Insider Selling: 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 company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $9.39, for a total transaction of $68,744.19. Following the completion of the transaction, the insider now owns 359,877 shares of the company’s stock, valued at approximately $3,379,245.03. The sale was disclosed in a filing with the SEC, which is available at this link.

Core Scientific Trading Down 2.6 %

CORZ stock opened at $9.30 on Friday. The company has a fifty day moving average price of $5.77 and a 200 day moving average price of $3.79. Core Scientific, Inc. has a 12 month low of $2.61 and a 12 month high of $10.70.

Core Scientific (NASDAQ:CORZ) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.05 by $0.14. The business had revenue of $179.29 million during the quarter, compared to analysts’ expectations of $139.60 million. Analysts forecast that Core Scientific, Inc. will post -0.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CORZ shares. BTIG Research upped their target price on shares of Core Scientific from $10.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday. HC Wainwright upped their target price on shares of Core Scientific from $5.00 to $11.00 and gave the company a “buy” rating in a report on Tuesday, June 25th.

Hedge Funds Weigh In On Core Scientific

Large investors have recently bought and sold shares of the company. Aspect Partners LLC purchased a new position in Core Scientific during the 1st quarter worth $29,000. Kensico Capital Management Corp purchased a new position in Core Scientific during the 1st quarter worth $18,513,000. Vident Advisory LLC purchased a new position in Core Scientific during the 1st quarter worth $4,047,000. Blair William & Co. IL purchased a new position in Core Scientific during the 1st quarter worth $1,156,000. Finally, Anson Funds Management LP purchased a new position in Core Scientific during the 1st quarter worth $1,000,000.

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.