Insider Selling: CoreWeave (NASDAQ:CRWV) Insider Sells $37,965,000.00 in Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Brian Venturo sold 375,000 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $101.24, for a total value of $37,965,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Price Performance

NASDAQ CRWV opened at $105.49 on Friday. The business’s fifty day moving average price is $100.22 and its 200-day moving average price is $90.88. The stock has a market capitalization of $47.21 billion, a price-to-earnings ratio of -33.92 and a beta of 7.84. 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 Inc. has a 1-year low of $63.80 and a 1-year high of $187.00.

CoreWeave (NASDAQ:CRWVGet Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The firm had revenue of $1.57 billion for the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The company’s revenue was up 110.4% compared to the same quarter last year. On average, equities analysts predict that CoreWeave Inc. will post -4.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

CRWV has been the topic of several research analyst reports. Bank of America raised CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Tuesday, March 24th. Wolfe Research initiated coverage on CoreWeave in a report on Thursday, April 16th. They set an “outperform” rating and a $150.00 price target on the stock. Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a report on Friday, February 27th. Macquarie Infrastructure reaffirmed a “neutral” rating and issued a $115.00 target price on shares of CoreWeave in a report on Tuesday, January 27th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $180.00 target price on shares of CoreWeave in a report on Friday, February 27th. Nineteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.63.

View Our Latest Stock Report on CoreWeave

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

Institutional Investors Weigh In On CoreWeave

A number of institutional investors have recently bought and sold shares of 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. Proficio Capital Partners LLC grew its position in shares of CoreWeave by 446,194.0% during the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after purchasing an additional 17,847,760 shares in the last quarter. Deutsche Bank AG grew its position in shares of CoreWeave by 22,624.0% during the fourth quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock valued at $273,039,000 after purchasing an additional 3,796,077 shares in the last quarter. Altimeter Capital Management LP purchased a new position in shares of CoreWeave during the fourth quarter valued at about $230,099,000. Finally, Alyeska Investment Group L.P. grew its position in shares of CoreWeave by 300.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after purchasing an additional 3,000,000 shares in the last quarter.

CoreWeave Company Profile

(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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