Summit Trail Advisors LLC purchased a new stake in Core Scientific, Inc. (NASDAQ:CORZ – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 694,079 shares of the company’s stock, valued at approximately $6,455,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise acquired a new stake in Core Scientific during the 2nd quarter worth $28,000. Rise Advisors LLC acquired a new stake in shares of Core Scientific during the second quarter worth about $65,000. Aspect Partners LLC purchased a new stake in shares of Core Scientific in the 1st quarter valued at about $29,000. Hexagon Capital Partners LLC purchased a new stake in shares of Core Scientific in the 1st quarter valued at about $34,000. Finally, Divisadero Street Capital Management LP acquired a new stake in shares of Core Scientific in the 2nd quarter valued at about $93,000.
Insider Transactions at Core Scientific
In related news, Director Jarrod M. Patten acquired 5,021 shares of Core Scientific stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of $9.68 per share, for a total transaction of $48,603.28. Following the completion of the purchase, the director now directly owns 285,760 shares of the company’s stock, valued at $2,766,156.80. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Todd M. Duchene sold 11,582 shares of Core Scientific stock in a transaction on Friday, August 16th. The stock was sold at an average price of $9.41, for a total transaction of $108,986.62. Following the completion of the transaction, the insider now owns 1,686,474 shares of the company’s stock, valued at approximately $15,869,720.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jarrod M. Patten acquired 5,021 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average cost of $9.68 per share, for a total transaction of $48,603.28. Following the completion of the purchase, the director now owns 285,760 shares in the company, valued at approximately $2,766,156.80. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 12,761 shares of company stock valued at $127,080 and have sold 27,655 shares valued at $260,087. Corporate insiders own 32.00% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Report on Core Scientific
Core Scientific Trading Up 3.2 %
NASDAQ CORZ opened at $11.98 on Friday. The business’s 50 day moving average is $10.19 and its two-hundred day moving average is $7.02. Core Scientific, Inc. has a 12-month low of $2.61 and a 12-month high of $12.63.
Core Scientific (NASDAQ:CORZ – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($4.51) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($4.47). The company had revenue of $141.10 million during the quarter, compared to analysts’ expectations of $128.58 million. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. Research analysts anticipate that Core Scientific, Inc. will post 0.01 earnings per share for the current year.
Core Scientific 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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