Brian Venturo Sells 65,493 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Brian Venturo sold 65,493 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $95.69, for a total value of $6,267,025.17. Following the transaction, the insider owned 235,883 shares of the company’s stock, valued at approximately $22,571,644.27. This represents a 21.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.

CoreWeave Stock Performance

Shares of NASDAQ CRWV opened at $81.75 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. The stock has a market capitalization of $36.59 billion, a PE ratio of -26.29 and a beta of 7.17. CoreWeave Inc. has a twelve month low of $63.80 and a twelve month high of $166.22. The stock has a fifty day simple moving average of $107.48 and a 200-day simple moving average of $94.71.

CoreWeave (NASDAQ:CRWVGet Free Report) last posted 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 for the quarter. During the same quarter last year, the firm posted ($0.60) earnings per share. The company’s quarterly revenue was up 111.6% compared to the same quarter last year. On average, equities analysts forecast that CoreWeave Inc. will post -4.57 earnings per share for the current year.

Analysts Set New Price Targets

CRWV has been the subject of a number of research reports. Evercore restated an “outperform” rating and issued a $150.00 price objective on shares of CoreWeave in a report on Wednesday, April 15th. Barclays raised their price target on shares of CoreWeave from $106.00 to $120.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Jefferies Financial Group boosted their price target on shares of CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Oppenheimer boosted their price target on shares of CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Truist Financial upped their price objective on CoreWeave from $85.00 to $131.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. Twenty-one 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.00.

Get Our Latest Report on CoreWeave

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRWV. Sivia Capital Partners LLC acquired a new stake in shares of CoreWeave in the 2nd quarter valued at $39,824,000. Quantbot Technologies LP acquired a new position in shares of CoreWeave during the second quarter worth $311,000. Invesco Ltd. acquired a new position in shares of CoreWeave during the second quarter worth $882,000. First Trust Advisors LP acquired a new position in shares of CoreWeave during the second quarter worth $20,260,000. Finally, Baird Financial Group Inc. purchased a new position in CoreWeave in the second quarter valued at $455,000.

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.

See Also

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

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