CoreWeave (NASDAQ:CRWV) COO Sachin Jain Sells 13,611 Shares of Company Stock

CoreWeave Inc. (NASDAQ:CRWV) COO Sachin Jain sold 13,611 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $46.23, for a total transaction of $629,236.53. Following the transaction, the chief operating officer owned 177,224 shares in the company, valued at $8,193,065.52. This represents a 7.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, September 30th, Sachin Jain sold 4 shares of CoreWeave stock. The stock was sold at an average price of $87.69, for a total value of $350.76.
• On Thursday, August 20th, Sachin Jain sold 6,339 shares of CoreWeave stock. The stock was sold at an average price of $91.88, for a total value of $582,427.32.
• On Wednesday, August 12th, Sachin Jain sold 1 shares of CoreWeave stock. The shares were sold at an average price of $110.00, for a total value of $110.00.

CoreWeave Stock Down 0.5%

Shares of CRWV stock opened at $48.73 on Wednesday. CoreWeave Inc. has a 1 year low of $40.58 and a 1 year high of $138.25. The stock has a market cap of $22.36 billion, a PE ratio of -13.35 and a beta of 7.71. The business’s fifty day moving average is $74.13 and its 200-day moving average is $89.44. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, topping analysts’ consensus estimates of ($1.52) by $0.38. The company had revenue of $2.58 billion for the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. The firm’s quarterly revenue was up 112.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.27) EPS. Equities analysts expect that CoreWeave Inc. will post -4.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CoreWeave

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Essential Partners LLC acquired a new position in shares of CoreWeave in the 2nd quarter worth $30,000. MassMutual Private Wealth & Trust FSB raised its position in shares of CoreWeave by 241.1% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the company’s stock worth $27,000 after purchasing an additional 217 shares during the period. Burnham & Co LLC acquired a new stake in shares of CoreWeave during the second quarter worth $32,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of CoreWeave during the first quarter valued at $31,000. Finally, Allied Private Wealth LLC purchased a new stake in shares of CoreWeave during the second quarter valued at $40,000.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CRWV. Barclays lifted their target price on CoreWeave from $90.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a report on Thursday, August 13th. The Goldman Sachs Group upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $106.00 price objective for the company in a research report on Monday, October 19th. JPMorgan Chase & Co. raised shares of CoreWeave from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $120.00 to $125.00 in a research note on Thursday, September 24th. Finally, Wells Fargo & Company lowered their price objective on shares of CoreWeave from $160.00 to $115.00 and set an “overweight” rating on the stock in a research note on Monday. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, CoreWeave currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.51.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Q3 results beat expectations: Revenue increased 168% year over year to $3.66 billion, topping estimates, while the quarterly loss per share was narrower than analysts expected. Reuters earnings report
• Positive Sentiment: Higher outlook and substantial demand visibility: Management raised its full-year revenue outlook to about $13.3 billion, and reported a backlog of roughly $132.5 billion. The company also expects about $9 billion in customer prepayments and deposits over the next three months, which could help fund expansion. Yahoo Finance outlook report
• Positive Sentiment: New customer and market opportunity: A multi-year agreement to provide Wayve with NVIDIA Blackwell-powered cloud capacity extends CoreWeave’s reach into autonomous driving and “physical AI.” Seeking Alpha Wayve deal report
• Neutral Sentiment: Cash generation remains debated: One earnings report said cash burn was below expectations, while other commentary highlighted rising losses and heavy spending. Investors will look for evidence that rapid growth can translate into stronger cash flow. Investor’s Business Daily earnings report
• Negative Sentiment: Debt and funding risks persist: CoreWeave’s data-center buildout requires substantial financing, and reports of elevated yields on its bonds have kept credit risk in focus. That concern could weigh on the shares if borrowing costs rise or funding becomes harder to secure. CNBC financing-risk report

About CoreWeave

CoreWeave is a cloud computing company that provides infrastructure for artificial intelligence, machine learning, and other compute-intensive workloads. Its services include access to graphics processing units (GPUs), cloud storage and networking, and software tools for deploying and managing workloads. The company was founded in 2017 as a cryptocurrency mining business and later shifted its focus to cloud computing. CoreWeave is headquartered in Livingston, New Jersey, and operates data center infrastructure in the United States and Europe, serving customers that need large-scale computing resources.