CoreWeave (NASDAQ:CRWV) Insider Sells $7,453,166.36 in Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Brian Venturo sold 76,924 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $96.89, for a total value of $7,453,166.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Price Performance

Shares of CRWV opened at $100.55 on Monday. CoreWeave Inc. has a 52-week low of $63.80 and a 52-week high of $187.00. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The business’s 50 day moving average price is $107.85 and its two-hundred day moving average price is $92.54. The firm has a market cap of $45.00 billion, a PE ratio of -32.33 and a beta of 7.18.

CoreWeave (NASDAQ:CRWVGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (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 business had revenue of $2.08 billion during the quarter. During the same quarter in the previous year, the business posted ($0.60) earnings per share. The business’s revenue for the quarter was up 111.6% on a year-over-year basis. On average, equities analysts anticipate that CoreWeave Inc. will post -4.57 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CRWV shares. Oppenheimer increased their target price on CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. DA Davidson reiterated a “neutral” rating and issued a $100.00 target price (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. Needham & Company LLC reiterated a “hold” rating on shares of CoreWeave in a report on Friday, February 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $135.00 target price on shares of CoreWeave in a report on Friday, May 8th. Finally, Roth Mkm reiterated a “buy” rating and issued a $150.00 target price on shares of CoreWeave in a report on Friday, May 8th. Twenty investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CoreWeave currently has an average rating of “Moderate Buy” and a consensus price target of $131.52.

View Our Latest Report on CoreWeave

Institutional Investors Weigh In On CoreWeave

A number of institutional investors and hedge funds have recently bought and sold shares of CRWV. Sivia Capital Partners LLC purchased a new stake in CoreWeave in the 2nd quarter valued at $39,824,000. Quantbot Technologies LP purchased a new stake in CoreWeave in the 2nd quarter valued at $311,000. Invesco Ltd. purchased a new stake in CoreWeave in the 2nd quarter valued at $882,000. First Trust Advisors LP purchased a new stake in CoreWeave in the 2nd quarter valued at $20,260,000. Finally, Baird Financial Group Inc. purchased a new stake in CoreWeave in the 2nd quarter valued at $455,000.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

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.

Read More

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

Receive News & Ratings for CoreWeave Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreWeave and related companies with MarketBeat.com's FREE daily email newsletter.