CoreWeave (NASDAQ:CRWV) EVP Chen Goldberg Sells 19,904 Shares of Company Stock

CoreWeave Inc. (NASDAQ:CRWV) EVP Chen Goldberg sold 19,904 shares of the stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $46.50, for a total transaction of $925,536.00. Following the sale, the executive vice president directly owned 68,149 shares in the company, valued at $3,168,928.50. This trade represents a 22.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 Wednesday, September 30th, Chen Goldberg sold 5 shares of CoreWeave stock. The shares were sold at an average price of $87.69, for a total transaction of $438.45.
• On Tuesday, September 8th, Chen Goldberg sold 22,424 shares of CoreWeave stock. The shares were sold at an average price of $95.91, for a total value of $2,150,685.84.
• On Thursday, August 20th, Chen Goldberg sold 8,628 shares of CoreWeave stock. The shares were sold at an average price of $91.88, for a total value of $792,740.64.
• On Monday, August 17th, Chen Goldberg sold 6,397 shares of CoreWeave stock. The stock was sold at an average price of $106.11, for a total value of $678,785.67.

CoreWeave Stock Up 6.3%

Shares of CoreWeave stock opened at $46.40 on Friday. The business’s fifty day moving average price is $75.56 and its two-hundred day moving average price is $89.88. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market capitalization of $21.29 billion, a P/E ratio of -12.71 and a beta of 7.71. CoreWeave Inc. has a 1-year low of $40.58 and a 1-year high of $138.25.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.52) by $0.38. The company had revenue of $2.58 billion during the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The company’s revenue was up 112.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.27) earnings per share. As a group, research analysts forecast that CoreWeave Inc. will post -4.97 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CRWV. Alyeska Investment Group L.P. raised its position in CoreWeave by 55.7% in the second quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock valued at $1,084,117,000 after purchasing an additional 3,897,741 shares during the period. State Street Corp lifted its stake in CoreWeave by 139.7% in the second quarter. State Street Corp now owns 7,058,846 shares of the company’s stock valued at $702,638,000 after acquiring an additional 4,113,873 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of CoreWeave by 13.1% in the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock worth $437,870,000 after purchasing an additional 653,398 shares during the last quarter. Amundi raised its position in shares of CoreWeave by 266.2% during the first quarter. Amundi now owns 3,284,121 shares of the company’s stock worth $254,421,000 after purchasing an additional 2,387,337 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in CoreWeave by 32.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,288,909 shares of the company’s stock valued at $199,410,000 after buying an additional 555,128 shares during the last quarter.

Analyst Upgrades and Downgrades

CRWV has been the subject of several analyst reports. HSBC reissued a “reduce” rating and issued a $39.00 price objective on shares of CoreWeave in a report on Tuesday, October 20th. BTIG Research began coverage on shares of CoreWeave in a research report on Wednesday, July 22nd. They set a “buy” rating on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of CoreWeave in a research report on Thursday, October 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of CoreWeave in a research note on Thursday, August 13th. Finally, Moffett Nathanson set a $89.00 price target on shares of CoreWeave in a report on Monday, October 19th. Twenty-seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.41.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Better-than-expected results from other AI-cloud companies helped spark a sector relief rally, lifting CoreWeave after Thursday’s losses. Article: Cloudflare and IREN earnings spark an AI-cloud rebound
• Positive Sentiment: Investors are looking to strong AI demand, a reported $104 billion backlog and expanding infrastructure as potential supports for CoreWeave’s Q3 results. Article: CRWV poised for a Q3 earnings beat
• Neutral Sentiment: Q3 expectations point to rapid growth—guidance implies roughly 158% year-over-year revenue growth—but an adjusted operating margin of about 6.5% would underscore that growth is not yet translating into robust profitability. Article: CoreWeave stock is no bargain—earnings preview
• Negative Sentiment: CoreWeave’s bond yield has topped 16%, signaling heightened concern about the cost of financing its infrastructure expansion. High leverage and a 0.46 current ratio add to refinancing and liquidity risks. Article: CoreWeave bond yield tops 16%
• Negative Sentiment: Investors are also weighing possible tighter rules and slower permitting for data centers, including in Texas, a key market for infrastructure growth. Article: Is CoreWeave facing a growth squeeze from data-center rules?
• Negative Sentiment: A broader pullback in AI and data-center stocks, alongside an analyst downgrade and a price-target cut, has added pressure ahead of earnings. Article: AI stocks hammered as data-center concerns rise

About CoreWeave

CoreWeave is a cloud computing company that provides infrastructure for artificial intelligence, machine learning, and other compute-intensive workloads. Its services include access to graphics processing units (GPUs), cloud storage and networking, and software tools for deploying and managing workloads.

The company was founded in 2017 as a cryptocurrency mining business and later shifted its focus to cloud computing. CoreWeave is headquartered in Livingston, New Jersey, and operates data center infrastructure in the United States and Europe, serving customers that need large-scale computing resources.

Co-founder Michael Intrator serves as CoreWeave’s chief executive officer.