Moody Aldrich Partners LLC Invests $4.85 Million in Core Scientific, Inc. (NASDAQ:CORZ)

Moody Aldrich Partners LLC purchased a new position in shares of Core Scientific, Inc. (NASDAQ:CORZ) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 345,389 shares of the company’s stock, valued at approximately $4,853,000. Moody Aldrich Partners LLC owned 0.12% of Core Scientific as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CORZ. Sunbelt Securities Inc. acquired a new stake in Core Scientific during the second quarter worth about $33,000. Rise Advisors LLC increased its position in shares of Core Scientific by 14.3% in the third quarter. Rise Advisors LLC now owns 8,000 shares of the company’s stock worth $95,000 after acquiring an additional 1,000 shares in the last quarter. Xponance Inc. acquired a new position in shares of Core Scientific in the 2nd quarter valued at about $104,000. KBC Group NV purchased a new position in Core Scientific in the fourth quarter valued at about $114,000. Finally, Amalgamated Bank acquired a new position in Core Scientific during the second quarter worth $115,000.

Insider Buying and Selling

In related news, Director Yadin Rozov sold 105,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $18.11, for a total value of $1,901,550.00. Following the completion of the sale, the director now owns 345,239 shares of the company’s stock, valued at approximately $6,252,278.29. This represents a 23.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Adam Taylor Sullivan sold 88,380 shares of Core Scientific stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $14.24, for a total transaction of $1,258,531.20. Following the completion of the sale, the chief executive officer now owns 4,128,505 shares of the company’s stock, valued at $58,789,911.20. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 744,032 shares of company stock worth $11,863,966 in the last ninety days. 32.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CORZ. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $20.00 target price on shares of Core Scientific in a report on Thursday, October 3rd. Jefferies Financial Group initiated coverage on Core Scientific in a report on Monday, October 28th. They set a “buy” rating and a $19.00 target price on the stock. BTIG Research boosted their price objective on shares of Core Scientific from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Roth Mkm initiated coverage on Core Scientific in a research report on Friday, November 15th. They issued a “buy” rating and a $25.50 price target on the stock. Finally, Craig Hallum began coverage on shares of Core Scientific in a research note on Tuesday, January 21st. They issued a “buy” rating and a $24.00 target price for the company. Fifteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $19.07.

Core Scientific Stock Up 0.3 %

NASDAQ CORZ opened at $11.31 on Wednesday. Core Scientific, Inc. has a 52 week low of $2.61 and a 52 week high of $18.63. The stock’s 50-day moving average price is $15.37 and its 200-day moving average price is $13.03.

Core Scientific (NASDAQ:CORZ) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The company had revenue of $95.35 million during the quarter, compared to the consensus estimate of $94.80 million. On average, research analysts anticipate that Core Scientific, Inc. will post 0.5 EPS for the current fiscal year.

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.