CoreWeave Inc. (NASDAQ:CRWV – Get Free Report) insider Brian Venturo sold 65,493 shares of CoreWeave stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $95.69, for a total transaction of $6,267,025.17. Following the transaction, the insider directly owned 235,883 shares of the company’s stock, valued at approximately $22,571,644.27. This trade represents a 21.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
CoreWeave Stock Performance
CRWV opened at $81.75 on Friday. The firm has a fifty day moving average price of $108.29 and a 200 day moving average price of $94.80. CoreWeave Inc. has a 1 year low of $63.80 and a 1 year high of $166.22. The stock has a market cap of $36.59 billion, a P/E ratio of -26.29 and a beta of 7.17. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31.
CoreWeave (NASDAQ:CRWV – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.23). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm had revenue of $2.08 billion for the quarter. During the same quarter in the previous year, the company posted ($0.60) EPS. The business’s revenue for the quarter was up 111.6% compared to the same quarter last year. Equities research analysts anticipate that CoreWeave Inc. will post -4.57 earnings per share for the current year.
CoreWeave News Roundup
- Positive Sentiment: Rosenblatt Securities reaffirmed a buy rating on CoreWeave, signaling that at least some analysts still see meaningful upside despite the selloff. Coreweave Sell-off Sparks Buying Opportunity, Analyst Says Meta Fears Are Overblown
- Positive Sentiment: Supportive commentary argued the Meta-driven selloff may be overdone because CoreWeave still has a massive AI backlog and continued demand for compute capacity. CoreWeave (CRWV) Stock May Still Look Cheap Following Record AI Backlog
- Neutral Sentiment: CoreWeave launched ARIA, an AI research agent in Weights & Biases designed to automate analysis and speed model iteration, which is a product-positive update but not a major near-term stock catalyst. CoreWeave Unveils ARIA to Accelerate AI Research and Agent Development
- Neutral Sentiment: CoreWeave expanded its Livingston headquarters, a sign of continued growth, but the news is not enough to offset the current investor concern around competition and valuation. CoreWeave Expands HQ with Additional 31,000 SF in Livingston
- Negative Sentiment: Meta’s reported plan to sell excess AI compute has intensified fears that large hyperscalers could compete directly with CoreWeave, driving concern over future pricing power and customer retention. Stock Market Today, July 1: CoreWeave Stock Tumbles as Meta Cloud Report Raises Customer Concerns
- Negative Sentiment: Multiple reports highlighted CoreWeave’s heavy debt load and recent insider selling, adding to worries that the stock’s valuation may be vulnerable if growth expectations cool. CoreWeave Just Slipped Under $50 Billion. Is the Debt Finally Catching Up?
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on CRWV shares. Roth Mkm restated a “buy” rating and issued a $150.00 price target on shares of CoreWeave in a research note on Friday, May 8th. DA Davidson reiterated a “neutral” rating and set a $100.00 price target (down from $175.00) on shares of CoreWeave in a research report on Monday, May 18th. Weiss Ratings upgraded CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 24th. Evercore reissued an “outperform” rating and issued a $150.00 price objective on shares of CoreWeave in a report on Wednesday, April 15th. Finally, Barclays boosted their price objective on CoreWeave from $106.00 to $120.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Twenty-one analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.
View Our Latest Stock Report on CoreWeave
Institutional Investors Weigh In On CoreWeave
Several institutional investors have recently bought and sold shares of the company. Sivia Capital Partners LLC purchased a new position in shares of CoreWeave in the second quarter valued at approximately $39,824,000. Quantbot Technologies LP purchased a new stake in shares of CoreWeave during the second quarter worth approximately $311,000. Invesco Ltd. purchased a new stake in shares of CoreWeave during the second quarter worth approximately $882,000. First Trust Advisors LP acquired a new position in CoreWeave in the 2nd quarter valued at $20,260,000. Finally, Baird Financial Group Inc. acquired a new position in CoreWeave in the 2nd quarter valued at $455,000.
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.
Read More
- Five stocks we like better than CoreWeave
- Shorting the Grid: Bloom Energy’s $25B AI Power Play
- SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
- Meta’s AI Compute Push Could Turn Its Massive CapEx Bill Into a Competitive Weapon
- 3 Dividend ETFs Built for Stability in a Volatile Market
Receive News & Ratings for CoreWeave Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreWeave and related companies with MarketBeat.com's FREE daily email newsletter.
