BIT Capital GmbH Sells 224,864 Shares of Core Scientific, Inc. $CORZ

BIT Capital GmbH reduced its position in Core Scientific, Inc. (NASDAQ:CORZ) by 47.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 250,353 shares of the company’s stock after selling 224,864 shares during the quarter. BIT Capital GmbH’s holdings in Core Scientific were worth $4,491,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in shares of Core Scientific by 106.1% in the 1st quarter. AQR Capital Management LLC now owns 283,432 shares of the company’s stock valued at $2,052,000 after purchasing an additional 145,905 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Core Scientific by 180.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,109,387 shares of the company’s stock worth $8,032,000 after acquiring an additional 714,388 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Core Scientific in the second quarter worth about $343,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Core Scientific in the 2nd quarter valued at approximately $2,969,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Core Scientific by 192.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,662 shares of the company’s stock valued at $80,000 after purchasing an additional 3,067 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CORZ shares. BTIG Research raised shares of Core Scientific from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, January 6th. Jefferies Financial Group set a $24.00 target price on Core Scientific and gave the company a “buy” rating in a research report on Tuesday, October 28th. Macquarie Infrastructure upgraded Core Scientific from a “hold” rating to an “outperform” rating and boosted their price target for the stock from $18.00 to $34.00 in a report on Friday, October 31st. Citigroup raised Core Scientific from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Finally, HC Wainwright upgraded shares of Core Scientific from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.21.

Core Scientific Price Performance

Shares of CORZ stock opened at $17.98 on Friday. The stock has a market capitalization of $5.57 billion, a PE ratio of 119.87 and a beta of 6.86. The business’s 50 day simple moving average is $16.97 and its 200 day simple moving average is $16.76. Core Scientific, Inc. has a one year low of $6.20 and a one year high of $23.63.

Core Scientific Profile

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.