Insider Selling: CoreWeave (NASDAQ:CRWV) COO Sells $770,175.00 in Stock

CoreWeave Inc. (NASDAQ:CRWV) COO Sachin Jain sold 7,335 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $105.00, for a total value of $770,175.00. Following the completion of the transaction, the chief operating officer directly owned 115,356 shares in the company, valued at approximately $12,112,380. This represents a 5.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sachin Jain also recently made the following trade(s):

• On Wednesday, April 8th, Sachin Jain sold 3,953 shares of CoreWeave stock. The stock was sold at an average price of $92.00, for a total value of $363,676.00.

CoreWeave Stock Up 0.7%

NASDAQ CRWV opened at $119.56 on Friday. The stock’s 50 day moving average is $87.99 and its 200 day moving average is $94.60. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 4.46. CoreWeave Inc. has a 12 month low of $33.51 and a 12 month high of $187.00. The stock has a market cap of $50.10 billion and a PE ratio of -37.36.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative return on equity of 33.82% and a negative net margin of 22.75%.The business had revenue of $1.57 billion during the quarter. The business’s revenue was up 110.4% compared to the same quarter last year.

Hedge Funds Weigh In On CoreWeave

A number of hedge funds and other institutional investors have recently made changes to their positions in CRWV. Sivia Capital Partners LLC bought a new position in shares of CoreWeave during the 2nd quarter worth $39,824,000. Quantbot Technologies LP bought a new position in shares of CoreWeave during the 2nd quarter worth $311,000. Invesco Ltd. bought a new position in shares of CoreWeave during the 2nd quarter worth $882,000. First Trust Advisors LP bought a new position in shares of CoreWeave during the 2nd quarter worth $20,260,000. Finally, Baird Financial Group Inc. bought a new position in shares of CoreWeave during the 2nd quarter worth $455,000.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Huge Jane Street commitment — Jane Street agreed to ~ $6 billion of multi?year spend with CoreWeave and separately invested ~$1 billion of equity, giving meaningful long?term revenue visibility and strategic endorsement that supports the rally. Read More.
• Positive Sentiment: Expanded Meta relationship — reports of a roughly $21 billion multi?year commitment from Meta further bolster the company’s contracted backlog and underwrite expectations for recurring GPU compute revenue. Read More.
• Positive Sentiment: Anthropic deal and analyst bullishness — a new Anthropic agreement plus multiple analyst upgrades/price?target raises have amplified momentum and institutional inflows. Momentum pieces note CRWV’s ~45% month?to?date surge. Read More.
• Neutral Sentiment: Insider selling disclosed — several insiders (including CEO Michael Intrator and others) sold large blocks under pre?arranged Rule 10b5?1 plans; headline?grabbing but appears pre?scheduled rather than signal of undisclosed issues. Read More.
• Negative Sentiment: $1.0B senior notes priced at 9.75% due 2031 — CoreWeave is issuing $1.0 billion of high?cost senior notes (closing April 21), which adds near?term interest burden and highlights reliance on debt markets to fund growth. Read More.
• Negative Sentiment: Capital intensity, losses and leverage risk — analysts warn CoreWeave’s hypergrowth requires massive CapEx and financing (debt/equity), raising dilution, margin pressure and execution risk despite strong revenue growth. Read More.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CRWV shares. Deutsche Bank Aktiengesellschaft raised CoreWeave from a “hold” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $140.00 in a report on Tuesday, January 27th. Oppenheimer started coverage on CoreWeave in a report on Friday, March 6th. They set an “outperform” rating and a $140.00 price objective on the stock. HC Wainwright reaffirmed a “buy” rating and set a $180.00 price objective on shares of CoreWeave in a report on Monday, March 2nd. Roth Mkm reaffirmed a “buy” rating on shares of CoreWeave in a report on Monday, February 23rd. Finally, Sanford C. Bernstein boosted their target price on CoreWeave from $56.00 to $67.00 and gave the company an “underperform” rating in a research report on Tuesday. Twenty analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, CoreWeave currently has an average rating of “Moderate Buy” and a consensus price target of $124.66.

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.