CoreWeave (NASDAQ:CRWV) CEO Sells 200,000 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) CEO Michael Intrator sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $66.62, for a total value of $13,324,000.00. Following the completion of the sale, the chief executive officer directly owned 2,276,815 shares in the company, valued at approximately $151,681,415.30. The trade was a 8.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Price Performance

Shares of CoreWeave stock traded up $13.29 on Thursday, reaching $74.11. The company’s stock had a trading volume of 43,937,414 shares, compared to its average volume of 28,311,477. 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 company has a market capitalization of $33.17 billion, a P/E ratio of -23.83 and a beta of 7.17. The stock has a 50-day moving average price of $94.92 and a 200-day moving average price of $95.20. CoreWeave Inc. has a 52-week low of $60.55 and a 52-week high of $153.20.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The business had revenue of $2.08 billion for the quarter. During the same quarter last year, the business earned ($0.60) EPS. CoreWeave’s quarterly revenue was up 111.6% on a year-over-year basis. Analysts expect that CoreWeave Inc. will post -4.57 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in 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 buying an additional 20,487,478 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of CoreWeave by 6,022.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock valued at $8,075,000 after purchasing an additional 110,926 shares during the period. Legal & General Group Plc boosted its position in shares of CoreWeave by 8,455.6% in the 4th quarter. Legal & General Group Plc now owns 611,301 shares of the company’s stock valued at $43,775,000 after purchasing an additional 604,156 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in CoreWeave by 67.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock worth $4,794,000 after purchasing an additional 26,907 shares during the period. Finally, Broad Peak Investment Advisers Pte Ltd purchased a new position in CoreWeave during the 4th quarter worth $15,539,000.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Defense and intelligence partnership: CoreWeave is teaming with Leidos to provide secure, sovereign AI-cloud infrastructure for U.S. defense, national security and intelligence agencies. Leidos will handle mission integration and secure architecture, while CoreWeave supplies its AI-native cloud platform. The agreement could expand CoreWeave’s addressable market and support demand for classified-data-center capacity. Leidos and CoreWeave collaboration announcement
• Positive Sentiment: Revenue outlook and customer demand: Oppenheimer expects second-quarter revenue near the high end of CoreWeave’s $2.45 billion–$2.60 billion guidance. Separately, Meta could commit as much as $35.2 billion under existing and expanded agreements with CoreWeave, reinforcing the company’s contracted-demand story, although Meta may eventually compete with its cloud suppliers. CoreWeave Q2 revenue outlook
• Positive Sentiment: Sector rebound: CoreWeave joined a sharp recovery in AI-infrastructure stocks, with investors rotating back into high-growth “neocloud” companies after the recent selloff. AI cloud stocks rebound
• Neutral Sentiment: High volatility and earnings focus: CRWV remains well below its 52-week high, with investors awaiting the company’s upcoming earnings report for evidence that rapid revenue growth is translating into improving margins and cash flow.
• Negative Sentiment: Debt and default concerns: Reports that CoreWeave’s credit-default-swap market implies roughly 50% default odds have renewed scrutiny of its GPU-financing model. Analysts also point to heavy capital spending, substantial debt and weak profitability as risks to future returns. CoreWeave credit risk report
• Negative Sentiment: Insider selling: Director Brannin McBee sold 250,000 shares worth approximately $17.8 million under a pre-arranged Rule 10b5-1 plan, adding to investor concerns even though the transactions were scheduled in advance.

Wall Street Analysts Forecast Growth

CRWV has been the subject of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Robert W. Baird assumed coverage on CoreWeave in a research note on Tuesday, July 21st. They set an “outperform” rating and a $100.00 price objective on the stock. Sanford C. Bernstein initiated coverage on CoreWeave in a report on Wednesday, July 22nd. They issued an “outperform” rating for the company. Mizuho dropped their price target on shares of CoreWeave from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, July 15th. Finally, Barclays cut their price target on shares of CoreWeave from $120.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, CoreWeave has a consensus rating of “Moderate Buy” and a consensus target price of $136.25.

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.