Chen Goldberg Sells 5,541 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) EVP Chen Goldberg sold 5,541 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $107.29, for a total transaction of $594,493.89. Following the sale, the executive vice president directly owned 59,368 shares of the company’s stock, valued at $6,369,592.72. The trade was a 8.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chen Goldberg also recently made the following trade(s):

  • On Wednesday, May 20th, Chen Goldberg sold 14,168 shares of CoreWeave stock. The stock was sold at an average price of $100.34, for a total transaction of $1,421,617.12.
  • On Tuesday, May 5th, Chen Goldberg sold 19,222 shares of CoreWeave stock. The shares were sold at an average price of $125.00, for a total transaction of $2,402,750.00.
  • On Monday, April 27th, Chen Goldberg sold 4,879 shares of CoreWeave stock. The shares were sold at an average price of $109.00, for a total transaction of $531,811.00.
  • On Wednesday, April 8th, Chen Goldberg sold 9,757 shares of CoreWeave stock. The stock was sold at an average price of $92.00, for a total transaction of $897,644.00.
  • On Tuesday, March 31st, Chen Goldberg sold 16 shares of CoreWeave stock. The stock was sold at an average price of $74.05, for a total transaction of $1,184.80.

CoreWeave Trading Up 2.4%

Shares of CRWV stock opened at $117.95 on Friday. CoreWeave Inc. has a 1 year low of $63.80 and a 1 year high of $187.00. The firm has a fifty day moving average price of $110.37 and a 200-day moving average price of $93.70. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $52.79 billion, a price-to-earnings ratio of -37.93 and a beta of 7.14.

CoreWeave (NASDAQ:CRWVGet Free Report) last posted 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 company had revenue of $2.08 billion during the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.CoreWeave’s quarterly revenue was up 111.6% compared to the same quarter last year. During the same period last year, the business earned ($0.60) EPS. As a group, equities analysts predict that CoreWeave Inc. will post -4.57 earnings per share for the current year.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of CoreWeave by 275.6% during the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after purchasing an additional 20,487,478 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CoreWeave by 6,022.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock valued at $8,075,000 after buying an additional 110,926 shares during the last quarter. Legal & General Group Plc boosted its stake in CoreWeave by 8,455.6% during the fourth quarter. Legal & General Group Plc now owns 611,301 shares of the company’s stock valued at $43,775,000 after buying an additional 604,156 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in CoreWeave by 67.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock valued at $4,794,000 after buying an additional 26,907 shares in the last quarter. Finally, Hidden Lake Asset Management LP purchased a new position in CoreWeave during the 3rd quarter valued at approximately $14,814,000.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CRWV. JPMorgan Chase & Co. lifted their price objective on CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Evercore restated an “outperform” rating and set a $150.00 target price on shares of CoreWeave in a research note on Wednesday, April 15th. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of CoreWeave in a report on Thursday, June 11th. Citigroup increased their price objective on shares of CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $167.00 price objective on shares of CoreWeave in a research report on Thursday, June 11th. Twenty investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.52.

Read Our Latest Report on CoreWeave

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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