Yadin Rozov Sells 105,000 Shares of Core Scientific, Inc. (NASDAQ:CORZ) Stock

Core Scientific, Inc. (NASDAQ:CORZ) Director Yadin Rozov sold 105,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $18.11, for a total transaction of $1,901,550.00. Following the sale, the director now owns 345,239 shares in the company, valued at $6,252,278.29. This represents a 23.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Core Scientific Stock Up 3.9 %

NASDAQ:CORZ opened at $18.23 on Friday. The stock’s fifty day moving average price is $13.52 and its two-hundred day moving average price is $10.22. Core Scientific, Inc. has a 52-week low of $2.61 and a 52-week high of $18.35.

Institutional Trading of Core Scientific

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CORZ. Banque Cantonale Vaudoise bought a new position in shares of Core Scientific in the 2nd quarter valued at about $28,000. Aspect Partners LLC acquired a new position in Core Scientific in the first quarter valued at approximately $29,000. Sunbelt Securities Inc. bought a new position in Core Scientific in the second quarter valued at approximately $33,000. Rise Advisors LLC bought a new stake in shares of Core Scientific during the 2nd quarter valued at $65,000. Finally, Divisadero Street Capital Management LP acquired a new position in shares of Core Scientific in the 2nd quarter valued at $93,000.

Wall Street Analyst Weigh In

CORZ has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $20.00 target price on shares of Core Scientific in a research report on Thursday, October 3rd. BTIG Research raised their price target on shares of Core Scientific from $15.00 to $19.00 and gave the company a “buy” rating in a report on Friday, November 15th. Roth Mkm initiated coverage on Core Scientific in a research report on Friday, November 15th. They issued a “buy” rating and a $25.50 price target for the company. Sanford C. Bernstein reiterated an “outperform” rating and set a $17.00 price target on shares of Core Scientific in a report on Tuesday, September 10th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $17.00 price objective on shares of Core Scientific in a research note on Thursday, November 7th. Thirteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Core Scientific has an average rating of “Buy” and a consensus target price of $18.38.

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.