Lazard Asset Management LLC lessened its holdings in Core Scientific, Inc. (NASDAQ:CORZ - Free Report) by 83.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,828 shares of the company's stock after selling 93,042 shares during the period. Lazard Asset Management LLC's holdings in Core Scientific were worth $282,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Allworth Financial LP lifted its stake in Core Scientific by 206.5% in the 3rd 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 increased its holdings in shares of Core Scientific by 936.7% in 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 during the period. Osaic Holdings Inc. lifted its position in shares of Core Scientific by 112.1% in the second quarter. Osaic Holdings Inc. now owns 2,017 shares of the company's stock worth $34,000 after purchasing an additional 1,066 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Core Scientific in the fourth quarter worth approximately $36,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Core Scientific by 61.9% during the second quarter. Russell Investments Group Ltd. now owns 3,942 shares of the company's stock worth $67,000 after purchasing an additional 1,507 shares during the period.
Insider Buying and Selling at Core Scientific
In related news, insider Todd M. Duchene sold 10,000 shares of the business's stock in a transaction dated 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 transaction, the insider owned 1,979,101 shares of the company's stock, valued at approximately $43,995,415.23. The trade was a 0.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 90,000 shares of company stock worth $2,248,600. 1.70% of the stock is currently owned by insiders.
Core Scientific Price Performance
Shares of CORZ opened at $21.01 on Friday. The company has a market capitalization of $6.75 billion, a PE ratio of -4.75 and a beta of 5.59. Core Scientific, Inc. has a one year low of $13.14 and a one year high of $30.46. The company's fifty day moving average price is $24.59 and its 200 day moving average price is $20.95.
Core Scientific (NASDAQ:CORZ - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported ($3.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($3.26). The business had revenue of $164.20 million for the quarter, compared to analysts' expectations of $144.83 million. Analysts anticipate that Core Scientific, Inc. will post -1.36 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on CORZ shares. Capital One Financial set a $33.00 price objective on shares of Core Scientific in a research report on Thursday, July 30th. BTIG Research reiterated a "buy" rating and set a $38.00 price target on shares of Core Scientific in a report on Tuesday, July 28th. Keefe, Bruyette & Woods upgraded shares of Core Scientific from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $25.00 to $28.00 in a report on Thursday, July 30th. Sanford C. Bernstein reiterated an "outperform" rating and set a $32.00 price target on shares of Core Scientific in a research note on Wednesday, June 3rd. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Core Scientific in a report on Friday, July 17th. Two equities 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $32.18.
Get Our Latest Stock Report on Core Scientific
Core Scientific Company Profile
(
Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Core Scientific, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Core Scientific wasn't on the list.
While Core Scientific currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
