Insider Selling: CoreWeave (NASDAQ:CRWV) Insider Sells 3,833 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Kristen Mcveety sold 3,833 shares of CoreWeave stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $99.82, for a total transaction of $382,610.06. Following the completion of the transaction, the insider owned 123,961 shares in the company, valued at $12,373,787.02. This trade represents a 3.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

CoreWeave Stock Performance

Shares of NASDAQ:CRWV traded down $2.09 on Friday, hitting $105.49. 19,860,247 shares of the company were exchanged, compared to its average volume of 29,885,526. The company’s 50 day moving average price is $100.22 and its two-hundred day moving average price is $90.88. CoreWeave Inc. has a one year low of $63.80 and a one year high of $187.00. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization of $47.21 billion, a price-to-earnings ratio of -33.92 and a beta of 7.84.

CoreWeave (NASDAQ:CRWVGet Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.28). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The company had revenue of $1.57 billion for the quarter. The company’s quarterly revenue was up 110.4% on a year-over-year basis. Research analysts expect that CoreWeave Inc. will post -4.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CRWV. Sanford C. Bernstein boosted their price objective on shares of CoreWeave from $56.00 to $67.00 and gave the stock an “underperform” rating in a report on Tuesday, April 14th. Macquarie Infrastructure restated a “neutral” rating and set a $115.00 price objective on shares of CoreWeave in a report on Tuesday, January 27th. Jefferies Financial Group boosted their price objective on shares of CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Cantor Fitzgerald boosted their price objective on shares of CoreWeave from $156.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Finally, Wolfe Research began coverage on shares of CoreWeave in a report on Thursday, April 16th. They set an “outperform” rating and a $150.00 price objective on the stock. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, CoreWeave currently has a consensus rating of “Moderate Buy” and an average price target of $129.63.

Read Our Latest Stock Report on CRWV

Institutional Trading of CoreWeave

Institutional investors have recently made changes to their positions in the business. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of CoreWeave during the 3rd quarter valued at about $27,000. Aspect Partners LLC acquired a new position in CoreWeave in the third quarter valued at about $28,000. Rothschild Investment LLC boosted its position in CoreWeave by 10,700.0% in the third quarter. Rothschild Investment LLC now owns 216 shares of the company’s stock valued at $30,000 after buying an additional 214 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new position in CoreWeave in the third quarter valued at about $30,000. Finally, UMB Bank n.a. acquired a new position in CoreWeave in the third quarter valued at about $34,000.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

CoreWeave Company Profile

(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.

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

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