Brian Venturo Sells 76,924 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Brian Venturo sold 76,924 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $101.32, for a total value of $7,793,939.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Price Performance

Shares of CRWV opened at $96.58 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. CoreWeave Inc. has a 1 year low of $63.80 and a 1 year high of $173.35. The stock has a market cap of $43.23 billion, a P/E ratio of -31.05 and a beta of 7.14. The stock’s 50-day moving average price is $110.42 and its two-hundred day moving average price is $94.62.

CoreWeave (NASDAQ:CRWV) 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). The company 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 company’s revenue for the quarter was up 111.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.60) EPS. On average, equities analysts predict that CoreWeave Inc. will post -4.57 earnings per share for the current year.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy rating and a $250 price target, reinforcing the bullish view that CoreWeave could benefit from rising demand for AI infrastructure. Read More
• Positive Sentiment: BNP Paribas and other reports highlighted CoreWeave as a key beneficiary of the next AI chip cycle, while Cantor Fitzgerald reiterated an Overweight rating and a $167 target. Article Title
• Positive Sentiment: CoreWeave announced a partnership with Conapto to expand AI cloud capacity in Sweden, which supports the company’s growth narrative and international expansion. Article Title
• Neutral Sentiment: Several articles argue CoreWeave is one of the stocks that could double over the next two years, reflecting strong long-term enthusiasm but no new hard financial data. Article Title
• Negative Sentiment: CEO Michael Intrator sold shares under a pre-arranged trading plan, and insider Brannin McBee also sold stock. Even though the sales were planned, insider selling can still weigh on sentiment. SEC Filing

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC acquired a new position in shares of CoreWeave during the 1st quarter worth approximately $300,000. Empowered Funds LLC boosted its holdings in shares of CoreWeave by 4.1% in the 1st quarter. Empowered Funds LLC now owns 7,251 shares of the company’s stock valued at $562,000 after buying an additional 288 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of CoreWeave by 22.2% in the first quarter. NewEdge Advisors LLC now owns 59,155 shares of the company’s stock valued at $4,583,000 after buying an additional 10,731 shares in the last quarter. CTC Alternative Strategies Ltd. bought a new position in shares of CoreWeave in the first quarter valued at $852,000. Finally, Liontrust Investment Partners LLP increased its holdings in CoreWeave by 24.1% during the first quarter. Liontrust Investment Partners LLP now owns 127,752 shares of the company’s stock worth $9,897,000 after buying an additional 24,843 shares during the last quarter.

Analysts Set New Price Targets

CRWV has been the subject of a number of research analyst reports. Evercore reissued an “outperform” rating and issued a $150.00 target price on shares of CoreWeave in a research note on Wednesday, April 15th. Mizuho lifted their price objective on CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, May 8th. DA Davidson reissued a “neutral” rating and set a $100.00 target price (down from $175.00) on shares of CoreWeave in a research note on Monday, May 18th. Barclays raised their target price on shares of CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Finally, Wolfe Research began coverage on shares of CoreWeave in a research note on Thursday, April 16th. They issued an “outperform” rating and a $150.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $135.00.

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.