CoreWeave Inc. (NASDAQ:CRWV – Get Free Report) Director Jack Cogen sold 271,153 shares of CoreWeave stock in a transaction on Friday, May 29th. The stock was sold at an average price of $106.97, for a total value of $29,005,236.41. Following the sale, the director owned 8,769,676 shares of the company’s stock, valued at approximately $938,092,241.72. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
CoreWeave Trading Down 2.6%
CRWV opened at $108.03 on Friday. The stock’s fifty day moving average is $105.34 and its two-hundred day moving average is $91.46. The company has a market capitalization of $48.35 billion, a P/E ratio of -34.74 and a beta of 7.14. CoreWeave Inc. has a 52 week low of $63.80 and a 52 week high of $187.00. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68.
CoreWeave (NASDAQ:CRWV – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The firm 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 firm’s revenue for the quarter was up 111.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.60) EPS. Analysts forecast that CoreWeave Inc. will post -4.57 earnings per share for the current year.
Institutional Inflows and Outflows
Key Stories Impacting CoreWeave
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: BNP Paribas Exane initiated coverage on CoreWeave with an Outperform rating and a $192 price target, adding fresh Wall Street support and implying meaningful upside from current levels. BNP Paribas Initiates Coverage on CoreWeave. That Means CRWV Stock Could Soar 71% from Here.
- Positive Sentiment: CoreWeave expanded long-term AI infrastructure deals with Anthropic and Meta Platforms, including a Meta contract running to around 2032, which supports the company’s revenue visibility and growth narrative. CoreWeave’s Long-Term AI Deals Reframe Growth And Risk For Investors
- Positive Sentiment: CoreWeave’s first successful deployment and validation of NVIDIA’s Vera Rubin NVL72 system reinforces its position as an early leader in next-generation AI cloud infrastructure. Why CoreWeave (CRWV) Is Up 18.3% After First NVIDIA Vera Rubin NVL72 Cloud Deployment
- Positive Sentiment: CoreWeave is set to join the Russell 3000, which can increase institutional visibility and potential index-related demand for shares. CoreWeave’s Long-Term AI Deals Reframe Growth And Risk For Investors
- Neutral Sentiment: Insider sales by the COO and a major shareholder may weigh on sentiment, but the transactions were disclosed and some were made under pre-arranged trading plans, so they are not necessarily a bearish signal by themselves. CoreWeave (NASDAQ:CRWV) COO Sachin Jain Sells 3,798 Shares
- Negative Sentiment: CoreWeave’s recent earnings still showed a loss and a miss versus expectations, reminding investors that the company remains heavily dependent on fast growth to justify its valuation. CoreWeave earnings and stock data
Analyst Upgrades and Downgrades
Several research analysts have commented on CRWV shares. Mizuho raised their price objective on CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. BNP Paribas Exane started coverage on CoreWeave in a report on Tuesday. They set an “outperform” rating and a $192.00 price objective on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $135.00 price objective on shares of CoreWeave in a report on Friday, May 8th. DA Davidson restated a “neutral” rating and set a $100.00 price objective (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. Finally, Oppenheimer raised their price objective on CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Twenty analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, CoreWeave has a consensus rating of “Moderate Buy” and a consensus target price of $131.52.
About CoreWeave
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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