CoreWeave (NASDAQ:CRWV) EVP Sells $575,730.00 in Stock

CoreWeave Inc. (NASDAQ:CRWV) EVP Chen Goldberg sold 6,397 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $90.00, for a total value of $575,730.00. Following the sale, the executive vice president directly owned 52,974 shares in the company, valued at approximately $4,767,660. This represents a 10.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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.

Chen Goldberg also recently made the following trade(s):

• On Wednesday, August 5th, Chen Goldberg sold 19,208 shares of CoreWeave stock. The stock was sold at an average price of $92.29, for a total value of $1,772,706.32.
• On Tuesday, June 30th, Chen Goldberg sold 4 shares of CoreWeave stock. The stock was sold at an average price of $95.69, for a total transaction of $382.76.
• On Monday, June 15th, Chen Goldberg sold 5,541 shares of CoreWeave stock. The shares were sold at an average price of $107.29, for a total transaction of $594,493.89.
• On Wednesday, May 20th, Chen Goldberg sold 14,168 shares of CoreWeave stock. The stock was sold at an average price of $100.34, for a total transaction of $1,421,617.12.

CoreWeave Trading Up 6.3%

CoreWeave stock opened at $90.67 on Friday. The firm’s 50-day moving average is $91.81 and its 200-day moving average is $94.86. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. CoreWeave Inc. has a 1 year low of $60.55 and a 1 year high of $153.20. The company has a market cap of $40.58 billion, a P/E ratio of -29.15 and a beta of 7.44.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The business had revenue of $2.08 billion for the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm’s revenue was up 111.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.60) earnings per share. On average, equities analysts expect that CoreWeave Inc. will post -5.7 earnings per share for the current year.

Hedge Funds Weigh In On CoreWeave

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new position in CoreWeave during the 2nd quarter valued at about $127,936,000. Haven Capital Group Inc. acquired a new stake in shares of CoreWeave in the 2nd quarter worth approximately $242,000. Dagco Inc. acquired a new stake in shares of CoreWeave in the 2nd quarter worth approximately $258,000. Fiduciary Financial Group LLC bought a new position in shares of CoreWeave in the second quarter valued at approximately $7,298,000. Finally, E. Ohman J or Asset Management AB increased its stake in shares of CoreWeave by 48.5% during the second quarter. E. Ohman J or Asset Management AB now owns 7,040 shares of the company’s stock valued at $701,000 after acquiring an additional 2,300 shares during the period.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating and maintained a $250 price target, reinforcing the bullish case for CoreWeave’s AI-cloud growth prospects. Rosenblatt Securities Reaffirms Buy Rating for CoreWeave
• Positive Sentiment: IMC selected CoreWeave for its research investment, providing another indication that the company’s GPU-accelerated cloud infrastructure is attracting institutional and enterprise users. IMC Selects CoreWeave
• Positive Sentiment: Recent bullish coverage highlights strong demand for scarce GPU capacity and argues that CoreWeave’s pullback has improved its valuation and potential risk-reward profile. CoreWeave at $92: The Compelling Bull Case
• Neutral Sentiment: Traders are positioning for a sizable move around CoreWeave’s quarterly earnings release after the closing bell Tuesday, August 11. The report and management’s outlook for demand, capital spending and profitability could determine the next major move. Traders Expect a Move After CoreWeave Earnings
• Neutral Sentiment: Commentary comparing CRWV with IREN and discussing CoreWeave as a neocloud investment may increase investor attention, but does not provide a new company-specific fundamental catalyst. CRWV Versus IREN Neocloud Comparison
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth roughly $28.2 million, while EVP Chen Goldberg sold 25,605 shares worth approximately $2.35 million. The transactions were made under pre-arranged Rule 10b5-1 plans; Goldberg’s sales were specifically to cover tax withholding, which reduces their signaling value but can still pressure sentiment. CoreWeave Insider Selling
• Negative Sentiment: Investors remain concerned about CoreWeave’s substantial leverage, negative earnings and capital-intensive data-center expansion. Its previous quarterly loss exceeded expectations, despite revenue growth of 111.6% year over year, making the upcoming results especially important. Should You Buy CoreWeave Before or After Earnings?

Analyst Ratings Changes

Several research firms have recently commented on CRWV. Jefferies Financial Group lowered CoreWeave from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. BTIG Research started coverage on CoreWeave in a research report on Wednesday, July 22nd. They set a “buy” rating for the company. Mizuho lowered their price objective on CoreWeave from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, July 15th. Oppenheimer raised their target price on CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Roth Capital reissued a “buy” rating and set a $150.00 price target on shares of CoreWeave in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $136.67.

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.