77,612 Shares in Core Scientific, Inc. $CORZ Acquired by Man Group plc

Man Group plc acquired a new stake in shares of Core Scientific, Inc. (NASDAQ:CORZ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 77,612 shares of the company’s stock, valued at approximately $1,986,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Allworth Financial LP grew its position in Core Scientific by 206.5% in the third quarter. Allworth Financial LP now owns 1,410 shares of the company’s stock worth $25,000 after acquiring an additional 950 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Core Scientific by 936.7% during the 4th quarter. Larson Financial Group LLC now owns 1,866 shares of the company’s stock valued at $27,000 after purchasing an additional 1,686 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of Core Scientific by 112.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,017 shares of the company’s stock valued at $34,000 after purchasing an additional 1,066 shares in the last quarter. Danske Bank A S acquired a new stake in shares of Core Scientific in the 4th quarter valued at $36,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of Core Scientific in the 2nd quarter valued at $36,000.

Insider Activity

In other news, insider Todd M. Duchene sold 10,000 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $19.97, for a total value of $199,700.00. Following the completion of the sale, the insider directly owned 1,969,101 shares of the company’s stock, valued at $39,322,946.97. This represents a 0.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 100,000 shares of company stock worth $2,360,300. 1.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on CORZ shares. Sanford C. Bernstein reissued an “outperform” rating and set a $32.00 target price on shares of Core Scientific in a research report on Wednesday, June 3rd. Compass Point reaffirmed a “buy” rating and issued a $36.00 price target on shares of Core Scientific in a research report on Wednesday, July 29th. Lucid Cap Mkts upgraded Core Scientific to a “strong-buy” rating in a research note on Friday, June 12th. B. Riley Financial increased their price objective on Core Scientific from $33.00 to $42.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Core Scientific in a research note on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.18.

Core Scientific Trading Down 1.4%

Shares of NASDAQ:CORZ opened at $16.07 on Wednesday. The firm has a market capitalization of $5.16 billion, a PE ratio of -3.64 and a beta of 5.50. Core Scientific, Inc. has a 1-year low of $13.14 and a 1-year high of $30.46. The business’s 50 day moving average is $21.33 and its 200-day moving average is $21.01.

Core Scientific (NASDAQ:CORZ) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $144.83 million. On average, sell-side analysts predict that Core Scientific, Inc. will post -1.36 EPS for the current year.

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.