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 the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $96.89, for a total transaction of $7,453,166.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Trading Up 5.0%

CRWV opened at $100.55 on Friday. The stock has a market capitalization of $45.00 billion, a PE ratio of -32.33 and a beta of 7.14. The firm’s fifty day moving average price is $107.85 and its 200 day moving average price is $92.41. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. CoreWeave Inc. has a 12-month low of $63.80 and a 12-month high of $187.00.

CoreWeave (NASDAQ:CRWVGet Free Report) last posted its quarterly 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). The company had revenue of $2.08 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. CoreWeave’s quarterly revenue was up 111.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.60) earnings per share. As a group, research analysts expect that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CRWV shares. Oppenheimer upped their price target on shares of CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $167.00 target price on shares of CoreWeave in a research note on Thursday. HC Wainwright reiterated a “buy” rating and set a $180.00 target price on shares of CoreWeave in a research note on Monday, March 2nd. Evercore reiterated an “outperform” rating and set a $150.00 target price on shares of CoreWeave in a research note on Wednesday, April 15th. Finally, Wells Fargo & Company boosted their target price on shares of CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Twenty investment 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.52.

Read Our Latest Stock Report on CoreWeave

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

Institutional Trading of CoreWeave

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in CoreWeave by 275.6% in the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after buying an additional 20,487,478 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in CoreWeave by 6,022.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock valued at $8,075,000 after buying an additional 110,926 shares in the last quarter. Legal & General Group Plc grew its position in CoreWeave by 8,455.6% in the 4th quarter. Legal & General Group Plc now owns 611,301 shares of the company’s stock valued at $43,775,000 after buying an additional 604,156 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in CoreWeave by 67.2% in 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 buying an additional 26,907 shares in the last quarter. Finally, Hidden Lake Asset Management LP bought a new position in CoreWeave in the 3rd quarter valued at about $14,814,000.

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.

Featured Stories

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.