Insider Selling: CoreWeave (NASDAQ:CRWV) Director Sells 986,540 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) Director Jack Cogen sold 986,540 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $107.80, for a total value of $106,349,012.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

CoreWeave Trading Up 2.5%

CRWV stock traded up $2.59 during trading hours on Thursday, hitting $106.86. 23,261,036 shares of the stock traded hands, compared to its average volume of 27,448,842. The stock has a 50-day simple moving average of $102.09 and a 200 day simple moving average of $90.49. CoreWeave Inc. has a one year low of $63.80 and a one year 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.

CoreWeave (NASDAQ:CRWVGet Free Report) last announced its earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.28). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm had revenue of $1.57 billion for the quarter. The firm’s revenue was up 110.4% on a year-over-year basis. On average, equities research analysts expect that CoreWeave Inc. will post -4.58 EPS for the current fiscal year.

Institutional Investors Weigh In On CoreWeave

A number of institutional investors have recently bought and sold shares of CRWV. Cornerstone Planning Group LLC boosted its position in CoreWeave by 272.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after acquiring an additional 251 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new stake in CoreWeave during the 3rd quarter worth about $27,000. Aspect Partners LLC purchased a new stake in shares of CoreWeave during the 3rd quarter worth about $28,000. Cullen Frost Bankers Inc. raised its stake in shares of CoreWeave by 45.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after purchasing an additional 121 shares in the last quarter. Finally, Greenline Wealth Management LLC purchased a new stake in shares of CoreWeave during the 4th quarter worth about $28,000.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CRWV shares. Jefferies Financial Group increased their price target on CoreWeave from $120.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Wells Fargo & Company increased their price target on CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $135.00 price target on shares of CoreWeave in a research report on Friday, May 8th. Citizens Jmp reiterated a “market outperform” rating and issued a $180.00 price target on shares of CoreWeave in a research report on Friday, February 27th. Finally, HC Wainwright reiterated a “buy” rating and issued a $180.00 price target on shares of CoreWeave in a research report on Monday, March 2nd. Nineteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.63.

View Our Latest Stock Report on CoreWeave

CoreWeave Company Profile

(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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