CoreWeave Inc. (NASDAQ:CRWV – Get Free Report) CEO Michael Intrator sold 200,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $106.81, for a total value of $21,362,000.00. Following the transaction, the chief executive officer directly owned 3,276,815 shares in the company, valued at $349,996,610.15. This represents a 5.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CoreWeave Stock Performance
Shares of CRWV traded down $2.12 during trading hours on Thursday, hitting $98.76. The company’s stock had a trading volume of 21,610,723 shares, compared to its average volume of 28,453,424. The business has a 50 day simple moving average of $111.23 and a two-hundred day simple moving average of $94.53. The company has a market cap of $44.20 billion, a price-to-earnings ratio of -31.76 and a beta of 7.14. CoreWeave Inc. has a 52-week low of $63.80 and a 52-week high of $173.35. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31.
CoreWeave (NASDAQ:CRWV – Get Free Report) last released its quarterly earnings results 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 company had revenue of $2.08 billion during the quarter. During the same period in the previous year, the company posted ($0.60) earnings per share. CoreWeave’s quarterly revenue was up 111.6% on a year-over-year basis. On average, equities analysts expect that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
CRWV has been the topic of a number of analyst reports. Barclays boosted their price target on CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Rosenblatt Securities initiated coverage on shares of CoreWeave in a report on Thursday. They issued a “buy” rating and a $250.00 target price for the company. Weiss Ratings raised CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. Wells Fargo & Company boosted their price objective on CoreWeave from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Mizuho upped their price target on shares of CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Twenty-one analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.
Read Our Latest Stock Analysis on CRWV
CoreWeave News Roundup
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, implying substantial upside from recent levels and helping boost sentiment around the stock. Benzinga article
- Positive Sentiment: CoreWeave announced a partnership with Conapto to expand AI cloud capacity in Sweden, adding two Stockholm campuses powered by renewable energy. The deal supports CoreWeave’s international growth story and could strengthen its position in European AI infrastructure demand. Business Wire article
- Neutral Sentiment: The stock has also been highlighted in analyst and market commentary as a high-interest AI infrastructure name, keeping CRWV in focus among traders and momentum investors. 24/7 Wall St. article
- Negative Sentiment: Recent SEC filings showed insider Brannin Mcbee sold multiple blocks of stock under a pre-arranged trading plan. Even though the sales were planned, insider selling can still pressure sentiment when investors are looking for confidence from management. SEC filing
- Negative Sentiment: CoreWeave’s latest earnings showed a miss on EPS despite strong revenue growth, reminding investors that profitability remains under pressure and that the business is still scaling aggressively. That backdrop can limit upside on days when sentiment cools.
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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