BIT Capital GmbH Has $4.49 Million Stake in Core Scientific, Inc. $CORZ

BIT Capital GmbH trimmed its position in Core Scientific, Inc. (NASDAQ:CORZ) by 47.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 250,353 shares of the company’s stock after selling 224,864 shares during the period. BIT Capital GmbH owned approximately 0.08% of Core Scientific worth $4,491,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. HHM Wealth Advisors LLC raised its holdings in shares of Core Scientific by 96.5% in the second quarter. HHM Wealth Advisors LLC now owns 1,926 shares of the company’s stock valued at $33,000 after purchasing an additional 946 shares during the last quarter. Osaic Holdings Inc. grew its position in Core Scientific by 112.1% in the second quarter. Osaic Holdings Inc. now owns 2,017 shares of the company’s stock valued at $34,000 after purchasing an additional 1,066 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Core Scientific by 68.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,690 shares of the company’s stock worth $46,000 after buying an additional 1,092 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Core Scientific by 396.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,731 shares of the company’s stock worth $64,000 after buying an additional 2,980 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Core Scientific by 61.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,942 shares of the company’s stock valued at $67,000 after acquiring an additional 1,507 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have weighed in on CORZ shares. Keefe, Bruyette & Woods raised their price target on Core Scientific from $19.00 to $25.00 and gave the company a “moderate buy” rating in a research note on Tuesday, January 27th. Craig Hallum set a $27.00 target price on shares of Core Scientific in a report on Friday, October 31st. Citigroup upgraded shares of Core Scientific from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Sanford C. Bernstein upped their target price on shares of Core Scientific from $17.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Finally, BTIG Research upgraded Core Scientific from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.21.

Core Scientific Stock Performance

CORZ opened at $17.98 on Friday. The stock has a fifty day moving average of $16.97 and a 200-day moving average of $16.76. Core Scientific, Inc. has a fifty-two week low of $6.20 and a fifty-two week high of $23.63. The company has a market capitalization of $5.57 billion, a P/E ratio of 119.87 and a beta of 6.86.

About Core Scientific

Core Scientific, Inc (NASDAQ: CORZ) is a leading provider of large-scale blockchain infrastructure and digital asset mining services. The company develops, owns and operates high-performance data centers optimized for the mining of Bitcoin and other proof-of-work cryptocurrencies. In addition to its core mining operations, Core Scientific offers colocation, hosting and managed services designed to support institutional clients and enterprise users in deploying and scaling blockchain nodes and computing hardware.

Core Scientific’s service portfolio includes hardware procurement, deployment and maintenance, real-time monitoring, power management and network connectivity.