CoreWeave Inc. (NASDAQ:CRWV – Get Free Report) insider Brian Venturo sold 76,912 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $86.99, for a total value of $6,690,574.88. Following the transaction, the insider directly owned 283,985 shares in the company, valued at approximately $24,703,855.15. This represents a 21.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 CRWV stock traded down $3.93 during trading on Thursday, reaching $81.75. The company had a trading volume of 32,560,914 shares, compared to its average volume of 29,589,840. The firm’s 50 day simple moving average is $108.29 and its two-hundred day simple moving average is $94.80. CoreWeave Inc. has a one year low of $63.80 and a one year high of $166.22. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $36.59 billion, a PE ratio of -26.29 and a beta of 7.17.
CoreWeave (NASDAQ:CRWV – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (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 company had revenue of $2.08 billion for the quarter. During the same period in the prior year, the firm earned ($0.60) earnings per share. The firm’s revenue for the quarter was up 111.6% on a year-over-year basis. Sell-side analysts forecast that CoreWeave Inc. will post -4.57 earnings per share for the current year.
Institutional Investors Weigh In On CoreWeave
Analyst Upgrades and Downgrades
CRWV has been the subject of several recent analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $150.00 price objective on shares of CoreWeave in a report on Friday, May 8th. Citigroup lifted their target price on shares of CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Truist Financial boosted their target price on shares of CoreWeave from $85.00 to $131.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. DA Davidson restated a “neutral” rating and set a $100.00 price target (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $167.00 price target on shares of CoreWeave in a research report on Thursday, June 11th. Twenty-one 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $135.00.
Get Our Latest Analysis on CRWV
Key CoreWeave News
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: Rosenblatt Securities reaffirmed a buy rating on CoreWeave, signaling that at least some analysts still see meaningful upside despite the selloff. Coreweave Sell-off Sparks Buying Opportunity, Analyst Says Meta Fears Are Overblown
- Positive Sentiment: Supportive commentary argued the Meta-driven selloff may be overdone because CoreWeave still has a massive AI backlog and continued demand for compute capacity. CoreWeave (CRWV) Stock May Still Look Cheap Following Record AI Backlog
- Neutral Sentiment: CoreWeave launched ARIA, an AI research agent in Weights & Biases designed to automate analysis and speed model iteration, which is a product-positive update but not a major near-term stock catalyst. CoreWeave Unveils ARIA to Accelerate AI Research and Agent Development
- Neutral Sentiment: CoreWeave expanded its Livingston headquarters, a sign of continued growth, but the news is not enough to offset the current investor concern around competition and valuation. CoreWeave Expands HQ with Additional 31,000 SF in Livingston
- Negative Sentiment: Meta’s reported plan to sell excess AI compute has intensified fears that large hyperscalers could compete directly with CoreWeave, driving concern over future pricing power and customer retention. Stock Market Today, July 1: CoreWeave Stock Tumbles as Meta Cloud Report Raises Customer Concerns
- Negative Sentiment: Multiple reports highlighted CoreWeave’s heavy debt load and recent insider selling, adding to worries that the stock’s valuation may be vulnerable if growth expectations cool. CoreWeave Just Slipped Under $50 Billion. Is the Debt Finally Catching Up?
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.
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