Jupiter Topco LLC Buys Shares of 234,117 Core Scientific, Inc. $CORZ

Jupiter Topco LLC purchased a new position in shares of Core Scientific, Inc. (NASDAQ:CORZ) during the second quarter, Holdings Channel.com reports. The fund purchased 234,117 shares of the company’s stock, valued at approximately $5,992,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Canada Pension Plan Investment Board acquired a new stake in shares of Core Scientific during the second quarter worth about $526,000. Nicholas Investment Partners LP acquired a new position in shares of Core Scientific in the second quarter valued at approximately $4,445,000. DSC Meridian Capital LP purchased a new stake in Core Scientific during the 2nd quarter worth approximately $48,755,000. Legal & General Group Plc purchased a new stake in Core Scientific during the 2nd quarter worth approximately $5,288,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Core Scientific during the 2nd quarter worth approximately $4,180,000.

Analyst Ratings Changes

Several equities analysts have commented on the stock. B. Riley Financial raised their price target on shares of Core Scientific from $33.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Compass Point reiterated a “buy” rating and issued a $36.00 target price on shares of Core Scientific in a report on Wednesday, July 29th. Keefe, Bruyette & Woods raised Core Scientific from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $25.00 to $28.00 in a research note on Thursday, July 30th. Capital One Financial set a $33.00 price objective on Core Scientific in a research note on Thursday, July 30th. Finally, Jefferies Financial Group upped their target price on shares of Core Scientific from $24.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Two research 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 MarketBeat, Core Scientific currently has an average rating of “Moderate Buy” and an average target price of $32.18.

Core Scientific Price Performance

Shares of NASDAQ CORZ opened at $16.30 on Tuesday. Core Scientific, Inc. has a 1 year low of $13.14 and a 1 year high of $30.46. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of -3.69 and a beta of 5.59. The business has a 50-day moving average of $21.59 and a two-hundred day moving average of $21.02.

Core Scientific (NASDAQ:CORZ) last issued its earnings results on Tuesday, July 28th. The company reported ($3.32) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($3.26). The firm had revenue of $164.20 million during the quarter, compared to analyst estimates of $144.83 million. As a group, equities research analysts expect that Core Scientific, Inc. will post -1.36 earnings per share for the current year.

Insider Buying and Selling

In other Core Scientific news, insider Todd M. Duchene sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $19.97, for a total transaction of $199,700.00. Following the sale, the insider owned 1,969,101 shares of the company’s stock, valued at approximately $39,322,946.97. This trade represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 100,000 shares of company stock valued at $2,360,300 in the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Core Scientific Company Profile

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.