Core Scientific, Inc. $CORZ Shares Sold by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. lowered its position in shares of Core Scientific, Inc. (NASDAQ:CORZ) by 38.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 139,850 shares of the company’s stock after selling 86,544 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Core Scientific were worth $2,036,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP boosted its position in Core Scientific by 206.5% during the third quarter. Allworth Financial LP now owns 1,410 shares of the company’s stock worth $25,000 after acquiring an additional 950 shares during the last quarter. Larson Financial Group LLC boosted its position in Core Scientific by 936.7% during the fourth quarter. Larson Financial Group LLC now owns 1,866 shares of the company’s stock worth $27,000 after acquiring an additional 1,686 shares during the last quarter. Osaic Holdings Inc. boosted its position in Core Scientific by 112.1% during the second quarter. Osaic Holdings Inc. now owns 2,017 shares of the company’s stock worth $34,000 after acquiring an additional 1,066 shares during the last quarter. Danske Bank A S acquired a new position in shares of Core Scientific in the 4th quarter valued at $36,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Core Scientific by 61.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,942 shares of the company’s stock valued at $67,000 after purchasing an additional 1,507 shares during the last quarter.

Core Scientific Stock Up 1.1%

Shares of CORZ opened at $23.18 on Thursday. The firm has a market cap of $7.37 billion, a PE ratio of -20.33 and a beta of 5.45. The company’s fifty day moving average is $19.05 and its two-hundred day moving average is $17.75. Core Scientific, Inc. has a fifty-two week low of $10.40 and a fifty-two week high of $25.17.

Core Scientific (NASDAQ:CORZ) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($1.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($1.04). The business had revenue of $115.24 million for the quarter, compared to the consensus estimate of $117.04 million. The firm’s revenue was up 44.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 EPS. As a group, equities research analysts anticipate that Core Scientific, Inc. will post 0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. BTIG Research lifted their price target on shares of Core Scientific from $23.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Core Scientific in a report on Monday, April 20th. Canaccord Genuity Group set a $30.00 price target on shares of Core Scientific in a report on Friday, May 8th. Jefferies Financial Group lifted their price target on shares of Core Scientific from $24.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Finally, Needham & Company LLC lifted their price target on shares of Core Scientific from $23.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.14.

Insider Buying and Selling at Core Scientific

In related news, insider Todd M. Duchene sold 10,000 shares of Core Scientific stock in a transaction on Monday, May 4th. The shares were sold at an average price of $20.86, for a total transaction of $208,600.00. Following the transaction, the insider owned 1,980,348 shares in the company, valued at approximately $41,310,059.28. The trade was a 0.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 50,000 shares of company stock worth $933,400. Insiders own 1.70% of the company’s stock.

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.