CoreWeave (NASDAQ:CRWV) COO Sachin Jain Sells 6,377 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) COO Sachin Jain sold 6,377 shares of CoreWeave stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $99.82, for a total value of $636,552.14. Following the completion of the sale, the chief operating officer owned 132,325 shares in the company, valued at approximately $13,208,681.50. This represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sachin Jain also recently made the following trade(s):

• On Friday, May 8th, Sachin Jain sold 14,750 shares of CoreWeave stock. The shares were sold at an average price of $118.61, for a total value of $1,749,497.50.
• On Wednesday, May 6th, Sachin Jain sold 7,335 shares of CoreWeave stock. The shares were sold at an average price of $131.13, for a total value of $961,838.55.
• On Wednesday, April 15th, Sachin Jain sold 3,953 shares of CoreWeave stock. The shares were sold at an average price of $120.00, for a total value of $474,360.00.
• On Friday, April 10th, Sachin Jain sold 7,335 shares of CoreWeave stock. The shares were sold at an average price of $105.00, for a total value of $770,175.00.
• On Wednesday, April 8th, Sachin Jain sold 3,953 shares of CoreWeave stock. The shares were sold at an average price of $92.00, for a total value of $363,676.00.

CoreWeave Stock Down 1.9%

Shares of NASDAQ:CRWV opened at $105.49 on Friday. CoreWeave Inc. has a 12-month low of $63.80 and a 12-month high of $187.00. The stock has a fifty day simple moving average of $100.22 and a two-hundred day simple moving average of $90.88. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. The stock has a market capitalization of $47.21 billion, a price-to-earnings ratio of -33.92 and a beta of 7.84.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.28). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The business had revenue of $1.57 billion during the quarter. CoreWeave’s revenue was up 110.4% on a year-over-year basis. On average, research analysts anticipate that CoreWeave Inc. will post -4.58 earnings per share for the current fiscal year.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced that CFO Nitin Agrawal will present at the Jefferies Software, Internet, and AI Conference on May 27, which keeps the company visible to investors and may reinforce the bullish AI growth narrative. CoreWeave to Participate in the Jefferies Software, Internet, and AI Conference
• Positive Sentiment: New coverage highlighted CoreWeave’s partnership with Pulumi, which ties its GPU cloud more tightly into AI developer workflows and could make the platform stickier for enterprise customers. CoreWeave Pulumi Deal Ties GPU Cloud To AI Developer Workflows
• Positive Sentiment: Several bullish articles continue to frame CoreWeave as a major beneficiary of AI infrastructure spending, citing strong revenue growth, a large backlog, and a new expanded AI infrastructure agreement with Meta. CoreWeave Scores Big With Meta — We See 66% Upside
• Neutral Sentiment: Market commentary comparing CoreWeave with Oracle and other AI infrastructure names may keep the stock in focus, but it does not add a clear new catalyst by itself. CoreWeave vs. Oracle: Which AI Infrastructure Stock is the Better Pick?
• Negative Sentiment: Insider selling remains a headwind, with CEO Michael Intrator and insider Brian Venturo both selling shares this week, which can weigh on investor confidence despite the trades being under pre-arranged 10b5-1 plans. CoreWeave insider trading filing
• Negative Sentiment: Recent analyst and media commentary has also been cautious, pointing to CoreWeave’s leverage, losses, and valuation risk, which helps explain why the stock has faced selling pressure despite strong AI demand. As AI infrastructure heats up, stay on the sidelines with CoreWeave stock

Institutional Investors Weigh In On CoreWeave

Hedge funds and other institutional investors have recently modified their holdings of the business. Cornerstone Planning Group LLC raised its holdings in shares of CoreWeave by 272.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after buying an additional 251 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of CoreWeave in the third quarter worth approximately $27,000. Aspect Partners LLC purchased a new stake in shares of CoreWeave in the third quarter worth approximately $28,000. Cullen Frost Bankers Inc. raised its holdings in shares of CoreWeave by 45.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after buying an additional 121 shares during the period. Finally, Greenline Wealth Management LLC purchased a new stake in shares of CoreWeave in the fourth quarter worth approximately $28,000.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CRWV. Macquarie Infrastructure reiterated a “neutral” rating and set a $115.00 price objective on shares of CoreWeave in a research report on Tuesday, January 27th. Wells Fargo & Company boosted their price target on CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Sanford C. Bernstein boosted their price target on CoreWeave from $56.00 to $67.00 and gave the company an “underperform” rating in a report on Tuesday, April 14th. Cantor Fitzgerald increased their target price on CoreWeave from $156.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Finally, Citigroup increased their target price on CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, CoreWeave currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.63.

CoreWeave Company Profile

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.