Brian Venturo Sells 65,493 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Brian Venturo sold 65,493 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $95.69, for a total value of $6,267,025.17. Following the sale, the insider owned 235,883 shares of the company’s stock, valued at $22,571,644.27. This trade represents a 21.73% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

CoreWeave Stock Down 4.6%

NASDAQ:CRWV traded down $3.93 during trading hours on Thursday, hitting $81.75. 32,560,914 shares of the company traded hands, compared to its average volume of 29,589,840. 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 firm’s 50-day simple moving average is $108.29 and its 200-day simple moving average is $94.80. CoreWeave Inc. has a one year low of $63.80 and a one year high of $166.22. The company has a market cap of $36.59 billion, a PE ratio of -26.29 and a beta of 7.17.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter. During the same quarter last year, the company earned ($0.60) earnings per share. CoreWeave’s revenue was up 111.6% on a year-over-year basis. Equities analysts predict that CoreWeave Inc. will post -4.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Sanford C. Bernstein reiterated an “underperform” rating on shares of CoreWeave in a research note on Thursday, June 11th. Oppenheimer upped their target price on CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Wolfe Research initiated coverage on CoreWeave in a research report on Thursday, April 16th. They set an “outperform” rating and a $150.00 price target for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $135.00 price target on shares of CoreWeave in a report on Friday, May 8th. Finally, DA Davidson reissued a “neutral” rating and issued a $100.00 price objective (down from $175.00) on shares of CoreWeave in a research report on Monday, May 18th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.00.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed a buy rating on CoreWeave, signaling that at least some analysts still see meaningful upside despite the selloff. Coreweave Sell-off Sparks Buying Opportunity, Analyst Says Meta Fears Are Overblown
• Positive Sentiment: Supportive commentary argued the Meta-driven selloff may be overdone because CoreWeave still has a massive AI backlog and continued demand for compute capacity. CoreWeave (CRWV) Stock May Still Look Cheap Following Record AI Backlog
• Neutral Sentiment: CoreWeave launched ARIA, an AI research agent in Weights & Biases designed to automate analysis and speed model iteration, which is a product-positive update but not a major near-term stock catalyst. CoreWeave Unveils ARIA to Accelerate AI Research and Agent Development
• Neutral Sentiment: CoreWeave expanded its Livingston headquarters, a sign of continued growth, but the news is not enough to offset the current investor concern around competition and valuation. CoreWeave Expands HQ with Additional 31,000 SF in Livingston
• Negative Sentiment: Meta’s reported plan to sell excess AI compute has intensified fears that large hyperscalers could compete directly with CoreWeave, driving concern over future pricing power and customer retention. Stock Market Today, July 1: CoreWeave Stock Tumbles as Meta Cloud Report Raises Customer Concerns
• Negative Sentiment: Multiple reports highlighted CoreWeave’s heavy debt load and recent insider selling, adding to worries that the stock’s valuation may be vulnerable if growth expectations cool. CoreWeave Just Slipped Under $50 Billion. Is the Debt Finally Catching Up?

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Sivia Capital Partners LLC purchased a new stake in shares of CoreWeave in the second quarter worth about $39,824,000. Quantbot Technologies LP bought a new stake in CoreWeave during the 2nd quarter worth approximately $311,000. Invesco Ltd. bought a new stake in CoreWeave during the 2nd quarter worth approximately $882,000. First Trust Advisors LP purchased a new stake in CoreWeave in the 2nd quarter worth approximately $20,260,000. Finally, Baird Financial Group Inc. bought a new position in CoreWeave in the 2nd quarter valued at $455,000.

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.