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

Core Scientific, Inc. (NASDAQ:CORZ) insider Todd Duchene sold 10,000 shares of Core Scientific stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $20.86, for a total value of $208,600.00. Following the completion of the transaction, the insider directly owned 1,980,348 shares of the company’s stock, valued at $41,310,059.28. This represents a 0.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Core Scientific Stock Up 11.0%

Core Scientific stock opened at $24.63 on Thursday. The stock has a 50-day simple moving average of $17.66 and a 200 day simple moving average of $17.47. Core Scientific, Inc. has a 12-month low of $8.74 and a 12-month high of $25.01. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 21.05 and a beta of 5.45.

Core Scientific (NASDAQ:CORZ) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($1.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($1.04). The company had revenue of $115.24 million during the quarter, compared to analyst estimates of $117.04 million. The firm’s revenue was up 44.9% compared to the same quarter last year. During the same period last year, the company earned $1.25 earnings per share. As a group, sell-side analysts anticipate that Core Scientific, Inc. will post 0.07 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Canaccord Genuity Group lifted their price objective on Core Scientific from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. HC Wainwright reiterated a “buy” rating and issued a $25.00 price objective on shares of Core Scientific in a research report on Tuesday, March 3rd. LADENBURG THALM/SH SH lowered their price objective on Core Scientific from $24.50 to $23.75 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Keefe, Bruyette & Woods lifted their price objective on Core Scientific from $19.00 to $25.00 and gave the stock a “moderate buy” rating in a research report on Tuesday, January 27th. Finally, Zacks Research upgraded Core Scientific from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Core Scientific presently has an average rating of “Moderate Buy” and an average target price of $25.43.

Key Headlines Impacting Core Scientific

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

• Positive Sentiment: Announced acquisition of Polaris DS (~$421M) and a plan to scale the Muskogee, OK campus to ~1.5 GW of gross power, which materially expands power capacity and accelerates AI/HPC colocation growth. BusinessWire: Muskogee Expansion
• Positive Sentiment: Company disclosed a ~$421M deal for Polaris DS assets (adds ~440 MW contracted gross power adjacent to Muskogee) that supports faster delivery of leasable capacity to high‑density customers. This deal helped earlier intraday upside. Quiver Quant: Polaris DS acquisition
• Positive Sentiment: Company announced a large $3.3B capital raise to expand AI colocation capacity — provides capital runway to execute expansion plans (but details of terms matter for dilution). TipRanks: $3.3B raise
• Neutral Sentiment: Q1 revenue grew ~45% YoY to $115.24M but narrowly missed consensus (~$117M) — solid top‑line growth supports the growth story even as near‑term margins disrupted by buildout and financing. Press Release / Slide Deck
• Neutral Sentiment: Heavy options activity (large call buying) ahead of and around the announcements — suggests speculative bullish interest that can amplify moves but also increases volatility. MarketBeat: Options note
• Neutral Sentiment: Earnings call transcript and presentation released for Q1 — useful for detail on timing of deliveries, contract backlog and capital plan. Seeking Alpha: Q1 transcript Seeking Alpha: Presentation
• Negative Sentiment: Q1 EPS missed badly — company reported a deficit (widely cited as ($1.06) per MarketBeat/press release) well below analyst expectations, prompting the post‑earnings pullback. Benzinga: EPS miss
• Negative Sentiment: Insider selling: Todd M. Duchene sold 10,000 shares on May 4 — small in the context of his holdings but noted by markets and often viewed as a negative signal. SEC Form 4

Hedge Funds Weigh In On Core Scientific

Several institutional investors have recently modified their holdings of the business. SPX Gestao de Recursos Ltda lifted its stake in Core Scientific by 95.9% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 205,350 shares of the company’s stock valued at $3,072,000 after acquiring an additional 100,550 shares in the last quarter. Helium Advisors LLC bought a new stake in Core Scientific in the 1st quarter valued at approximately $508,000. Principal Financial Group Inc. lifted its stake in Core Scientific by 19.4% in the 1st quarter. Principal Financial Group Inc. now owns 19,572 shares of the company’s stock valued at $293,000 after acquiring an additional 3,185 shares in the last quarter. Fifth Third Bancorp bought a new stake in Core Scientific in the 1st quarter valued at approximately $59,802,000. Finally, Hsbc Holdings PLC bought a new stake in Core Scientific in the 1st quarter valued at approximately $533,000.

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.