CoreWeave (NASDAQ:CRWV) Director Karen Boone Sells 10,520 Shares

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) Director Karen Boone sold 10,520 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $107.45, for a total transaction of $1,130,374.00. Following the completion of the sale, the director owned 7,300 shares of the company’s stock, valued at approximately $784,385. This represents a 59.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Karen Boone also recently made the following trade(s):

  • On Tuesday, May 26th, Karen Boone sold 1,060 shares of CoreWeave stock. The shares were sold at an average price of $108.23, for a total transaction of $114,723.80.

CoreWeave Trading Up 2.5%

Shares of NASDAQ:CRWV traded up $2.59 during trading hours on Thursday, hitting $106.86. The company’s stock had a trading volume of 23,261,036 shares, compared to its average volume of 27,448,842. CoreWeave Inc. has a 52 week low of $63.80 and a 52 week high of $187.00. 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 firm’s fifty day moving average price is $102.09 and its 200 day moving average price is $90.49.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Jefferies Financial Group boosted their price target on shares of CoreWeave from $120.00 to $160.00 and gave the company a “buy” rating in a report on Monday, May 4th. Citizens Jmp restated a “market outperform” rating and issued a $180.00 price target on shares of CoreWeave in a report on Friday, February 27th. DA Davidson restated a “neutral” rating and issued a $100.00 price target (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. Truist Financial boosted their price objective on shares of CoreWeave from $85.00 to $131.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Finally, Roth Mkm reiterated a “buy” rating and set a $150.00 price objective on shares of CoreWeave in a research note on Friday, May 8th. Nineteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.63.

Read Our Latest Analysis on CoreWeave

Institutional Trading of CoreWeave

Several large investors have recently bought and sold shares of the stock. Parallel Advisors LLC grew its position in CoreWeave by 4.0% during the 1st quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock worth $181,000 after purchasing an additional 91 shares during the last quarter. Pathway Wealth Management LLC grew its position in CoreWeave by 2.9% during the 1st quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock worth $278,000 after purchasing an additional 100 shares during the last quarter. Azzad Asset Management Inc. ADV grew its position in CoreWeave by 2.1% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock worth $389,000 after purchasing an additional 104 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in CoreWeave by 34.7% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock worth $33,000 after purchasing an additional 119 shares during the last quarter. Finally, Chilton Capital Management LLC grew its position in CoreWeave by 50.2% during the 3rd quarter. Chilton Capital Management LLC now owns 362 shares of the company’s stock worth $50,000 after purchasing an additional 121 shares during the last quarter.

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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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