ORG Wealth Partners LLC Acquires 26,649 Shares of Core Scientific, Inc. (NASDAQ:CORZ)

ORG Wealth Partners LLC lifted its holdings in shares of Core Scientific, Inc. (NASDAQ:CORZ) by 0.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,986,651 shares of the company’s stock after acquiring an additional 26,649 shares during the period. Core Scientific makes up about 44.4% of ORG Wealth Partners LLC’s investment portfolio, making the stock its biggest position. ORG Wealth Partners LLC owned 3.22% of Core Scientific worth $126,262,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. P Schoenfeld Asset Management LP acquired a new position in Core Scientific during the 2nd quarter valued at about $4,185,000. Mirabella Financial Services LLP acquired a new position in Core Scientific in the third quarter valued at about $18,383,000. Highland Peak Capital LLC increased its stake in shares of Core Scientific by 37.9% in the 3rd quarter. Highland Peak Capital LLC now owns 413,584 shares of the company’s stock valued at $4,905,000 after acquiring an additional 113,584 shares during the last quarter. Van ECK Associates Corp boosted its stake in Core Scientific by 22.9% during the 3rd 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 last quarter. Finally, Capstone Investment Advisors LLC boosted its stake in Core Scientific by 113.4% during the 3rd quarter. Capstone Investment Advisors LLC now owns 55,000 shares of the company’s stock worth $652,000 after acquiring an additional 29,230 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CORZ. Canaccord Genuity Group reiterated a “buy” rating and issued a $17.00 target price on shares of Core Scientific in a report on Thursday, November 7th. Needham & Company LLC boosted their target price on Core Scientific from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. BTIG Research lifted their price objective on Core Scientific from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, December 16th. B. Riley increased their target price on Core Scientific from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Roth Capital raised shares of Core Scientific to a “strong-buy” rating in a research note on Thursday, November 14th. Thirteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $18.46.

Core Scientific Trading Down 3.5 %

CORZ stock traded down $0.49 during trading hours on Friday, hitting $13.56. 3,568,995 shares of the stock were exchanged, compared to its average volume of 8,715,480. The company has a 50-day simple moving average of $15.64 and a two-hundred day simple moving average of $12.57. The firm has a market capitalization of $3.79 billion and a P/E ratio of -2.51. Core Scientific, Inc. has a 12 month low of $2.61 and a 12 month high of $18.63.

Insider Buying and Selling at Core Scientific

In related news, CEO Adam Taylor Sullivan sold 88,380 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was 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 directly owns 4,128,505 shares in the company, valued at $58,789,911.20. This represents a 2.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Todd M. Duchene sold 129,861 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $14.24, for a total value of $1,849,220.64. Following the transaction, the insider now directly owns 2,051,649 shares of the company’s stock, valued at approximately $29,215,481.76. The trade was a 5.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 348,241 shares of company stock valued at $5,436,802 in the last quarter. Company insiders own 32.00% of the company’s stock.

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.