Director Yadin Rozov of Core Scientific Inc (CORZ, Financial) has recently increased his stake in the company. According to a SEC Filing dated 2024-03-15, the insider purchased 80,000 shares of Core Scientific Inc, a company that operates in the blockchain and artificial intelligence sectors, providing infrastructure and software solutions.
Yadin Rozov’s transaction history over the past year shows a pattern of confidence in the company's prospects, with the insider buying a total of 80,000 shares and not selling any shares.
The insider transaction history for Core Scientific Inc indicates a positive trend among those with intimate knowledge of the company. There have been 3 insider buys and no insider sells over the past year, suggesting that insiders may believe the shares are undervalued or that they expect positive developments for the company.
On the day of the insider's recent purchase, shares of Core Scientific Inc were trading at $3.07, valuing the company at a market cap of $593.845 million.
This recent insider buying activity may be of interest to investors as it could signal that those with the most insight into the company's operations see potential for the stock's value to increase. However, investors should also consider other factors and conduct their own research before making investment decisions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
