CoreWeave (NASDAQ:CRWV) Insider Sells $228,800.02 in Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Kristen Mcveety sold 2,246 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $101.87, for a total value of $228,800.02. Following the transaction, the insider owned 121,715 shares in the company, valued at approximately $12,399,107.05. This represents a 1.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Price Performance

Shares of NASDAQ:CRWV opened at $109.53 on Monday. CoreWeave Inc. has a 1 year low of $63.80 and a 1 year high of $187.00. The stock’s 50-day moving average is $102.63 and its 200 day moving average is $90.52. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $49.02 billion, a PE ratio of -35.22 and a beta of 7.18.

CoreWeave (NASDAQ:CRWVGet Free Report) last posted its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The firm had revenue of $2.08 billion for the quarter. During the same quarter last year, the business earned ($0.60) EPS. The business’s revenue for the quarter was up 111.6% on a year-over-year basis. Sell-side analysts anticipate that CoreWeave Inc. will post -4.84 EPS for the current year.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CRWV shares. Wells Fargo & Company upped their target price on CoreWeave from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Oppenheimer upped their target price on CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Barclays upped their target price on CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of CoreWeave in a report on Monday, May 4th. Finally, Mizuho upped their target price on CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.63.

Read Our Latest Research Report on CRWV

Institutional Trading of CoreWeave

Hedge funds and other institutional investors have recently made changes to their positions in the stock. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of CoreWeave in the 3rd quarter worth approximately $27,000. Aspect Partners LLC purchased a new stake in shares of CoreWeave in the 3rd quarter worth approximately $28,000. Rothschild Investment LLC grew its stake in shares of CoreWeave by 10,700.0% in the 3rd quarter. Rothschild Investment LLC now owns 216 shares of the company’s stock worth $30,000 after buying an additional 214 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of CoreWeave in the 3rd quarter worth approximately $30,000. Finally, UMB Bank n.a. purchased a new stake in shares of CoreWeave in the 3rd quarter worth approximately $34,000.

About CoreWeave

(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)

Receive News & Ratings for CoreWeave Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreWeave and related companies with MarketBeat.com's FREE daily email newsletter.