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 CoreWeave stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $96.89, for a total value of $7,453,166.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Stock Performance

NASDAQ CRWV traded up $4.81 during trading on Friday, reaching $100.55. 36,200,345 shares of the company’s stock were exchanged, compared to its average volume of 26,542,084. CoreWeave Inc. has a fifty-two week low of $63.80 and a fifty-two week high of $187.00. 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 company’s fifty day simple moving average is $107.85 and its 200-day simple moving average is $92.41.

CoreWeave (NASDAQ:CRWVGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.08 billion for the quarter. During the same period in the previous year, the firm earned ($0.60) EPS. The company’s revenue for the quarter was up 111.6% on a year-over-year basis. On average, research analysts expect that CoreWeave Inc. will post -4.57 EPS for the current year.

Analysts Set New Price Targets

CRWV has been the subject of a number of research reports. BNP Paribas Exane initiated coverage on CoreWeave in a research report on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 price objective for the company. Mizuho raised their price objective on CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. raised their price objective on CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Jefferies Financial Group raised their price objective on CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, DA Davidson restated a “neutral” rating and set a $100.00 price objective (down from $175.00) on shares of CoreWeave in a research report on Monday, May 18th. 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. According to MarketBeat.com, CoreWeave currently has an average rating of “Moderate Buy” and an average price target of $131.52.

View Our Latest Stock Report on CRWV

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

Institutional Investors Weigh In On CoreWeave

Institutional investors have recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of CoreWeave during the 3rd quarter valued at about $27,000. Rothschild Investment LLC lifted its holdings in shares of CoreWeave by 10,700.0% during the 3rd quarter. Rothschild Investment LLC now owns 216 shares of the company’s stock valued at $30,000 after buying an additional 214 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of CoreWeave during the 3rd quarter valued at about $30,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of CoreWeave during the 3rd quarter valued at about $34,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of CoreWeave by 272.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 251 shares during the last quarter.

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.

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

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