CoreWeave (NASDAQ:CRWV) Insider Brian Venturo Sells 61,539 Shares

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Brian Venturo sold 61,539 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $112.51, for a total transaction of $6,923,752.89. Following the sale, the insider directly owned 216,222 shares of the company’s stock, valued at $24,327,137.22. The trade was a 22.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Stock Performance

Shares of CRWV stock traded down $7.64 during mid-day trading on Friday, reaching $100.39. 32,312,520 shares of the company were exchanged, compared to its average volume of 28,397,580. CoreWeave Inc. has a fifty-two week low of $63.80 and a fifty-two 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. The business’s 50 day simple moving average is $105.60 and its 200 day simple moving average is $91.52.

CoreWeave (NASDAQ:CRWVGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share 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 for the quarter. During the same period in the prior year, the firm earned ($0.60) earnings per share. The company’s quarterly revenue was up 111.6% on a year-over-year basis. On average, analysts forecast that CoreWeave Inc. will post -4.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CRWV shares. JPMorgan Chase & Co. raised their price target on shares of CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Barclays raised their price objective on CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. HC Wainwright restated a “buy” rating and set a $180.00 price objective on shares of CoreWeave in a research note on Monday, March 2nd. Cantor Fitzgerald raised their target price on CoreWeave from $156.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of CoreWeave in a research note on Friday, February 27th. Twenty 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 company. According to MarketBeat, CoreWeave currently has a consensus rating of “Moderate Buy” and an average price target of $131.52.

View Our Latest Stock Analysis on CoreWeave

Institutional Investors Weigh In On CoreWeave

Hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its holdings in CoreWeave by 4.0% in the first quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock worth $181,000 after purchasing an additional 91 shares during the period. Pathway Wealth Management LLC lifted its holdings in CoreWeave by 2.9% in the first quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock worth $278,000 after purchasing an additional 100 shares during the period. Azzad Asset Management Inc. ADV lifted its holdings in CoreWeave by 2.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock worth $389,000 after purchasing an additional 104 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in CoreWeave by 34.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock worth $33,000 after purchasing an additional 119 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its holdings in CoreWeave by 45.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after purchasing an additional 121 shares during the period.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

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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