Insider Selling: CoreWeave (NASDAQ:CRWV) CEO Sells 50,000 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) CEO Michael Intrator sold 50,000 shares of CoreWeave stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $106.08, for a total value of $5,304,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

CoreWeave Trading Down 6.4%

NASDAQ:CRWV traded down $6.34 on Friday, hitting $93.19. 25,173,882 shares of the stock were exchanged, compared to its average volume of 28,725,148. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.49 and a current ratio of 0.49. CoreWeave Inc. has a 52 week low of $33.51 and a 52 week high of $187.00. The company’s 50-day moving average price is $83.32 and its 200 day moving average price is $103.95.

CoreWeave (NASDAQ:CRWVGet Free Report) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.14. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the company earned ($1.82) EPS. The firm’s quarterly revenue was up 133.7% compared to the same quarter last year.

Analysts Set New Price Targets

Several analysts have recently issued reports on CRWV shares. Compass Point began coverage on shares of CoreWeave in a research note on Thursday, November 13th. They issued a “buy” rating and a $150.00 target price for the company. Loop Capital reduced their price target on CoreWeave from $165.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. UBS Group reaffirmed a “neutral” rating on shares of CoreWeave in a research report on Friday, January 16th. JPMorgan Chase & Co. restated a “neutral” rating and set a $110.00 price target on shares of CoreWeave in a report on Tuesday, November 11th. Finally, Jefferies Financial Group lowered their price target on shares of CoreWeave from $155.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, CoreWeave currently has a consensus rating of “Moderate Buy” and an average price target of $127.27.

View Our Latest Research Report on CRWV

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

Institutional Trading of CoreWeave

Several institutional investors and hedge funds have recently bought and sold shares of CRWV. Family Legacy Financial Solutions LLC grew its holdings in shares of CoreWeave by 166.7% during the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock worth $27,000 after buying an additional 125 shares in the last quarter. HighMark Wealth Management LLC acquired a new stake in shares of CoreWeave during the third quarter worth $27,000. OLD Second National Bank of Aurora acquired a new stake in shares of CoreWeave during the 3rd quarter valued at $27,000. KERR FINANCIAL PLANNING Corp acquired a new stake in CoreWeave in the 3rd quarter valued at approximately $27,000. Finally, Aspect Partners LLC bought a new stake in CoreWeave in the third quarter valued at about $28,000.

About CoreWeave

(Get Free Report)

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.

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Insider Buying and Selling by Quarter for CoreWeave (NASDAQ:CRWV)

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