CoreWeave (NASDAQ:CRWV) COO Sachin Jain Sells 7,335 Shares

CoreWeave Inc. (NASDAQ:CRWV) COO Sachin Jain sold 7,335 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $131.13, for a total transaction of $961,838.55. Following the completion of the transaction, the chief operating officer owned 104,068 shares of the company’s stock, valued at approximately $13,646,436.84. This trade represents a 6.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 15th, Sachin Jain sold 3,953 shares of CoreWeave stock. The stock was 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 stock was 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 stock was sold at an average price of $92.00, for a total value of $363,676.00.

CoreWeave Stock Performance

Shares of NASDAQ:CRWV traded down $14.69 on Friday, hitting $114.15. The company’s stock had a trading volume of 48,299,949 shares, compared to its average volume of 28,172,629. CoreWeave Inc. has a 12 month low of $50.18 and a 12 month high of $187.00. The company has a market capitalization of $50.56 billion, a price-to-earnings ratio of -35.67 and a beta of 7.84. The stock’s 50-day moving average is $94.19 and its two-hundred day moving average is $92.34. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.46 and a current ratio of 0.46.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The company had revenue of $1.57 billion during the quarter. CoreWeave had a negative net margin of 22.75% and a negative return on equity of 33.82%. The firm’s revenue was up 110.4% compared to the same quarter last year. On average, equities research analysts forecast that CoreWeave Inc. will post -4.15 EPS for the current year.

Institutional Investors Weigh In On CoreWeave

Several institutional investors and hedge funds have recently modified their holdings of CRWV. PNC Financial Services Group Inc. lifted its position in shares of CoreWeave by 1.0% in the first quarter. PNC Financial Services Group Inc. now owns 54,073 shares of the company’s stock worth $4,189,000 after buying an additional 517 shares during the last quarter. Oslo Pensjonsforsikring AS acquired a new stake in shares of CoreWeave in the first quarter worth about $67,000. Cassaday & Co Wealth Management LLC acquired a new stake in CoreWeave in the 1st quarter worth approximately $31,000. Amova Asset Management Americas Inc. lifted its holdings in shares of CoreWeave by 28.2% during the first quarter. Amova Asset Management Americas Inc. now owns 1,123,843 shares of the company’s stock worth $86,997,000 after buying an additional 247,470 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in shares of CoreWeave in the first quarter valued at approximately $215,000.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave said bookings hit the strongest level in company history and backlog remains very large, reinforcing that demand for AI infrastructure is still extremely strong. CoreWeave Reports ‘Strongest’ Bookings
• Positive Sentiment: Analysts and commentators remain constructive on the long-term AI growth story, with some saying the pullback may create an attractive entry point despite near-term volatility. Seeking Alpha rating upgrade
• Neutral Sentiment: The company also highlighted product momentum, including expanded SUNK capabilities and SUNK Anywhere, which could support customer adoption over time. CoreWeave expands SUNK capabilities
• Neutral Sentiment: JPMorgan and Mizuho raised price targets but kept neutral ratings, suggesting Wall Street sees value but is still cautious on the stock’s near-term execution risk. Analyst target updates
• Negative Sentiment: CoreWeave reported a larger quarterly loss than expected as operating expenses climbed, fueling concerns that profitability remains distant even with rapid revenue growth. WSJ on widened Q1 loss
• Negative Sentiment: Second-quarter revenue guidance came in below consensus, and the company also lifted its capital spending outlook, creating concern about slower conversion of demand into revenue and continued heavy investment. CoreWeave forecast miss and higher capex
• Negative Sentiment: Recent insider and major shareholder selling, including sales by CEO Michael Intrator, Brian Venturo, Chen Goldberg, and Magnetar Financial, is adding short-term pressure on sentiment. CEO Form 4 filing

Analysts Set New Price Targets

Several research firms have recently issued reports on CRWV. UBS Group reiterated a “neutral” rating on shares of CoreWeave in a report on Friday, January 16th. Barclays raised their target price on CoreWeave from $90.00 to $106.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. Jefferies Financial Group raised their target price on CoreWeave from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Monday. Bank of America raised CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Tuesday, March 24th. Finally, JPMorgan Chase & Co. raised their target price on CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday. Twenty analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $131.09.

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.