Insider Selling: Core Scientific (NASDAQ:CORZ) Insider Sells 10,000 Shares of Stock

Core Scientific, Inc. (NASDAQ:CORZ) insider Todd Duchene sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $22.30, for a total value of $223,000.00. Following the transaction, the insider directly owned 1,999,101 shares in the company, valued at approximately $44,579,952.30. This represents a 0.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Core Scientific Stock Down 1.8%

CORZ traded down $0.37 on Tuesday, hitting $20.37. 16,388,306 shares of the company traded hands, compared to its average volume of 12,517,998. The stock has a market capitalization of $6.48 billion, a PE ratio of -17.86 and a beta of 5.50. The company has a 50 day moving average of $25.36 and a 200-day moving average of $20.74. Core Scientific, Inc. has a 12-month low of $12.60 and a 12-month high of $30.46.

Core Scientific (NASDAQ:CORZ) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($1.06) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($1.04). The company had revenue of $115.24 million during the quarter, compared to analysts’ expectations of $117.04 million. Core Scientific’s revenue for the quarter was up 44.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 earnings per share. On average, research analysts anticipate that Core Scientific, Inc. will post 0.08 EPS for the current year.

Key Headlines Impacting Core Scientific

Here are the key news stories impacting Core Scientific this week:

• Positive Sentiment: Major AMD AI infrastructure partnership: AMD will secure access to up to 2.5 gigawatts of Core Scientific’s data-center capacity for customer AI deployments. The agreement includes 15-year commitments covering approximately 530 megawatts across five sites and more than $14 billion in potential base contracted revenue. The companies will also collaborate on deploying AMD Instinct GPUs, EPYC CPUs and ROCm software, reinforcing CORZ’s AI-hosting pivot. Reuters AMD infrastructure deal
• Positive Sentiment: Analysts remain constructive: Needham reaffirmed its “Buy” rating with a $29 price target, while BTIG reiterated “Buy” and maintained a $38 target. These targets imply substantial upside from recent trading levels and suggest analysts view the AMD deal as improving CORZ’s long-term earnings potential. BTIG analyst rating
• Positive Sentiment: Adjusted earnings beat estimates: Zacks reported quarterly earnings of $0.18 per share versus consensus for a $0.02 loss, compared with a $0.04 loss a year earlier. This measure supports the view that the business is improving operationally. Zacks earnings report
• Neutral Sentiment: Quarterly results were mixed: Core Scientific reported $164.2 million in revenue, but GAAP EPS was a $3.32 loss, far below the $0.02-loss consensus. The disparity with adjusted EPS likely reflects significant non-cash or one-time items, leaving investors focused on the quality and sustainability of the earnings improvement. Core Scientific second-quarter results
• Negative Sentiment: Insider sale and recent downgrade: Director Todd M. Duchene sold 10,000 shares worth $223,000, a modest 0.5% reduction in his holdings. Separately, Keefe, Bruyette & Woods downgraded CORZ to “Market Perform” with a $25 target, signaling valuation and execution concerns despite the AI opportunity.

Analyst Ratings Changes

A number of brokerages recently weighed in on CORZ. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Core Scientific in a report on Friday, July 17th. Jefferies Financial Group upped their target price on shares of Core Scientific from $24.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. B. Riley Financial lifted their price target on shares of Core Scientific from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Needham & Company LLC reissued a “buy” rating and set a $29.00 price target on shares of Core Scientific in a research note on Tuesday. Finally, Canaccord Genuity Group set a $30.00 target price on Core Scientific in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.39.

Hedge Funds Weigh In On Core Scientific

A number of institutional investors have recently made changes to their positions in CORZ. Handelsbanken Fonder AB boosted its stake in shares of Core Scientific by 0.7% during the second quarter. Handelsbanken Fonder AB now owns 94,500 shares of the company’s stock valued at $2,418,000 after acquiring an additional 700 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Core Scientific by 34.5% during the 2nd quarter. GAMMA Investing LLC now owns 3,049 shares of the company’s stock worth $78,000 after purchasing an additional 782 shares during the last quarter. Avior Wealth Management LLC purchased a new stake in shares of Core Scientific during the second quarter worth about $264,000. Harbor Investment Advisory LLC acquired a new position in shares of Core Scientific in the second quarter valued at approximately $136,000. Finally, CoreCap Advisors LLC purchased a new stake in Core Scientific in the 2nd quarter worth approximately $36,000.

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.