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

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Brian Venturo sold 76,924 shares of CoreWeave stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $102.33, for a total transaction of $7,871,632.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Trading Up 2.5%

CRWV stock opened at $109.53 on Friday. The company has a market capitalization of $49.02 billion, a PE ratio of -35.22 and a beta of 7.84. CoreWeave Inc. has a one year low of $63.80 and a one year high of $187.00. The company’s 50 day moving average price is $102.63 and its two-hundred day moving average price is $90.63. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31.

CoreWeave (NASDAQ:CRWVGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The business had revenue of $2.08 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 quarterly revenue was up 111.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.60) earnings per share. As a group, analysts predict that CoreWeave Inc. will post -4.84 earnings per share for the current fiscal year.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

Analyst Ratings Changes

Several research analysts have commented on the stock. Roth Mkm reissued a “buy” rating and set a $150.00 price target on shares of CoreWeave in a research note on Friday, May 8th. Barclays lifted their price target on shares of CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. DA Davidson restated a “neutral” rating and issued a $100.00 target price (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. Citizens Jmp restated a “market outperform” rating and issued a $180.00 target price on shares of CoreWeave in a report on Friday, February 27th. Finally, HC Wainwright restated a “buy” rating and issued a $180.00 target price on shares of CoreWeave in a report on Monday, March 2nd. Nineteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $129.63.

Get Our Latest Report on CRWV

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. AE Wealth Management LLC bought a new position in shares of CoreWeave in the third quarter worth approximately $4,241,000. Vanguard Group Inc. increased its position in CoreWeave by 275.6% during the 4th 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in CoreWeave by 6,022.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock valued at $8,075,000 after purchasing an additional 110,926 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in CoreWeave by 67.2% during the 4th 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 during the period. Finally, Hidden Lake Asset Management LP purchased a new position in CoreWeave during the 3rd quarter valued at $14,814,000.

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.

Further Reading

Insider Buying and Selling by Quarter for CoreWeave (NASDAQ:CRWV)

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