CoreWeave (NASDAQ:CRWV) CEO Sells $4,367,000.00 in Stock

CoreWeave Inc. (NASDAQ:CRWV) CEO Michael Intrator sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $87.34, for a total value of $4,367,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

CoreWeave Stock Down 7.0%

Shares of NASDAQ:CRWV opened at $74.81 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 4.46. The company has a market capitalization of $31.35 billion and a P/E ratio of -23.38. CoreWeave Inc. has a 52-week low of $33.51 and a 52-week high of $187.00. The stock’s fifty day simple moving average is $88.25 and its 200-day simple moving average is $97.30.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative return on equity of 33.82% and a negative net margin of 22.75%.The company had revenue of $1.57 billion for the quarter. CoreWeave’s revenue was up 110.4% on a year-over-year basis.

Wall Street Analysts Forecast Growth

CRWV has been the subject of a number of analyst reports. Truist Financial boosted their price objective on shares of CoreWeave from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, February 27th. HC Wainwright restated a “buy” rating and set a $180.00 target price on shares of CoreWeave in a research report on Monday, March 2nd. Macquarie Infrastructure reaffirmed a “neutral” rating and issued a $115.00 target price on shares of CoreWeave in a research note on Tuesday, January 27th. Citizens Jmp reiterated a “market outperform” rating and issued a $180.00 price target on shares of CoreWeave in a report on Friday, February 27th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $131.00 price target on shares of CoreWeave in a research note on Friday, February 27th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $121.06.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC grew its holdings in CoreWeave by 272.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after purchasing an additional 251 shares during the period. Family Legacy Financial Solutions LLC increased its position in CoreWeave by 166.7% during the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock worth $27,000 after purchasing an additional 125 shares during the last quarter. HighMark Wealth Management LLC purchased a new position in CoreWeave during the third quarter worth approximately $27,000. OLD Second National Bank of Aurora purchased a new position in CoreWeave during the third quarter worth approximately $27,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of CoreWeave in the 3rd quarter valued at $27,000.

CoreWeave Company Profile

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.