Todd Duchene Sells 10,000 Shares of Core Scientific (NASDAQ:CORZ) Stock

Core Scientific, Inc. (NASDAQ:CORZ) insider Todd Duchene sold 10,000 shares of the business’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $20.95, for a total transaction of $209,500.00. Following the completion of the sale, the insider directly owned 1,989,101 shares in the company, valued at $41,671,665.95. This represents a 0.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Core Scientific Trading Up 20.4%

Shares of NASDAQ CORZ opened at $21.81 on Friday. The firm has a market cap of $6.93 billion, a PE ratio of -4.93 and a beta of 5.50. Core Scientific, Inc. has a 1-year low of $12.60 and a 1-year high of $30.46. The company has a fifty day moving average price of $25.16 and a 200 day moving average price of $20.81.

Core Scientific (NASDAQ:CORZ) last released its quarterly earnings results on Tuesday, July 28th. The company reported ($3.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($3.26). The business had revenue of $164.20 million during the quarter, compared to analysts’ expectations of $144.83 million. Equities research analysts forecast that Core Scientific, Inc. will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CORZ shares. Wolfe Research reissued a “buy” rating on shares of Core Scientific in a research report on Wednesday. Capital One Financial set a $33.00 price target on Core Scientific in a research report on Thursday. Cantor Fitzgerald raised their price target on shares of Core Scientific from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. B. Riley Financial lifted their price objective on shares of Core Scientific from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Finally, Freedom Capital raised shares of Core Scientific to a “hold” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.68.

Hedge Funds Weigh In On Core Scientific

Hedge funds have recently modified their holdings of the stock. Situational Awareness LP raised its holdings in Core Scientific by 42.5% during the fourth quarter. Situational Awareness LP now owns 28,756,478 shares of the company’s stock worth $418,694,000 after acquiring an additional 8,575,944 shares in the last quarter. Value Aligned Research Advisors LLC acquired a new position in Core Scientific during the fourth quarter valued at approximately $117,786,000. Vanguard Group Inc. grew its stake in Core Scientific by 18.7% in the fourth quarter. Vanguard Group Inc. now owns 33,960,320 shares of the company’s stock valued at $494,462,000 after purchasing an additional 5,359,710 shares in the last quarter. Fifth Third Bancorp bought a new position in Core Scientific in the first quarter valued at approximately $59,802,000. Finally, Bank of America Corp DE increased its position in shares of Core Scientific by 412.5% during the 1st quarter. Bank of America Corp DE now owns 4,806,363 shares of the company’s stock worth $71,903,000 after purchasing an additional 3,868,535 shares during the last quarter.

Trending Headlines about Core Scientific

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

• Positive Sentiment: AMD deal creates substantial long-term revenue potential. AMD is leasing up to 2.5 gigawatts of Core Scientific’s data-center capacity to support AI deployments. The initial 529-megawatt commitment is covered by long-term agreements across five sites, and Bernstein estimates the arrangement could generate approximately $14 billion over 15 years. The agreement also includes warrants allowing AMD to acquire up to 30 million CORZ shares at $23.47. AMD Core Scientific data-center deal
• Positive Sentiment: Analyst sentiment improved. Keefe, Bruyette & Woods upgraded CORZ to Outperform and raised its price target to $28 from $25. Needham and BTIG also issued Buy ratings, while Canaccord maintained Buy and lifted its target to $36 from $30. These actions reinforce the view that Core Scientific’s pivot from cryptocurrency mining to AI colocation could support higher valuation. Needham Buy rating
• Positive Sentiment: The AI transition is gaining operational traction. Recent quarterly revenue reached $164.2 million, exceeding estimates of $144.83 million, while colocation revenue reportedly rose sharply year over year. Investors may view the AMD contract as validation of Core Scientific’s ability to repurpose former Bitcoin-mining facilities for high-density computing.
• Neutral Sentiment: Board expansion adds technology expertise. Core Scientific appointed Mark W. Adams, a technology executive with experience in AI infrastructure and semiconductors, to its seven-member board. The appointment supports the company’s strategic repositioning but is unlikely to materially affect near-term results. Core Scientific board appointment
• Negative Sentiment: Losses, capital needs and dilution remain risks. Core Scientific reported a quarterly GAAP loss of $3.32 per share, substantially below the consensus loss estimate of $0.06, despite beating revenue expectations. Converting sites for AI workloads requires significant capital spending, and AMD’s warrants could dilute existing shareholders if exercised. Insider Todd Duchene also sold 10,000 shares in a recent transaction, although the sale reduced his stake by only about 0.5%.

Core Scientific Company 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.