 shares during the period. Orion Porfolio Solutions LLC increased its holdings in Core Scientific by 12.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 14,773 shares of the company’s stock worth $252,000 after purchasing an additional 1,640 shares in the last quarter. Tactive Advisors LLC acquired a new stake in shares of Core Scientific in the 2nd quarter valued at about $253,000. Finally, Castleark Management LLC acquired a new stake in shares of Core Scientific in the 2nd quarter valued at about $7,648,000.

Insider Buying and Selling

In other news, Director Eric Stanton Weiss purchased 5,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was purchased at an average price of $21.50 per share, for a total transaction of $107,500.00. Following the completion of the purchase, the director directly owned 226,687 shares in the company, valued at $4,873,770.50. The trade was a 2.26% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CORZ shares. Citigroup raised Core Scientific from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Core Scientific in a research note on Wednesday, October 8th. Sanford C. Bernstein raised their price target on shares of Core Scientific from $17.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Macquarie upgraded shares of Core Scientific from a “hold” rating to an “outperform” rating and lifted their price objective for the company from $18.00 to $34.00 in a report on Friday, October 31st. Finally, Roth Capital reissued a “buy” rating on shares of Core Scientific in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Core Scientific currently has an average rating of “Moderate Buy” and a consensus price target of $23.18.

Core Scientific Stock Down 1.9%

CORZ stock opened at $15.49 on Wednesday. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 103.27 and a beta of 6.77. Core Scientific, Inc. has a twelve month low of $6.20 and a twelve month high of $23.63. The business has a 50 day moving average price of $17.52 and a two-hundred day moving average price of $15.74.

Core Scientific (NASDAQ:CORZ) last released its quarterly earnings data on Friday, October 24th. The company reported ($0.46) EPS for the quarter, beating the consensus estimate of ($0.85) by $0.39. The company had revenue of $81.10 million during the quarter, compared to analyst estimates of $107.18 million. On average, equities research analysts anticipate that Core Scientific, Inc. will post 0.52 EPS for the current fiscal year.

About Core Scientific

Core Scientific, Inc (NASDAQ: CORZ) is a leading provider of large-scale blockchain infrastructure and digital asset mining services. The company develops, owns and operates high-performance data centers optimized for the mining of Bitcoin and other proof-of-work cryptocurrencies. In addition to its core mining operations, Core Scientific offers colocation, hosting and managed services designed to support institutional clients and enterprise users in deploying and scaling blockchain nodes and computing hardware.

Core Scientific’s service portfolio includes hardware procurement, deployment and maintenance, real-time monitoring, power management and network connectivity.