CoreWeave (NASDAQ:CRWV) Insider Brian Venturo Sells 76,924 Shares

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Brian Venturo sold 76,924 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $96.89, for a total value of $7,453,166.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Stock Performance

NASDAQ CRWV opened at $100.55 on Friday. The firm has a market cap of $45.00 billion, a price-to-earnings ratio of -32.33 and a beta of 7.14. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The business has a 50-day moving average price of $107.85 and a 200-day moving average price of $92.41. CoreWeave Inc. has a twelve month low of $63.80 and a twelve month high of $187.00.

CoreWeave (NASDAQ:CRWVGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The business had revenue of $2.08 billion during the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The firm’s revenue for the quarter was up 111.6% on a year-over-year basis. During the same period last year, the business posted ($0.60) earnings per share. As a group, equities research analysts predict that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Hedge Funds Weigh In On CoreWeave

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in CoreWeave by 275.6% during the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after buying an additional 20,487,478 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in CoreWeave by 446,194.0% during 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 buying an additional 17,847,760 shares during the last quarter. Bank of America Corp DE boosted its stake in CoreWeave by 13.1% during the first quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock valued at $437,870,000 after buying an additional 653,398 shares during the last quarter. Clear Street Group Inc. boosted its stake in CoreWeave by 57.2% during the fourth quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock valued at $333,260,000 after buying an additional 1,692,916 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its stake in CoreWeave by 300.0% during 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 buying an additional 3,000,000 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CRWV. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $167.00 price objective on shares of CoreWeave in a research note on Thursday. Bank of America raised CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Tuesday, March 24th. Roth Mkm reaffirmed a “buy” rating and issued a $150.00 price objective on shares of CoreWeave in a research note on Friday, May 8th. BNP Paribas Exane began coverage on CoreWeave in a research note on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 price objective for the company. Finally, Wolfe Research initiated coverage on CoreWeave in a research note on Thursday, April 16th. They issued an “outperform” rating and a $150.00 price objective for the company. Twenty 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. Based on data from MarketBeat.com, CoreWeave has an average rating of “Moderate Buy” and an average target price of $131.52.

Check Out Our Latest Research Report on CoreWeave

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

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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