Core Scientific (NASDAQ:CORZ) Trading Up 5.9%

Shares of Core Scientific, Inc. (NASDAQ:CORZ - Get Free Report) were up 5.9% during mid-day trading on Thursday . The stock traded as high as $2.91 and last traded at $2.86. Approximately 508,386 shares were traded during trading, a decline of 84% from the average daily volume of 3,221,217 shares. The stock had previously closed at $2.70.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CORZ shares. HC Wainwright reissued a "buy" rating and set a $5.00 price objective on shares of Core Scientific in a research report on Wednesday, March 13th. Compass Point raised shares of Core Scientific from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $1.00 to $8.50 in a research report on Wednesday, January 31st.

Core Scientific Trading Up 6.7 %

The company's fifty day moving average is $3.46 and its 200 day moving average is $1.95.

Core Scientific (NASDAQ:CORZ - Get Free Report) last announced its quarterly earnings results on Tuesday, March 12th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.17). The business had revenue of $141.93 million for the quarter, compared to analysts' expectations of $133.10 million. Analysts forecast that Core Scientific, Inc. will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling at Core Scientific

In other news, CEO Adam Taylor Sullivan purchased 65,300 shares of the business's stock in a transaction on Friday, March 15th. The stock was purchased at an average price of $3.06 per share, for a total transaction of $199,818.00. Following the completion of the purchase, the chief executive officer now directly owns 93,753 shares in the company, valued at approximately $286,884.18. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Eric Stanton Weiss bought 15,000 shares of the business's stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $3.03 per share, for a total transaction of $45,450.00. Following the purchase, the director now owns 15,000 shares in the company, valued at approximately $45,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam Taylor Sullivan bought 65,300 shares of the business's stock in a transaction dated Friday, March 15th. The shares were bought at an average price of $3.06 per share, with a total value of $199,818.00. Following the purchase, the chief executive officer now owns 93,753 shares in the company, valued at approximately $286,884.18. The disclosure for this purchase can be found here. Corporate insiders own 32.00% of the company's stock.

Institutional Trading of Core Scientific

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in Core Scientific by 14.5% during the third quarter. BlackRock Inc. now owns 16,542,226 shares of the company's stock worth $21,504,000 after acquiring an additional 2,090,976 shares during the period. Vanguard Group Inc. increased its position in Core Scientific by 205.1% during the third quarter. Vanguard Group Inc. now owns 12,275,463 shares of the company's stock worth $15,957,000 after acquiring an additional 8,251,891 shares during the period. State Street Corp increased its position in Core Scientific by 32.3% during the third quarter. State Street Corp now owns 5,502,610 shares of the company's stock worth $7,153,000 after acquiring an additional 1,342,693 shares during the period. Pathstone Family Office LLC increased its position in Core Scientific by 30.6% during the fourth quarter. Pathstone Family Office LLC now owns 2,667,377 shares of the company's stock worth $1,175,000 after acquiring an additional 625,662 shares during the period. Finally, Millennium Management LLC increased its position in Core Scientific by 1,709.2% during the fourth quarter. Millennium Management LLC now owns 2,086,843 shares of the company's stock worth $157,000 after acquiring an additional 1,971,495 shares during the period.

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.