Insider Selling: CoreWeave (NASDAQ:CRWV) EVP Sells $1,772,706.32 in Stock

CoreWeave Inc. (NASDAQ:CRWV) EVP Chen Goldberg sold 19,208 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $92.29, for a total value of $1,772,706.32. Following the completion of the transaction, the executive vice president directly owned 71,266 shares in the company, valued at approximately $6,577,139.14. This trade represents a 21.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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.

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 value of $575,730.00.
• On Tuesday, June 30th, Chen Goldberg sold 4 shares of CoreWeave stock. The stock was sold at an average price of $95.69, for a total value of $382.76.
• On Monday, June 15th, Chen Goldberg sold 5,541 shares of CoreWeave stock. The stock was sold at an average price of $107.29, for a total value 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

Shares of CoreWeave stock opened at $90.67 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. The stock’s fifty day moving average price is $91.81 and its 200-day moving average price is $94.86. The firm has a market cap of $40.58 billion, a P/E ratio of -29.15 and a beta of 7.44. CoreWeave Inc. has a 12 month low of $60.55 and a 12 month high of $153.20.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share 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 business had revenue of $2.08 billion during the quarter. During the same period in the previous year, the business posted ($0.60) earnings per share. CoreWeave’s revenue for the quarter was up 111.6% compared to the same quarter last year. On average, equities research analysts expect that CoreWeave Inc. will post -5.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Oppenheimer upped their price target on shares of CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Wolfe Research reissued an “outperform” rating on shares of CoreWeave in a report on Monday, July 6th. Mizuho reduced their price objective on shares of CoreWeave from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $150.00 target price on shares of CoreWeave in a report on Friday. Finally, Barclays dropped their target price on CoreWeave from $120.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $136.67.

Institutional Trading of CoreWeave

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of CoreWeave by 275.6% in the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after buying an additional 20,487,478 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of CoreWeave by 446,194.0% during the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after acquiring an additional 17,847,760 shares in the last quarter. Bank of America Corp DE lifted its position in CoreWeave by 13.1% during the first quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock valued at $437,870,000 after acquiring an additional 653,398 shares during the last quarter. Clear Street Group Inc. lifted its position in CoreWeave by 57.2% during the fourth quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock valued at $333,260,000 after acquiring an additional 1,692,916 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its stake in CoreWeave by 300.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after acquiring an additional 3,000,000 shares in the last quarter.

Trending Headlines about 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?

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.