Core Scientific, Inc. (NASDAQ:CORZ) director Eric Stanton Weiss acquired 6,000 shares of the company's common stock on September 15, 2026, at a price of $16.33 per share, for a total transaction value of $97,979, according to a recent regulatory filing. The purchase leaves Weiss with a direct holding of 265,262 shares of Core Scientific common stock.
The insider buy comes at a time when Core Scientific's shares are trading at $14.57, below the price Weiss paid. The stock has faced a challenging six-month period, declining 36% over that span. According to an analysis, the stock currently appears overvalued relative to its Fair Value estimate. A noted tip also highlights that the stock price movements are quite volatile, as reflected in the company's beta of 5.56.
In other recent developments, Core Scientific reported significant growth in its third-quarter 2026 earnings. The company saw a sharp increase in revenue and profitability, with colocation revenue climbing to $215 million, up from $135 million in the previous quarter. Adjusted EBITDA also more than tripled, reaching $134 million, a notable rise from $41 million. Despite these strong financial results, Core Scientific's stock experienced a slight dip as investors considered its significant capital requirements and ongoing transition away from Bitcoin mining.
Analyst opinions have also been in focus. Citizens reiterated its Market Outperform rating for Core Scientific, maintaining a price target of $30. The firm highlighted the increasing flow of Core Scientific's 1.1 GW contracted portfolio through its profit and loss statement. Meanwhile, Craig-Hallum adjusted its price target for Core Scientific from $35 to $25 but kept a Buy rating. The adjustment was due to concerns about the company's ongoing efforts to secure air permits in Texas, which are considered low-risk and expected to be resolved by December.
The insider transaction provides a data point for investors assessing internal confidence, though the stock's volatility and capital needs remain key considerations. The mixed analyst actions and the company's transition away from Bitcoin mining continue to shape the investment narrative.