Chen Goldberg Sells 19,208 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) EVP Chen Goldberg sold 19,208 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $92.29, for a total transaction of $1,772,706.32. Following the transaction, the executive vice president owned 71,266 shares in the company, valued at approximately $6,577,139.14. The trade was a 21.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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.

Chen Goldberg also recently made the following trade(s):

• On Tuesday, August 4th, Chen Goldberg sold 6,397 shares of CoreWeave stock. The shares were sold at an average price of $90.00, for a total transaction of $575,730.00.
• On Tuesday, June 30th, Chen Goldberg sold 4 shares of CoreWeave stock. The shares were sold at an average price of $95.69, for a total transaction of $382.76.
• On Monday, June 15th, Chen Goldberg sold 5,541 shares of CoreWeave stock. The shares were sold at an average price of $107.29, for a total transaction of $594,493.89.
• On Wednesday, May 20th, Chen Goldberg sold 14,168 shares of CoreWeave stock. The stock was sold at an average price of $100.34, for a total value of $1,421,617.12.

CoreWeave Stock Performance

CRWV opened at $90.67 on Friday. CoreWeave Inc. has a 12-month low of $60.55 and a 12-month high of $153.20. The business has a 50 day moving average of $91.81 and a 200-day moving average of $94.86. 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 stock has a market cap of $40.58 billion, a price-to-earnings ratio of -29.15 and a beta of 7.44.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The company had revenue of $2.08 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 was up 111.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.60) EPS. On average, equities research analysts expect that CoreWeave Inc. will post -5.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CRWV shares. Citigroup decreased their target price on shares of CoreWeave from $158.00 to $142.00 and set a “buy” rating on the stock in a research report on Wednesday. Wolfe Research reissued an “outperform” rating on shares of CoreWeave in a research report on Monday, July 6th. Jefferies Financial Group lowered CoreWeave from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Piper Sandler began coverage on CoreWeave in a report on Monday, August 3rd. They set an “overweight” rating and a $151.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their price target on CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.67.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating and maintained a $250 price target, reinforcing the bullish case for CoreWeave’s AI-cloud growth prospects. Rosenblatt Securities Reaffirms Buy Rating for CoreWeave
• Positive Sentiment: IMC selected CoreWeave for its research investment, providing another indication that the company’s GPU-accelerated cloud infrastructure is attracting institutional and enterprise users. IMC Selects CoreWeave
• Positive Sentiment: Recent bullish coverage highlights strong demand for scarce GPU capacity and argues that CoreWeave’s pullback has improved its valuation and potential risk-reward profile. CoreWeave at $92: The Compelling Bull Case
• Neutral Sentiment: Traders are positioning for a sizable move around CoreWeave’s quarterly earnings release after the closing bell Tuesday, August 11. The report and management’s outlook for demand, capital spending and profitability could determine the next major move. Traders Expect a Move After CoreWeave Earnings
• Neutral Sentiment: Commentary comparing CRWV with IREN and discussing CoreWeave as a neocloud investment may increase investor attention, but does not provide a new company-specific fundamental catalyst. CRWV Versus IREN Neocloud Comparison
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth roughly $28.2 million, while EVP Chen Goldberg sold 25,605 shares worth approximately $2.35 million. The transactions were made under pre-arranged Rule 10b5-1 plans; Goldberg’s sales were specifically to cover tax withholding, which reduces their signaling value but can still pressure sentiment. CoreWeave Insider Selling
• Negative Sentiment: Investors remain concerned about CoreWeave’s substantial leverage, negative earnings and capital-intensive data-center expansion. Its previous quarterly loss exceeded expectations, despite revenue growth of 111.6% year over year, making the upcoming results especially important. Should You Buy CoreWeave Before or After Earnings?

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CRWV. Bank of New York Mellon Corp acquired a new stake in shares of CoreWeave in the 2nd quarter valued at approximately $127,936,000. Haven Capital Group Inc. acquired a new stake in CoreWeave in the second quarter valued at approximately $242,000. Dagco Inc. acquired a new stake in CoreWeave in the second quarter valued at approximately $258,000. Fiduciary Financial Group LLC bought a new stake in shares of CoreWeave during the second quarter worth $7,298,000. Finally, E. Ohman J or Asset Management AB increased its holdings in shares of CoreWeave by 48.5% during the second quarter. E. Ohman J or Asset Management AB now owns 7,040 shares of the company’s stock worth $701,000 after buying an additional 2,300 shares in 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.