CoreWeave (NASDAQ:CRWV) Insider Sells $7,793,939.68 in Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Brian Venturo sold 76,924 shares of CoreWeave stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $101.32, for a total value of $7,793,939.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Stock Performance

CoreWeave stock opened at $96.58 on Monday. CoreWeave Inc. has a 52 week low of $63.80 and a 52 week high of $173.35. 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 cap of $43.23 billion, a P/E ratio of -31.05 and a beta of 7.18. The stock has a 50 day moving average of $110.42 and a 200-day moving average of $94.67.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The company 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 company’s revenue was up 111.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.60) EPS. On average, analysts expect that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CRWV has been the topic of several research reports. Rosenblatt Securities initiated coverage on CoreWeave in a research report on Thursday. They set a “buy” rating and a $250.00 price target on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $167.00 price objective on shares of CoreWeave in a report on Thursday, June 11th. Sanford C. Bernstein reiterated an “underperform” rating on shares of CoreWeave in a research note on Thursday, June 11th. Bank of America raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Tuesday, March 24th. Finally, Mizuho raised their price target on shares of CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.00.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy rating and a $250 price target, reinforcing the bullish view that CoreWeave could benefit from rising demand for AI infrastructure. Read More
• Positive Sentiment: BNP Paribas and other reports highlighted CoreWeave as a key beneficiary of the next AI chip cycle, while Cantor Fitzgerald reiterated an Overweight rating and a $167 target. Article Title
• Positive Sentiment: CoreWeave announced a partnership with Conapto to expand AI cloud capacity in Sweden, which supports the company’s growth narrative and international expansion. Article Title
• Neutral Sentiment: Several articles argue CoreWeave is one of the stocks that could double over the next two years, reflecting strong long-term enthusiasm but no new hard financial data. Article Title
• Negative Sentiment: CEO Michael Intrator sold shares under a pre-arranged trading plan, and insider Brannin McBee also sold stock. Even though the sales were planned, insider selling can still weigh on sentiment. SEC Filing

Institutional Trading of CoreWeave

Hedge funds have recently made changes to their positions in the stock. KERR FINANCIAL PLANNING Corp bought a new position in CoreWeave during the 3rd quarter worth $27,000. Pin Oak Investment Advisors Inc. bought a new stake in CoreWeave in the third quarter valued at $34,000. Cornerstone Planning Group LLC lifted its stake in CoreWeave by 272.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 251 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after acquiring an additional 121 shares during the period. Finally, Greenline Wealth Management LLC acquired a new position in shares of CoreWeave during the fourth quarter valued at $28,000.

About CoreWeave

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.