Jack Cogen Sells 100,000 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) Director Jack Cogen sold 100,000 shares of CoreWeave stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $103.77, for a total value of $10,377,000.00. Following the transaction, the director directly owned 9,683,136 shares in the company, valued at approximately $1,004,819,022.72. The trade was a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

CoreWeave Price Performance

NASDAQ:CRWV opened at $109.53 on Friday. The business’s 50-day moving average price is $102.63 and its 200 day moving average price is $90.63. The firm has a market cap of $49.02 billion, a P/E ratio of -35.22 and a beta of 7.84. CoreWeave Inc. has a 52-week low of $63.80 and a 52-week high of $187.00. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68.

CoreWeave (NASDAQ:CRWV) last released its earnings results 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 for the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The firm’s revenue for the quarter was up 111.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.60) earnings per share. As a group, sell-side 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:

• Positive Sentiment: CoreWeave launched new unified agentic AI capabilities that aim to connect training and inference in a closed loop, reinforcing its role as a key AI infrastructure provider and supporting the long-term growth story. CoreWeave’s Closed Loop Agentic AI Aims To Reshape Growth Expectations
• Positive Sentiment: Reports highlighted CoreWeave’s backlog approaching $100 billion, suggesting strong demand visibility and multi-year revenue potential as AI cloud spending remains robust. CoreWeave’s Backlog Hits Nearly $100B: Multi-Year Growth Secured?
• Positive Sentiment: Analysts remain constructive overall, with recent target increases and a favorable long-term outlook tied to explosive AI infrastructure demand. Here’s What Analysts Think About CoreWeave, Inc. (CRWV)
• Neutral Sentiment: CoreWeave also announced participation in the BofA Securities Global Technology Conference, which keeps management in front of investors but is not a fundamental catalyst by itself. CoreWeave to Participate in the BofA Securities Global Technology Conference
• Negative Sentiment: Heavy insider selling may be pressuring sentiment, including large share sales by Director Jack D. Cogen and additional sales by CEO Michael Intrator, CFO Nitin Agrawal, COO Sachin Jain, and Director Karen Boone. SEC filing for insider sale
• Negative Sentiment: Investors are still focused on CoreWeave’s sizable losses and capital intensity, which could limit enthusiasm despite strong revenue growth and major customer commitments. CoreWeave Lost $740 Million in 90 Days. Then Meta Handed It $21 Billion.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Evercore reaffirmed an “outperform” rating and set a $150.00 target price on shares of CoreWeave in a report on Wednesday, April 15th. 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 note on Monday, May 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of CoreWeave in a research note on Monday, May 4th. DA Davidson reissued a “neutral” rating and issued a $100.00 price target (down from $175.00) on shares of CoreWeave in a research note on Monday, May 18th. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $180.00 price target on shares of CoreWeave in a research note on Friday, February 27th. Nineteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.63.

Hedge Funds Weigh In On CoreWeave

A number of institutional investors have recently bought and sold shares of CRWV. Sivia Capital Partners LLC purchased a new position in CoreWeave in the 2nd quarter worth about $39,824,000. Quantbot Technologies LP purchased a new position in CoreWeave during the 2nd quarter valued at about $311,000. Invesco Ltd. acquired a new position in shares of CoreWeave in the 2nd quarter valued at about $882,000. First Trust Advisors LP acquired a new position in shares of CoreWeave in the 2nd quarter valued at about $20,260,000. Finally, Baird Financial Group Inc. acquired a new stake in shares of CoreWeave during the second quarter worth approximately $455,000.

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.