Core Scientific, Inc. $CORZ Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its stake in Core Scientific, Inc. (NASDAQ:CORZ) by 93.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 2,335 shares of the company’s stock after selling 31,734 shares during the period. Public Employees Retirement System of Ohio’s holdings in Core Scientific were worth $35,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP increased 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 buying an additional 950 shares in the last quarter. Larson Financial Group LLC boosted its stake 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 during the last quarter. Osaic Holdings Inc. boosted its stake 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 during the last quarter. Danske Bank A S purchased a new stake in Core Scientific during the 4th quarter worth about $36,000. Finally, PNC Financial Services Group Inc. increased its position in Core Scientific by 41.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,396 shares of the company’s stock worth $66,000 after purchasing an additional 1,285 shares in the last quarter.

Analyst Ratings Changes

Several research analysts recently weighed in on CORZ shares. Compass Point reissued a “buy” rating and issued a $36.00 target price on shares of Core Scientific in a research note on Wednesday, July 29th. B. Riley Financial lifted their price target on shares of Core Scientific from $33.00 to $42.00 and gave the stock a “buy” rating in a report on Monday. Capital One Financial set a $33.00 price objective on shares of Core Scientific in a research report on Thursday, July 30th. Loop Capital set a $40.00 price objective on shares of Core Scientific in a research note on Friday, June 12th. Finally, Keefe, Bruyette & Woods upgraded shares of Core Scientific from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $25.00 to $28.00 in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Core Scientific has an average rating of “Moderate Buy” and a consensus price target of $32.18.

Core Scientific Stock Performance

Core Scientific stock opened at $21.05 on Friday. Core Scientific, Inc. has a 1 year low of $13.14 and a 1 year high of $30.46. The firm has a 50 day moving average price of $24.71 and a 200 day moving average price of $20.95. The company has a market cap of $6.76 billion, a price-to-earnings ratio of -4.76 and a beta of 5.59.

Core Scientific (NASDAQ:CORZ) last issued its quarterly earnings results on Tuesday, July 28th. The company reported ($3.32) EPS for the quarter, missing the consensus estimate of ($0.06) by ($3.26). The company had revenue of $164.20 million for the quarter, compared to analysts’ expectations of $144.83 million. Sell-side analysts predict that Core Scientific, Inc. will post -1.36 EPS for the current year.

Insider Activity

In other news, insider Todd M. Duchene sold 10,000 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $22.23, for a total transaction of $222,300.00. Following the completion of the sale, the insider directly owned 1,979,101 shares in the company, valued at $43,995,415.23. This represents a 0.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders have sold 90,000 shares of company stock worth $2,248,600. 1.70% of the stock is owned by insiders.

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.