Jack Cogen Sells 271,153 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) Director Jack Cogen sold 271,153 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $106.97, for a total transaction of $29,005,236.41. Following the completion of the transaction, the director owned 8,769,676 shares in the company, valued at approximately $938,092,241.72. The trade was a 3.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

CoreWeave Stock Performance

Shares of CRWV stock opened at $110.93 on Thursday. The company has a market capitalization of $49.65 billion, a price-to-earnings ratio of -35.67 and a beta of 7.14. 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 Inc. has a one year low of $63.80 and a one year high of $187.00. The company’s 50-day moving average is $104.84 and its 200 day moving average is $91.25.

CoreWeave (NASDAQ:CRWV) last issued its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter. During the same period in the previous year, the business earned ($0.60) earnings per share. The business’s revenue was up 111.6% on a year-over-year basis. Sell-side analysts expect that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Institutional Investors Weigh In On CoreWeave

A number of large investors have recently added to or reduced their stakes in CRWV. Vanguard Group Inc. increased its position in shares of 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of CoreWeave by 6,022.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock worth $8,075,000 after purchasing an additional 110,926 shares during the period. Legal & General Group Plc boosted its holdings in shares of CoreWeave by 8,455.6% in the fourth quarter. Legal & General Group Plc now owns 611,301 shares of the company’s stock worth $43,775,000 after buying an additional 604,156 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in CoreWeave by 67.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock valued at $4,794,000 after buying an additional 26,907 shares during the period. Finally, Hidden Lake Asset Management LP bought a new stake in CoreWeave during the third quarter valued at approximately $14,814,000.

Analyst Ratings Changes

Several analysts have commented on CRWV shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of CoreWeave in a research note on Monday, May 4th. Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a research note on Friday, February 27th. Evercore reaffirmed an “outperform” rating and set a $150.00 price target on shares of CoreWeave in a report on Wednesday, April 15th. Mizuho increased their price objective on CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Citigroup lifted their price objective on CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Twenty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.52.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: BNP Paribas initiated coverage on CoreWeave with an Outperform rating and a lofty price target, adding fresh Wall Street support for the stock’s AI growth narrative. CoreWeave rises after BNP Paribas starts coverage with bullish views
• Positive Sentiment: CoreWeave’s validation of NVIDIA’s Vera Rubin NVL72 system strengthens its standing as a leading AI cloud provider and could help attract more enterprise AI workloads. Why CoreWeave (CRWV) Is Up 18.3% After First NVIDIA Vera Rubin NVL72 Cloud Deployment
• Positive Sentiment: Traders appear to be leaning bullish, with reports of unusually high options volume and continued momentum tied to AI sector strength. CoreWeave Sees Unusually High Options Volume
• Neutral Sentiment: Some market commentary still frames CRWV as a “wait-and-see” story, suggesting investors may want proof that growth and execution can justify the valuation. Buy, Hold, or Sell: Is CoreWeave a Multibagger in the Making, or an AI Infrastructure Debt Trap?
• Negative Sentiment: Insider selling by Director Jack Cogen may slightly weigh on sentiment, even though the sale was small relative to his remaining stake. Jack Cogen Sells 271,153 Shares of CoreWeave

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.