Core Scientific, Inc. (NASDAQ:CORZ) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC increased its stake in shares of Core Scientific, Inc. (NASDAQ:CORZ) by 129.1% during the 3rd quarter, Holdings Channel reports. The fund owned 103,583 shares of the company’s stock after purchasing an additional 58,365 shares during the quarter. MetLife Investment Management LLC’s holdings in Core Scientific were worth $1,228,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. P Schoenfeld Asset Management LP acquired a new stake in Core Scientific during the second quarter worth about $4,185,000. Highland Peak Capital LLC grew its holdings in Core Scientific by 37.9% during the third quarter. Highland Peak Capital LLC now owns 413,584 shares of the company’s stock worth $4,905,000 after acquiring an additional 113,584 shares during the period. Mirabella Financial Services LLP acquired a new stake in Core Scientific during the third quarter worth about $18,383,000. Vanguard Group Inc. acquired a new stake in Core Scientific during the first quarter worth about $21,973,000. Finally, Van ECK Associates Corp grew its holdings in Core Scientific by 22.9% during the third quarter. Van ECK Associates Corp now owns 1,616,944 shares of the company’s stock worth $19,177,000 after acquiring an additional 300,942 shares during the period.

Insider Buying and Selling

In related news, Director Yadin Rozov sold 105,000 shares of Core Scientific stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $18.11, for a total transaction of $1,901,550.00. Following the transaction, the director now owns 345,239 shares in the company, valued at approximately $6,252,278.29. This trade represents a 23.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Todd M. Duchene sold 25,000 shares of Core Scientific stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $17.10, for a total value of $427,500.00. Following the transaction, the insider now owns 1,661,474 shares in the company, valued at approximately $28,411,205.40. The trade was a 1.48 % decrease in their position. The disclosure for this sale can be found here. 32.00% of the stock is currently owned by company insiders.

Core Scientific Stock Performance

Shares of Core Scientific stock opened at $16.99 on Friday. Core Scientific, Inc. has a one year low of $2.61 and a one year high of $18.63. The company has a market cap of $4.74 billion and a price-to-earnings ratio of -3.14. The business’s 50 day moving average price is $14.70 and its 200 day moving average price is $11.27.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $17.00 target price on shares of Core Scientific in a report on Tuesday, September 10th. Canaccord Genuity Group initiated coverage on Core Scientific in a report on Monday, September 23rd. They issued a “buy” rating and a $16.00 price objective on the stock. Macquarie raised their price objective on Core Scientific from $16.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $20.00 price objective on shares of Core Scientific in a report on Thursday, October 3rd. Finally, Roth Mkm initiated coverage on Core Scientific in a report on Friday, November 15th. They issued a “buy” rating and a $25.50 price objective on the stock. Thirteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $18.38.

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.