CoreWeave (NASDAQ:CRWV) CRO Jonathan Jones Sells 15,811 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV – Get Free Report) CRO Jonathan Jones sold 15,811 shares of CoreWeave stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $80.36, for a total transaction of $1,270,571.96. Following the completion of the sale, the executive directly owned 26,961 shares in the company, valued at approximately $2,166,585.96. This represents a 36.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jonathan Jones also recently made the following trade(s):

  • On Tuesday, October 13th, Jonathan Jones sold 21,569 shares of CoreWeave stock. The stock was sold at an average price of $77.42, for a total value of $1,669,871.98.

CoreWeave Price Performance

Shares of NASDAQ:CRWV opened at $65.78 on Thursday. The firm has a market capitalization of $30.18 billion, a PE ratio of -18.02 and a beta of 7.36. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53. The company has a 50-day moving average price of $87.91 and a two-hundred day moving average price of $94.69. CoreWeave Inc. has a twelve month low of $60.55 and a twelve month high of $150.40.

CoreWeave (NASDAQ:CRWV – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, beating the consensus estimate of ($1.52) by $0.38. The company had revenue of $2.58 billion during the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. CoreWeave’s revenue for the quarter was up 112.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.27) earnings per share. Equities analysts forecast that CoreWeave Inc. will post -5.19 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CRWV shares. Jefferies Financial Group lowered shares of CoreWeave from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group lifted their price objective on shares of CoreWeave from $121.00 to $139.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. Truist Financial raised their price objective on CoreWeave from $155.00 to $165.00 and gave the company a “buy” rating in a report on Monday, August 24th. Wells Fargo & Company boosted their target price on CoreWeave from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Finally, UBS Group assumed coverage on CoreWeave in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $120.00 target price for the company. Twenty-three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.64.

Read Our Latest Research Report on CoreWeave

Institutional Trading of CoreWeave

Institutional investors have recently made changes to their positions in the stock. Essential Partners LLC purchased a new position in shares of CoreWeave in the second quarter worth $30,000. MassMutual Private Wealth & Trust FSB raised its holdings in CoreWeave by 241.1% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the company’s stock valued at $27,000 after buying an additional 217 shares during the last quarter. Burnham & Co LLC purchased a new stake in CoreWeave during the 2nd quarter valued at $32,000. Cassaday & Co Wealth Management LLC purchased a new stake in CoreWeave during the 1st quarter valued at $31,000. Finally, Allied Private Wealth LLC purchased a new stake in CoreWeave during the 2nd quarter valued at $40,000.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

About CoreWeave

(Get Free Report)

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning and other data-intensive workloads. The company offers access to accelerated computing resources, including graphics processing units (GPUs), alongside central processing units, high-performance storage, networking and data center capacity.

Its platform supports AI model training, fine-tuning and inference, as well as visual effects, rendering, scientific computing and other demanding applications.

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Insider Buying and Selling by Quarter for CoreWeave (NASDAQ:CRWV)

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