CoreWeave (NASDAQ:CRWV) Insider Sells $533,740.54 in Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Jeff Baker sold 5,143 shares of CoreWeave stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $103.78, for a total transaction of $533,740.54. Following the sale, the insider owned 39,304 shares of the company’s stock, valued at approximately $4,078,969.12. The trade was a 11.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

CoreWeave Stock Down 6.4%

Shares of CRWV stock traded down $6.34 on Friday, hitting $93.19. 25,173,882 shares of the company’s stock traded hands, compared to its average volume of 28,725,148. The company’s fifty day simple moving average is $83.32 and its 200 day simple moving average is $103.95. CoreWeave Inc. has a one year low of $33.51 and a one year high of $187.00. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.49 and a quick ratio of 0.49.

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

Hedge Funds Weigh In On CoreWeave

Several hedge funds have recently bought and sold shares of the business. Renaissance Capital LLC increased its holdings in shares of CoreWeave by 49.9% in the 3rd quarter. Renaissance Capital LLC now owns 47,162 shares of the company’s stock valued at $6,454,000 after acquiring an additional 15,697 shares during the period. Munro Partners boosted its position in CoreWeave by 5,272.4% during the third quarter. Munro Partners now owns 616,485 shares of the company’s stock valued at $84,366,000 after purchasing an additional 605,010 shares in the last quarter. Apexium Financial LP purchased a new position in CoreWeave in the second quarter valued at about $1,044,000. Chung Wu Investment Group LLC bought a new position in CoreWeave in the second quarter worth about $755,000. Finally, HWG Holdings LP purchased a new stake in shares of CoreWeave during the third quarter valued at about $1,863,000.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CRWV shares. UBS Group restated a “neutral” rating on shares of CoreWeave in a research note on Friday, January 16th. Melius Research set a $140.00 price target on shares of CoreWeave in a research note on Tuesday, November 11th. The Goldman Sachs Group started coverage on shares of CoreWeave in a research report on Monday, January 12th. They set a “neutral” rating and a $86.00 price objective for the company. Wells Fargo & Company reduced their target price on shares of CoreWeave from $150.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Finally, Roth Mkm began coverage on shares of CoreWeave in a report on Thursday, December 4th. They issued a “buy” rating and a $110.00 price target for the company. Eighteen 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’s stock. According to MarketBeat.com, CoreWeave currently has an average rating of “Moderate Buy” and a consensus target price of $127.27.

Check Out Our Latest Stock Analysis on CoreWeave

Key CoreWeave News

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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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