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

CoreWeave Inc. (NASDAQ:CRWV) EVP Chen Goldberg sold 19,904 shares of the firm’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $46.50, for a total value of $925,536.00. Following the completion of the transaction, the executive vice president owned 68,149 shares in the company, valued at $3,168,928.50. This represents a 22.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 shares were 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 shares were 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 stock was sold at an average price of $106.11, for a total value of $678,785.67.

CoreWeave Price Performance

Shares of CRWV opened at $46.40 on Friday. The stock has a market cap of $21.29 billion, a P/E ratio of -12.71 and a beta of 7.71. CoreWeave Inc. has a 1 year low of $40.58 and a 1 year high of $138.25. The stock’s 50-day moving average price is $75.56 and its two-hundred day moving average price is $89.88. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. William Blair started coverage on shares of CoreWeave in a report on Wednesday, September 30th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. upgraded shares of CoreWeave from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $120.00 to $125.00 in a research report on Thursday, September 24th. Morgan Stanley lowered their price objective on shares of CoreWeave from $99.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, October 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CoreWeave in a research note on Monday, September 21st. Finally, Barclays lifted their target price on CoreWeave from $90.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $129.41.

Key CoreWeave News

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 Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Astra Wealth Partners LLC bought a new position in CoreWeave during the third quarter worth $264,000. Money Concepts Capital Corp raised its position in shares of CoreWeave by 10.5% in the third quarter. Money Concepts Capital Corp now owns 2,784 shares of the company’s stock valued at $243,000 after purchasing an additional 264 shares during the period. Russell Investments Group Ltd. raised its position in shares of CoreWeave by 6.6% in the third quarter. Russell Investments Group Ltd. now owns 126,366 shares of the company’s stock valued at $11,008,000 after purchasing an additional 7,794 shares during the period. Eurizon Capital SGR S.p.A. lifted its stake in shares of CoreWeave by 41.9% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 21,124 shares of the company’s stock worth $1,840,000 after buying an additional 6,240 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of CoreWeave during the 3rd quarter worth about $203,000.

About CoreWeave

CoreWeave is a cloud computing company that provides infrastructure for artificial intelligence, machine learning, and other compute-intensive workloads. Its services include access to graphics processing units (GPUs), cloud storage and networking, and software tools for deploying and managing workloads.

The company was founded in 2017 as a cryptocurrency mining business and later shifted its focus to cloud computing. CoreWeave is headquartered in Livingston, New Jersey, and operates data center infrastructure in the United States and Europe, serving customers that need large-scale computing resources.

Co-founder Michael Intrator serves as CoreWeave’s chief executive officer.