Jack Cogen Sells 642,307 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) Director Jack Cogen sold 642,307 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $106.32, for a total value of $68,290,080.24. Following the sale, the director directly owned 9,040,829 shares in the company, valued at $961,220,939.28. This trade represents a 6.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

CoreWeave Price Performance

Shares of NASDAQ:CRWV traded up $2.67 during trading on Friday, hitting $109.53. 27,894,151 shares of the stock were exchanged, compared to its average volume of 27,963,178. The company has a fifty day moving average price of $102.09 and a two-hundred day moving average price of $90.49. The company has a market cap of $49.02 billion, a PE ratio of -35.22 and a beta of 7.84. 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 Inc. has a 12-month low of $63.80 and a 12-month high of $187.00.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results 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%.CoreWeave’s quarterly revenue was up 111.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.60) earnings per share. On average, analysts forecast that CoreWeave Inc. will post -4.58 EPS for the current year.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave unveiled new unified agentic AI capabilities that link training and inference in a closed loop, which could deepen its role in AI infrastructure and support longer-term growth expectations. CoreWeave’s Closed Loop Agentic AI Aims To Reshape Growth Expectations
• Positive Sentiment: Analysts continue to see upside potential, with several firms maintaining bullish views and 24/7 Wall St. arguing CoreWeave could be worth significantly more over the next year if AI demand stays strong. Price Prediction: CoreWeave Stock Could Triple by 2030
• Positive Sentiment: CoreWeave’s backlog was reported near $100 billion, suggesting a large pipeline of contracted future revenue as AI cloud demand expands. CoreWeave’s Backlog Hits Nearly $100B: Multi-Year Growth Secured?
• Neutral Sentiment: The company will present at the BofA Securities Global Technology Conference on June 3, giving management a chance to reinforce its AI growth narrative and answer investor questions. CoreWeave to Participate in the BofA Securities Global Technology Conference
• Neutral Sentiment: Wall Street sentiment remains mixed overall: some firms have raised targets, while others remain cautious, keeping the stock highly dependent on execution and cash-flow progress. Here’s What Analysts Think About CoreWeave, Inc. (CRWV)
• Negative Sentiment: Heavy insider selling is a drag on sentiment, including sales by Director Jack Cogen and CEO Michael Intrator, which may make investors more cautious about near-term valuation. SEC filing for director sale
• Negative Sentiment: Recent coverage also highlighted CoreWeave’s large quarterly loss and balance-sheet strain from heavy capital spending, a reminder that growth is still coming with significant profitability and financing risks. CoreWeave Lost $740 Million in 90 Days. Then Meta Handed It $21 Billion. Welcome to the AI Economy

Analyst Ratings Changes

Several equities research analysts have recently commented on CRWV shares. Truist Financial boosted their price target on CoreWeave from $85.00 to $131.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Oppenheimer boosted their price target on CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Sanford C. Bernstein boosted their price target on CoreWeave from $56.00 to $67.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 14th. Citigroup boosted their price target on CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Finally, Wolfe Research started coverage on CoreWeave in a research report on Thursday, April 16th. They set an “outperform” rating and a $150.00 price objective for the company. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, CoreWeave presently has a consensus rating of “Moderate Buy” and an average price target of $129.63.

Institutional Investors Weigh In On CoreWeave

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of CoreWeave by 275.6% during the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after purchasing an additional 20,487,478 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in CoreWeave by 446,194.0% in the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after acquiring an additional 17,847,760 shares during the last quarter. Bank of America Corp DE raised its holdings in CoreWeave by 13.1% in the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock valued at $437,870,000 after acquiring an additional 653,398 shares during the last quarter. Clear Street Group Inc. raised its holdings in CoreWeave by 57.2% in the 4th quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock valued at $333,260,000 after acquiring an additional 1,692,916 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in CoreWeave by 300.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after acquiring an additional 3,000,000 shares during the last quarter.

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.