CoreWeave (NASDAQ:CRWV) EVP Chen Goldberg Sells 19,904 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) EVP Chen Goldberg sold 19,904 shares of the stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $46.50, for a total value of $925,536.00. Following the sale, the executive vice president directly owned 68,149 shares in the company, valued at $3,168,928.50. This trade represents a 22.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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, September 30th, Chen Goldberg sold 5 shares of CoreWeave stock. The stock was sold at an average price of $87.69, for a total value of $438.45.
• On Tuesday, September 8th, Chen Goldberg sold 22,424 shares of CoreWeave stock. The stock was sold at an average price of $95.91, for a total value of $2,150,685.84.
• On Thursday, August 20th, Chen Goldberg sold 8,628 shares of CoreWeave stock. The stock was sold at an average price of $91.88, for a total value of $792,740.64.
• On Monday, August 17th, Chen Goldberg sold 6,397 shares of CoreWeave stock. The shares were sold at an average price of $106.11, for a total value of $678,785.67.

CoreWeave Stock Up 6.3%

CRWV stock traded up $2.74 during trading on Friday, reaching $46.40. 59,273,176 shares of the company traded hands, compared to its average volume of 32,130,467. The business has a 50 day simple moving average of $76.37 and a 200 day simple moving average of $90.13. CoreWeave Inc. has a 12 month low of $40.58 and a 12 month high of $138.25. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market capitalization of $21.29 billion, a price-to-earnings ratio of -12.71 and a beta of 7.71.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, topping analysts’ consensus estimates of ($1.52) by $0.38. The business had revenue of $2.58 billion during the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The business’s revenue for the quarter was up 112.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.27) earnings per share. On average, equities research analysts anticipate that CoreWeave Inc. will post -4.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. TD Cowen upgraded shares of CoreWeave to a “buy” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $106.00 target price for the company in a research report on Monday, October 19th. William Blair assumed coverage on shares of CoreWeave in a research note on Wednesday, September 30th. They issued an “outperform” rating for the company. Barclays lifted their price target on shares of CoreWeave from $90.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Finally, Mizuho reduced their price target on CoreWeave from $115.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, October 15th. Twenty-seven research 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 MarketBeat, CoreWeave currently has a consensus rating of “Moderate Buy” and an average target price of $129.41.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Better-than-expected results from other AI-cloud companies helped spark a sector relief rally, lifting CoreWeave after Thursday’s losses. Article: Cloudflare and IREN earnings spark an AI-cloud rebound
• Positive Sentiment: Investors are looking to strong AI demand, a reported $104 billion backlog and expanding infrastructure as potential supports for CoreWeave’s Q3 results. Article: CRWV poised for a Q3 earnings beat
• Neutral Sentiment: Q3 expectations point to rapid growth—guidance implies roughly 158% year-over-year revenue growth—but an adjusted operating margin of about 6.5% would underscore that growth is not yet translating into robust profitability. Article: CoreWeave stock is no bargain—earnings preview
• Negative Sentiment: CoreWeave’s bond yield has topped 16%, signaling heightened concern about the cost of financing its infrastructure expansion. High leverage and a 0.46 current ratio add to refinancing and liquidity risks. Article: CoreWeave bond yield tops 16%
• Negative Sentiment: Investors are also weighing possible tighter rules and slower permitting for data centers, including in Texas, a key market for infrastructure growth. Article: Is CoreWeave facing a growth squeeze from data-center rules?
• Negative Sentiment: A broader pullback in AI and data-center stocks, alongside an analyst downgrade and a price-target cut, has added pressure ahead of earnings. Article: AI stocks hammered as data-center concerns rise

Institutional Trading of CoreWeave

A number of institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new position in CoreWeave during the 2nd quarter valued at approximately $15,543,000. California State Teachers Retirement System lifted its stake in shares of CoreWeave by 25.5% during the first quarter. California State Teachers Retirement System now owns 320,011 shares of the company’s stock worth $24,791,000 after buying an additional 64,960 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of CoreWeave by 12.6% during the first quarter. Bank of New York Mellon Corp now owns 353,702 shares of the company’s stock worth $27,401,000 after buying an additional 39,599 shares during the period. Ardmore Road Asset Management LP lifted its stake in shares of CoreWeave by 3,410.0% during the first quarter. Ardmore Road Asset Management LP now owns 351,000 shares of the company’s stock worth $27,192,000 after buying an additional 341,000 shares during the period. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of CoreWeave by 30.6% during the second quarter. TD Waterhouse Canada Inc. now owns 73,470 shares of the company’s stock valued at $7,313,000 after buying an additional 17,196 shares during the last quarter.

About CoreWeave

CoreWeave, Inc is a specialized cloud computing company that provides infrastructure designed for artificial intelligence (AI), machine learning, and other high-performance computing workloads. Its platform gives customers access to accelerated computing resources, including graphics processing units (GPUs), along with the networking, storage, and software tools needed to develop, train, and deploy demanding applications.

The company offers cloud services for AI model training and inference, visual effects and rendering, scientific computing, and other data-intensive workloads.