CoreWeave (NASDAQ:CRWV) Insider Brian Venturo Sells 76,924 Shares

CoreWeave Inc. (NASDAQ:CRWV) insider Brian Venturo sold 76,924 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $101.32, for a total value of $7,793,939.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Stock Down 2.2%

Shares of NASDAQ CRWV traded down $2.18 during mid-day trading on Friday, hitting $96.58. 47,602,879 shares of the stock traded hands, compared to its average volume of 29,509,776. The stock has a fifty day moving average price of $110.42 and a 200-day moving average price of $94.62. CoreWeave Inc. has a 52 week low of $63.80 and a 52 week high of $173.35. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The firm 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%.The company’s quarterly revenue was up 111.6% compared to the same quarter last year. During the same period last year, the business posted ($0.60) EPS. As a group, research analysts forecast that CoreWeave Inc. will post -4.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CRWV shares. Weiss Ratings raised CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a report on Friday, February 27th. BNP Paribas Exane started coverage on CoreWeave in a research note on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 target price on the stock. Jefferies Financial Group lifted their price target on CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Citigroup upped their price target 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. Twenty-one analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.00.

Institutional Trading of CoreWeave

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

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy rating and a $250 price target, reinforcing the bullish view that CoreWeave could benefit from rising demand for AI infrastructure. Read More
• Positive Sentiment: BNP Paribas and other reports highlighted CoreWeave as a key beneficiary of the next AI chip cycle, while Cantor Fitzgerald reiterated an Overweight rating and a $167 target. Article Title
• Positive Sentiment: CoreWeave announced a partnership with Conapto to expand AI cloud capacity in Sweden, which supports the company’s growth narrative and international expansion. Article Title
• Neutral Sentiment: Several articles argue CoreWeave is one of the stocks that could double over the next two years, reflecting strong long-term enthusiasm but no new hard financial data. Article Title
• Negative Sentiment: CEO Michael Intrator sold shares under a pre-arranged trading plan, and insider Brannin McBee also sold stock. Even though the sales were planned, insider selling can still weigh on sentiment. SEC Filing

About CoreWeave

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.