Insider Selling: CoreWeave (NASDAQ:CRWV) Insider Sells $6,690,574.88 in Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Brian Venturo sold 76,912 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $86.99, for a total transaction of $6,690,574.88. Following the completion of the transaction, the insider directly owned 283,985 shares of the company’s stock, valued at $24,703,855.15. This represents a 21.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 Price Performance

NASDAQ:CRWV opened at $81.75 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The business’s 50-day simple moving average is $107.48 and its two-hundred day simple moving average is $94.71. The stock has a market cap of $36.59 billion, a PE ratio of -26.29 and a beta of 7.17. CoreWeave Inc. has a 52 week low of $63.80 and a 52 week high of $166.22.

CoreWeave (NASDAQ:CRWVGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The business had revenue of $2.08 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm’s quarterly revenue was up 111.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.60) EPS. As a group, analysts forecast that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on CRWV shares. Bank of America upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Tuesday, March 24th. Cantor Fitzgerald reissued an “overweight” rating and issued a $167.00 target price on shares of CoreWeave in a report on Thursday, June 11th. Rosenblatt Securities reissued a “buy” rating on shares of CoreWeave in a report on Thursday. Sanford C. Bernstein restated an “underperform” rating on shares of CoreWeave in a research report on Thursday, June 11th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $100.00 target price (down from $175.00) on shares of CoreWeave in a research note on Monday, May 18th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, CoreWeave has a consensus rating of “Moderate Buy” and an average price target of $135.00.

Check Out Our Latest Research Report on CoreWeave

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

Hedge Funds Weigh In On CoreWeave

Several institutional investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its holdings in shares of CoreWeave by 272.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after acquiring an additional 251 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in shares of CoreWeave in the third quarter valued at $27,000. Cullen Frost Bankers Inc. grew its holdings in shares of CoreWeave by 45.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after purchasing an additional 121 shares in the last quarter. Greenline Wealth Management LLC bought a new stake in CoreWeave in the fourth quarter worth $28,000. Finally, Peterson Wealth Services increased its position in CoreWeave by 153.1% in the first quarter. Peterson Wealth Services now owns 405 shares of the company’s stock worth $31,000 after purchasing an additional 245 shares during the last quarter.

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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