CoreWeave Inc. (NASDAQ:CRWV – Get Free Report) insider Jeff Baker sold 42,515 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $113.94, for a total transaction of $4,844,159.10. Following the sale, the insider owned 14 shares of the company’s stock, valued at $1,595.16. This trade represents a 99.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Jeff Baker also recently made the following trade(s):
- On Wednesday, April 29th, Jeff Baker sold 6,760 shares of CoreWeave stock. The stock was sold at an average price of $107.87, for a total transaction of $729,201.20.
- On Tuesday, March 31st, Jeff Baker sold 16 shares of CoreWeave stock. The stock was sold at an average price of $74.05, for a total transaction of $1,184.80.
- On Friday, February 20th, Jeff Baker sold 2,374 shares of CoreWeave stock. The stock was sold at an average price of $90.83, for a total transaction of $215,630.42.
CoreWeave Stock Performance
NASDAQ CRWV opened at $107.30 on Friday. CoreWeave Inc. has a 52-week low of $63.80 and a 52-week high of $187.00. The company has a 50-day simple moving average of $97.44 and a 200 day simple moving average of $91.98. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.46 and a current ratio of 0.31. The company has a market capitalization of $48.02 billion, a PE ratio of -34.50 and a beta of 7.84.
CoreWeave News Roundup
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave launched Sandboxes, a new execution layer for AI workloads designed to improve secure, isolated AI agent operations and support higher-value monetization across on-prem and serverless deployments. CoreWeave Sandboxes Targets AI Agent Workloads And Higher Value Monetization
- Positive Sentiment: Citigroup raised its price target on CoreWeave to $158 and kept a Buy rating, reinforcing Wall Street’s optimism about the company’s AI infrastructure growth story. CoreWeave (NASDAQ:CRWV) Given New $158.00 Price Target at Citigroup
- Positive Sentiment: CoreWeave was highlighted as a potential beneficiary of capital rotation into AI data center stocks, which may support sentiment toward the shares. 3 AI Data Center Stocks Worth Watching for Capital Rotation (CRWV)
- Neutral Sentiment: CoreWeave was also mentioned as a top GPU-as-a-service stock to watch, with analyst coverage still broadly constructive on the company’s long-term AI demand outlook. CoreWeave (CRWV) Is One Of Our Top Data Center GPU-As-A-Service Stock To Buy
- Neutral Sentiment: CoreWeave said it will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 19, an event that could provide a near-term catalyst if management offers new updates. CoreWeave to Participate in the J.P. Morgan Global Technology, Media and Communications Conference
- Negative Sentiment: CEO Michael Intrator, co-founder Brian Venturo, and insider Jeff Baker all disclosed large stock sales over the past few days, which can weigh on investor sentiment even when some trades were made under pre-arranged plans. CoreWeave insider Form 4 filing CoreWeave insider Form 4 filing
- Negative Sentiment: Bearish commentary continues to focus on CoreWeave’s high debt load, ongoing losses, and questions about whether its AI growth rate can stay as strong as investors expect. CoreWeave stock falls as the AI growth story slows down
Hedge Funds Weigh In On CoreWeave
Several large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of CoreWeave by 275.6% in the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after purchasing an additional 20,487,478 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of CoreWeave by 446,194.0% in the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after acquiring an additional 17,847,760 shares during the period. Clear Street Group Inc. boosted its position in shares of CoreWeave by 57.2% in the fourth quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock valued at $333,260,000 after acquiring an additional 1,692,916 shares during the period. Alyeska Investment Group L.P. boosted its position in shares of CoreWeave by 300.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after acquiring an additional 3,000,000 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of CoreWeave by 22,624.0% in the fourth quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock valued at $273,039,000 after acquiring an additional 3,796,077 shares during the period.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the stock. DA Davidson raised their price objective on shares of CoreWeave from $125.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Wolfe Research assumed coverage on shares of CoreWeave in a report on Thursday, April 16th. They set an “outperform” rating and a $150.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Mizuho increased their target price on shares of CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Evercore reiterated an “outperform” rating and issued a $150.00 target price on shares of CoreWeave in a research note on Wednesday, April 15th. Twenty investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, CoreWeave currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.97.
Check Out Our Latest Analysis on CRWV
About CoreWeave
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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