Core Scientific, Inc. (NASDAQ:CORZ – Get Free Report) insider Todd M. Duchene sold 11,582 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $9.41, for a total value of $108,986.62. Following the transaction, the insider now directly owns 1,686,474 shares of the company’s stock, valued at approximately $15,869,720.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Core Scientific Stock Up 3.0 %
CORZ stock opened at $10.39 on Tuesday. The stock’s 50 day simple moving average is $9.76 and its 200 day simple moving average is $5.90. Core Scientific, Inc. has a 12-month low of $2.61 and a 12-month high of $12.25.
Core Scientific (NASDAQ:CORZ – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($4.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($4.47). The firm had revenue of $141.10 million during the quarter, compared to analysts’ expectations of $128.58 million. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Core Scientific, Inc. will post 0.51 earnings per share for the current year.
Institutional Trading of Core Scientific
Wall Street Analyst Weigh In
CORZ has been the subject of a number of recent research reports. Sanford C. Bernstein assumed coverage on shares of Core Scientific in a research report on Wednesday, July 10th. They set an “outperform” rating and a $17.00 price target for the company. B. Riley raised Core Scientific from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $0.50 to $13.00 in a research report on Wednesday, July 17th. HC Wainwright raised their price objective on Core Scientific from $11.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. LADENBURG THALM/SH SH reissued a “buy” rating and issued a $14.50 target price on shares of Core Scientific in a report on Tuesday, July 2nd. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $20.00 price target on shares of Core Scientific in a report on Thursday, August 8th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $14.71.
Check Out Our Latest Research Report on Core Scientific
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.
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