Core Scientific, Inc. (NASDAQ:CORZ) Insider Sells $68,744.19 in Stock

Core Scientific, Inc. (NASDAQ:CORZ) insider Todd M. Duchene sold 7,321 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $9.39, for a total value of $68,744.19. Following the completion of the transaction, the insider now owns 359,877 shares in the company, valued at $3,379,245.03. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Core Scientific Trading Down 3.8 %

Shares of NASDAQ CORZ traded down $0.38 during midday trading on Thursday, reaching $9.57. 12,998,518 shares of the stock were exchanged, compared to its average volume of 6,305,686. Core Scientific, Inc. has a 12 month low of $2.61 and a 12 month high of $10.70. The business has a 50-day simple moving average of $5.51 and a two-hundred day simple moving average of $3.66.

Core Scientific (NASDAQ:CORZ) last posted its earnings results on Wednesday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.14. The business had revenue of $179.29 million during the quarter, compared to analyst estimates of $139.60 million. Equities research analysts predict that Core Scientific, Inc. will post -0.17 EPS for the current year.

Institutional Trading of Core Scientific

A number of large investors have recently bought and sold shares of CORZ. Aspect Partners LLC acquired a new position in shares of Core Scientific during the first quarter worth about $29,000. Hexagon Capital Partners LLC bought a new position in shares of Core Scientific during the 1st quarter worth approximately $34,000. Lindbrook Capital LLC acquired a new stake in shares of Core Scientific in the first quarter valued at approximately $65,000. Fiduciary Alliance LLC bought a new position in Core Scientific in the first quarter valued at $84,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in Core Scientific in the 1st quarter valued at $122,000.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CORZ. HC Wainwright raised their target price on shares of Core Scientific from $5.00 to $11.00 and gave the company a “buy” rating in a research note on Tuesday. BTIG Research upped their price objective on Core Scientific from $10.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday.

Core Scientific Company Profile

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.