Chen Goldberg Sells 14,168 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) EVP Chen Goldberg sold 14,168 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $100.34, for a total transaction of $1,421,617.12. Following the completion of the sale, the executive vice president directly owned 64,909 shares of the company’s stock, valued at approximately $6,512,969.06. The trade was a 17.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 Tuesday, May 5th, Chen Goldberg sold 19,222 shares of CoreWeave stock. The stock was 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 stock was 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 Stock Down 1.9%

Shares of NASDAQ CRWV opened at $105.49 on Friday. The company has a market cap of $47.21 billion, a P/E ratio of -33.92 and a beta of 7.84. The firm has a 50-day simple moving average of $100.22 and a two-hundred day simple moving average of $90.88. CoreWeave Inc. has a 1 year low of $63.80 and a 1 year high of $187.00. 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 (NASDAQ:CRWV) last issued its earnings results on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). The company had revenue of $1.57 billion for the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The business’s revenue for the quarter was up 110.4% compared to the same quarter last year. Research analysts anticipate that CoreWeave Inc. will post -4.58 earnings per share for the current year.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced that CFO Nitin Agrawal will present at the Jefferies Software, Internet, and AI Conference on May 27, which keeps the company visible to investors and may reinforce the bullish AI growth narrative. CoreWeave to Participate in the Jefferies Software, Internet, and AI Conference
• Positive Sentiment: New coverage highlighted CoreWeave’s partnership with Pulumi, which ties its GPU cloud more tightly into AI developer workflows and could make the platform stickier for enterprise customers. CoreWeave Pulumi Deal Ties GPU Cloud To AI Developer Workflows
• Positive Sentiment: Several bullish articles continue to frame CoreWeave as a major beneficiary of AI infrastructure spending, citing strong revenue growth, a large backlog, and a new expanded AI infrastructure agreement with Meta. CoreWeave Scores Big With Meta — We See 66% Upside
• Neutral Sentiment: Market commentary comparing CoreWeave with Oracle and other AI infrastructure names may keep the stock in focus, but it does not add a clear new catalyst by itself. CoreWeave vs. Oracle: Which AI Infrastructure Stock is the Better Pick?
• Negative Sentiment: Insider selling remains a headwind, with CEO Michael Intrator and insider Brian Venturo both selling shares this week, which can weigh on investor confidence despite the trades being under pre-arranged 10b5-1 plans. CoreWeave insider trading filing
• Negative Sentiment: Recent analyst and media commentary has also been cautious, pointing to CoreWeave’s leverage, losses, and valuation risk, which helps explain why the stock has faced selling pressure despite strong AI demand. As AI infrastructure heats up, stay on the sidelines with CoreWeave stock

Hedge Funds Weigh In On CoreWeave

Several institutional investors and hedge funds have recently bought and sold shares of the company. CTC Alternative Strategies Ltd. purchased a new position in CoreWeave in the first quarter worth $852,000. Liontrust Investment Partners LLP grew its holdings in CoreWeave by 24.1% in the first quarter. Liontrust Investment Partners LLP now owns 127,752 shares of the company’s stock worth $9,897,000 after purchasing an additional 24,843 shares during the last quarter. SOA Wealth Advisors LLC. grew its holdings in CoreWeave by 79.0% in the first quarter. SOA Wealth Advisors LLC. now owns 886 shares of the company’s stock worth $69,000 after purchasing an additional 391 shares during the last quarter. Pathway Wealth Management LLC grew its holdings in CoreWeave by 2.9% in the first quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock worth $278,000 after purchasing an additional 100 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new position in CoreWeave in the first quarter worth $300,000.

Wall Street Analyst Weigh In

CRWV has been the topic of a number of research reports. Barclays raised their target price on shares of CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Citizens Jmp reaffirmed a “market outperform” rating and set a $180.00 target price on shares of CoreWeave in a research report on Friday, February 27th. Bank of America raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Tuesday, March 24th. HC Wainwright reaffirmed a “buy” rating and set a $180.00 target price on shares of CoreWeave in a research report on Monday, March 2nd. Finally, Jefferies Financial Group raised their target price on shares of CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Nineteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $129.63.

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.