CoreWeave (NASDAQ:CRWV) Director Jack Cogen Sells 642,307 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) Director Jack Cogen sold 642,307 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $106.32, for a total transaction of $68,290,080.24. Following the completion of the sale, the director directly owned 9,040,829 shares in the company, valued at approximately $961,220,939.28. The trade was a 6.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

CoreWeave Stock Up 2.5%

CRWV opened at $109.53 on Friday. The firm’s 50-day simple moving average is $102.63 and its 200-day simple moving average is $90.63. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. CoreWeave Inc. has a twelve month low of $63.80 and a twelve month high of $187.00. The firm has a market cap of $49.02 billion, a price-to-earnings ratio of -35.22 and a beta of 7.84.

CoreWeave (NASDAQ:CRWV) last posted its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing the consensus estimate of ($1.17) by ($0.23). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The firm had revenue of $2.08 billion during the quarter. During the same quarter last year, the firm posted ($0.60) earnings per share. The business’s revenue was up 111.6% compared to the same quarter last year. Equities research analysts anticipate that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. AE Wealth Management LLC bought a new position in shares of CoreWeave in the 3rd quarter valued at about $4,241,000. Vanguard Group Inc. boosted its stake 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 acquiring an additional 20,487,478 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CoreWeave by 6,022.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock worth $8,075,000 after acquiring an additional 110,926 shares during the last quarter. 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 acquiring an additional 26,907 shares during the last quarter. Finally, Hidden Lake Asset Management LP bought a new position in CoreWeave during the 3rd quarter worth approximately $14,814,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Evercore reaffirmed an “outperform” rating and issued a $150.00 target price on shares of CoreWeave in a report on Wednesday, April 15th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $180.00 target price on shares of CoreWeave in a report on Friday, February 27th. Truist Financial upped their target price on shares of CoreWeave from $85.00 to $131.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Sanford C. Bernstein upped their price target on shares of CoreWeave from $56.00 to $67.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 14th. Finally, HC Wainwright reissued a “buy” rating and set a $180.00 price objective on shares of CoreWeave in a report on Monday, March 2nd. 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 company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.63.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave launched new unified agentic AI capabilities that aim to connect training and inference in a closed loop, reinforcing its role as a key AI infrastructure provider and supporting the long-term growth story. CoreWeave’s Closed Loop Agentic AI Aims To Reshape Growth Expectations
• Positive Sentiment: Reports highlighted CoreWeave’s backlog approaching $100 billion, suggesting strong demand visibility and multi-year revenue potential as AI cloud spending remains robust. CoreWeave’s Backlog Hits Nearly $100B: Multi-Year Growth Secured?
• Positive Sentiment: Analysts remain constructive overall, with recent target increases and a favorable long-term outlook tied to explosive AI infrastructure demand. Here’s What Analysts Think About CoreWeave, Inc. (CRWV)
• Neutral Sentiment: CoreWeave also announced participation in the BofA Securities Global Technology Conference, which keeps management in front of investors but is not a fundamental catalyst by itself. CoreWeave to Participate in the BofA Securities Global Technology Conference
• Negative Sentiment: Heavy insider selling may be pressuring sentiment, including large share sales by Director Jack D. Cogen and additional sales by CEO Michael Intrator, CFO Nitin Agrawal, COO Sachin Jain, and Director Karen Boone. SEC filing for insider sale
• Negative Sentiment: Investors are still focused on CoreWeave’s sizable losses and capital intensity, which could limit enthusiasm despite strong revenue growth and major customer commitments. CoreWeave Lost $740 Million in 90 Days. Then Meta Handed It $21 Billion.

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.