Core Scientific, Inc. (NASDAQ:CORZ) Shares Sold by XTX Topco Ltd

XTX Topco Ltd cut its holdings in shares of Core Scientific, Inc. (NASDAQ:CORZ) by 6.8% during the third quarter, HoldingsChannel.com reports. The firm owned 24,307 shares of the company’s stock after selling 1,781 shares during the period. XTX Topco Ltd’s holdings in Core Scientific were worth $288,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CORZ. Silverleafe Capital Partners LLC acquired a new position in shares of Core Scientific during the second quarter worth $158,000. Calamos Advisors LLC acquired a new position in shares of Core Scientific during the second quarter worth $294,000. Bank of New York Mellon Corp increased its position in shares of Core Scientific by 3,236.0% during the second quarter. Bank of New York Mellon Corp now owns 674,043 shares of the company’s stock worth $6,269,000 after purchasing an additional 653,838 shares in the last quarter. Legato Capital Management LLC acquired a new position in shares of Core Scientific during the second quarter worth $329,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Core Scientific during the second quarter worth $2,324,000.

Core Scientific Stock Performance

NASDAQ:CORZ opened at $16.03 on Wednesday. Core Scientific, Inc. has a one year low of $2.61 and a one year high of $18.63. The firm has a market cap of $4.48 billion and a price-to-earnings ratio of -2.96. The firm’s fifty day moving average is $15.17 and its two-hundred day moving average is $11.83.

Insider Buying and Selling at Core Scientific

In other news, insider Todd M. Duchene sold 25,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $17.10, for a total transaction of $427,500.00. Following the sale, the insider now directly owns 1,661,474 shares of the company’s stock, valued at $28,411,205.40. This represents a 1.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Yadin Rozov sold 105,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 345,239 shares in the company, valued at approximately $6,252,278.29. The trade was a 23.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Needham & Company LLC upped their price target on Core Scientific from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. HC Wainwright upped their target price on Core Scientific from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Macquarie upped their target price on Core Scientific from $16.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. BTIG Research upped their target price on Core Scientific from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday. Finally, Roth Mkm assumed coverage on Core Scientific in a research report on Friday, November 15th. They issued a “buy” rating and a $25.50 target price on the stock. Thirteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $18.46.

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.