31,928 Shares in Core Scientific, Inc. $CORZ Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in shares of Core Scientific, Inc. (NASDAQ:CORZ) during the second quarter, HoldingsChannel.com reports. The firm purchased 31,928 shares of the company’s stock, valued at approximately $817,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CORZ. Allworth Financial LP lifted its holdings in Core Scientific by 206.5% in the 3rd quarter. Allworth Financial LP now owns 1,410 shares of the company’s stock worth $25,000 after buying an additional 950 shares during the period. CoreCap Advisors LLC purchased a new position in shares of Core Scientific during the second quarter valued at approximately $36,000. Rakuten Securities Inc. purchased a new position in shares of Core Scientific during the second quarter valued at approximately $47,000. Larson Financial Group LLC raised its holdings in shares of Core Scientific by 936.7% during the fourth quarter. Larson Financial Group LLC now owns 1,866 shares of the company’s stock valued at $27,000 after acquiring an additional 1,686 shares in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of Core Scientific by 112.1% during the second quarter. Osaic Holdings Inc. now owns 2,017 shares of the company’s stock valued at $34,000 after acquiring an additional 1,066 shares in the last quarter.

Insider Buying and Selling

In other news, insider Todd M. Duchene sold 10,000 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $19.97, for a total transaction of $199,700.00. Following the sale, the insider owned 1,969,101 shares in the company, valued at approximately $39,322,946.97. The trade was a 0.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 100,000 shares of company stock worth $2,360,300 over the last ninety days. Company insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Core Scientific in a report on Friday, July 17th. Wolfe Research restated a “buy” rating on shares of Core Scientific in a report on Wednesday, July 29th. Compass Point reaffirmed a “buy” rating and issued a $36.00 target price on shares of Core Scientific in a research report on Wednesday, July 29th. Canaccord Genuity Group lifted their target price on shares of Core Scientific from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, B. Riley Financial boosted their price target on shares of Core Scientific from $33.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.18.

Core Scientific Stock Down 6.3%

CORZ opened at $16.51 on Friday. The stock has a market cap of $5.31 billion, a PE ratio of -3.74 and a beta of 5.59. The business has a 50 day moving average of $21.85 and a 200-day moving average of $21.02. Core Scientific, Inc. has a 52 week low of $13.14 and a 52 week high of $30.46.

Core Scientific (NASDAQ:CORZ) last released its quarterly earnings results on Tuesday, July 28th. The company reported ($3.32) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($3.26). The company had revenue of $164.20 million during the quarter, compared to the consensus estimate of $144.83 million. Equities analysts anticipate that Core Scientific, Inc. will post -1.36 EPS for the current 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.