CoreWeave (NASDAQ:CRWV) CEO Michael Intrator Sells 200,000 Shares

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) CEO Michael Intrator sold 200,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $98.33, for a total value of $19,666,000.00. Following the completion of the transaction, the chief executive officer owned 4,266,501 shares of the company’s stock, valued at $419,525,043.33. The trade was a 4.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Stock Performance

Shares of NASDAQ CRWV traded up $6.30 during trading hours on Thursday, reaching $107.58. The stock had a trading volume of 31,754,037 shares, compared to its average volume of 29,375,408. The business’s fifty day moving average is $99.75 and its two-hundred day moving average is $90.77. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $48.15 billion, a price-to-earnings ratio of -34.59 and a beta of 7.84. CoreWeave Inc. has a twelve month low of $63.80 and a twelve month high of $187.00.

CoreWeave (NASDAQ:CRWVGet Free Report) last issued its earnings results on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). The firm had revenue of $1.57 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. CoreWeave’s revenue for the quarter was up 110.4% compared to the same quarter last year. As a group, research analysts expect that CoreWeave Inc. will post -4.15 EPS for the current year.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

Analyst Upgrades and Downgrades

CRWV has been the topic of a number of analyst reports. Wells Fargo & Company upped 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. Roth Mkm reiterated a “buy” rating and issued a $150.00 price target on shares of CoreWeave in a research report on Friday, May 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of CoreWeave in a research report on Monday, May 4th. Oppenheimer upped their price target on CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. upped their price target on CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Nineteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.63.

Read Our Latest Analysis on CRWV

Institutional Trading of CoreWeave

Several large investors have recently made changes to their positions in CRWV. Sivia Capital Partners LLC bought a new stake in shares of CoreWeave during the second quarter worth $39,824,000. Quantbot Technologies LP bought a new stake in shares of CoreWeave during the second quarter worth $311,000. Invesco Ltd. bought a new stake in shares of CoreWeave during the second quarter worth $882,000. First Trust Advisors LP bought a new stake in shares of CoreWeave during the second quarter worth $20,260,000. Finally, Baird Financial Group Inc. bought a new stake in shares of CoreWeave during the second quarter worth $455,000.

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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