CoreWeave (NASDAQ:CRWV) Insider Brian Venturo Sells 65,493 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWVGet 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:CRWVGet 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

Here are the key news stories impacting CoreWeave this week:

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

(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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Insider Buying and Selling by Quarter for CoreWeave (NASDAQ:CRWV)

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