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 stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $18.11, for a total value of $1,901,550.00. Following the completion of the transaction, the director now directly owns 345,239 shares in the company, valued at $6,252,278.29. This trade represents a 23.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Core Scientific Stock Performance

Shares of NASDAQ:CORZ opened at $18.23 on Friday. Core Scientific, Inc. has a one year low of $2.61 and a one year high of $18.35. The stock has a market capitalization of $5.09 billion and a price-to-earnings ratio of -3.37. The company has a 50-day simple moving average of $13.67 and a 200-day simple moving average of $10.32.

Institutional Trading of Core Scientific

Several institutional investors and hedge funds have recently added to or reduced their stakes in CORZ. ORG Wealth Partners LLC purchased a new position in shares of Core Scientific in the 3rd quarter valued at approximately $106,266,000. Vanguard Group Inc. purchased a new stake in shares of Core Scientific during the first quarter worth approximately $21,973,000. Rush Island Management LP purchased a new position in Core Scientific in the 3rd quarter valued at $32,221,000. Kensico Capital Management Corp acquired a new position in Core Scientific in the 1st quarter valued at $18,513,000. Finally, Taconic Capital Advisors LP raised its position in Core Scientific by 178.7% during the 3rd quarter. Taconic Capital Advisors LP now owns 2,717,462 shares of the company’s stock worth $32,229,000 after buying an additional 1,742,462 shares during the last quarter.

Analysts Set New Price Targets

CORZ has been the subject of several analyst reports. HC Wainwright upped their price objective on Core Scientific from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group initiated coverage on shares of Core Scientific in a research note on Monday, October 28th. They issued a “buy” rating and a $19.00 price target on the stock. Canaccord Genuity Group restated a “buy” rating and set a $17.00 price objective on shares of Core Scientific in a research report on Thursday, November 7th. Compass Point increased their target price on shares of Core Scientific from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Canaccord Genuity Group began coverage on shares of Core Scientific in a research report on Monday, September 23rd. They issued a “buy” rating and a $16.00 price target for the company. Thirteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $18.38.

About Core Scientific

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.