Aspect Partners LLC Grows Position in Core Scientific, Inc. (NASDAQ:CORZ)

Aspect Partners LLC raised its position in Core Scientific, Inc. (NASDAQ:CORZ) by 328.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,678 shares of the company’s stock after acquiring an additional 27,360 shares during the quarter. Aspect Partners LLC’s holdings in Core Scientific were worth $423,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new stake in shares of Core Scientific during the 2nd quarter worth about $28,000. Sunbelt Securities Inc. acquired a new stake in Core Scientific during the second quarter worth approximately $33,000. Hexagon Capital Partners LLC purchased a new stake in shares of Core Scientific during the 1st quarter worth approximately $34,000. Rise Advisors LLC acquired a new stake in Core Scientific during the 2nd quarter worth $65,000. Finally, Fiduciary Alliance LLC purchased a new position in Core Scientific during the 1st quarter worth approximately $84,000.

Wall Street Analysts Forecast Growth

CORZ has been the topic of a number of recent research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $20.00 price objective on shares of Core Scientific in a research note on Thursday, October 3rd. Macquarie initiated coverage on Core Scientific in a research note on Wednesday, September 25th. They set an “outperform” rating and a $16.00 price objective for the company. HC Wainwright lifted their target price on Core Scientific from $11.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Canaccord Genuity Group started coverage on Core Scientific in a research note on Monday, September 23rd. They set a “buy” rating and a $16.00 price target for the company. Finally, BTIG Research lifted their price objective on shares of Core Scientific from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, Core Scientific currently has a consensus rating of “Buy” and an average price target of $15.27.

Insider Buying and Selling at Core Scientific

In other news, CFO Denise Marie Brucia Sterling sold 8,752 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $9.41, for a total value of $82,356.32. Following the sale, the chief financial officer now directly owns 122,217 shares in the company, valued at $1,150,061.97. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Core Scientific news, Director Jarrod M. Patten acquired 4,000 shares of the stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average price of $9.70 per share, with a total value of $38,800.00. Following the completion of the transaction, the director now directly owns 279,239 shares in the company, valued at approximately $2,708,618.30. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Denise Marie Brucia Sterling sold 8,752 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $9.41, for a total value of $82,356.32. Following the transaction, the chief financial officer now owns 122,217 shares in the company, valued at $1,150,061.97. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 12,761 shares of company stock worth $127,080. 32.00% of the stock is owned by insiders.

Core Scientific Stock Performance

NASDAQ CORZ traded up $0.06 during mid-day trading on Tuesday, hitting $13.03. The stock had a trading volume of 6,103,596 shares, compared to its average volume of 8,567,853. The company has a 50 day simple moving average of $10.90 and a 200 day simple moving average of $8.07. Core Scientific, Inc. has a 52-week low of $2.61 and a 52-week high of $13.42.

Core Scientific (NASDAQ:CORZ) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($4.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($4.47). The firm had revenue of $141.10 million during the quarter, compared to analyst estimates of $128.58 million. Core Scientific’s quarterly revenue was up 11.2% on a year-over-year basis. Sell-side analysts expect that Core Scientific, Inc. will post 0.01 EPS for the current fiscal year.

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.