Victory Capital Management Inc. Has $420,000 Stock Holdings in Core Scientific, Inc. (NASDAQ:CORZ)

Victory Capital Management Inc. boosted its position in Core Scientific, Inc. (NASDAQ:CORZ) by 12.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,890 shares of the company’s stock after buying an additional 3,257 shares during the quarter. Victory Capital Management Inc.’s holdings in Core Scientific were worth $420,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in Core Scientific by 25.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 98,077 shares of the company’s stock valued at $1,378,000 after purchasing an additional 20,000 shares in the last quarter. Mirabella Financial Services LLP bought a new position in Core Scientific in the third quarter valued at approximately $18,383,000. Capstone Investment Advisors LLC grew its stake in Core Scientific by 113.4% in the third quarter. Capstone Investment Advisors LLC now owns 55,000 shares of the company’s stock valued at $652,000 after purchasing an additional 29,230 shares in the last quarter. Seldon Capital LP bought a new position in Core Scientific in the third quarter valued at approximately $3,530,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Core Scientific by 44.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,932,462 shares of the company’s stock valued at $22,919,000 after purchasing an additional 590,946 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have weighed in on CORZ shares. BTIG Research raised their price target on Core Scientific from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Craig Hallum started coverage on Core Scientific in a research note on Tuesday, January 21st. They issued a “buy” rating and a $24.00 price target for the company. HC Wainwright restated a “buy” rating and issued a $17.00 price target on shares of Core Scientific in a research note on Tuesday, March 11th. Compass Point reduced their target price on Core Scientific from $26.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods assumed coverage on Core Scientific in a research note on Monday, January 27th. They set an “outperform” rating and a $22.00 target price for the company. Fifteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Core Scientific currently has a consensus rating of “Buy” and an average price target of $19.07.

Core Scientific Price Performance

CORZ opened at $8.51 on Friday. The business has a fifty day simple moving average of $11.50 and a 200 day simple moving average of $13.16. The company has a market capitalization of $2.50 billion, a PE ratio of -1.57 and a beta of 6.83. Core Scientific, Inc. has a 1 year low of $2.61 and a 1 year high of $18.63.

Core Scientific (NASDAQ:CORZ) last released its quarterly earnings results on Wednesday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.09. The firm had revenue of $94.93 million during the quarter, compared to the consensus estimate of $97.07 million. Equities analysts anticipate that Core Scientific, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Activity at Core Scientific

In other Core Scientific news, CEO Adam Taylor Sullivan sold 88,380 shares of Core Scientific stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $14.24, for a total value of $1,258,531.20. Following the completion of the transaction, the chief executive officer now directly owns 4,128,505 shares of the company’s stock, valued at $58,789,911.20. The trade was a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Todd M. Duchene sold 129,861 shares of Core Scientific stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $14.24, for a total value of $1,849,220.64. Following the completion of the transaction, the insider now directly owns 2,051,649 shares of the company’s stock, valued at $29,215,481.76. This represents a 5.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 748,282 shares of company stock worth $10,978,104 in the last ninety days. 32.00% of the stock is owned by company insiders.

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.