Victory Capital Management Inc. Has $316,000 Stake in Core Scientific, Inc. (NASDAQ:CORZ)

Victory Capital Management Inc. raised its position in Core Scientific, Inc. (NASDAQ:CORZ) by 41.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,633 shares of the company’s stock after purchasing an additional 7,814 shares during the quarter. Victory Capital Management Inc.’s holdings in Core Scientific were worth $316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CORZ. Vanguard Group Inc. acquired a new stake in shares of Core Scientific in the 1st quarter valued at about $21,973,000. Rise Advisors LLC acquired a new stake in shares of Core Scientific in the 2nd quarter valued at about $65,000. SG Americas Securities LLC acquired a new stake in shares of Core Scientific in the 2nd quarter valued at about $1,792,000. ORG Partners LLC acquired a new stake in shares of Core Scientific in the 2nd quarter valued at about $872,000. Finally, Red Door Wealth Management LLC acquired a new stake in shares of Core Scientific in the 2nd quarter valued at about $218,000.

Insider Transactions at Core Scientific

In other news, Director Yadin Rozov sold 105,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $18.11, for a total transaction of $1,901,550.00. Following the completion of the sale, the director now owns 345,239 shares in the company, valued at $6,252,278.29. The trade was a 23.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jarrod M. Patten acquired 5,021 shares of Core Scientific stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average price of $9.68 per share, with a total value of $48,603.28. Following the acquisition, the director now owns 285,760 shares of the company’s stock, valued at approximately $2,766,156.80. This trade represents a 1.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 32.00% of the company’s stock.

Wall Street Analyst Weigh In

CORZ has been the topic of a number of recent research reports. Roth Capital raised Core Scientific to a “strong-buy” rating in a research report on Thursday, November 14th. B. Riley lifted their target price on Core Scientific from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. HC Wainwright lifted their target price on Core Scientific from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Roth Mkm initiated coverage on Core Scientific in a research report on Friday, November 15th. They issued a “buy” rating and a $25.50 target price on the stock. Finally, Needham & Company LLC lifted their target price on Core Scientific from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Thirteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $18.38.

Core Scientific Stock Up 1.0 %

Shares of NASDAQ CORZ opened at $17.88 on Friday. The business’s 50 day moving average price is $14.27 and its two-hundred day moving average price is $10.81. The company has a market cap of $4.99 billion and a PE ratio of -3.30. Core Scientific, Inc. has a twelve month low of $2.61 and a twelve month high of $18.63.

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.