Insider Selling: CoreWeave (NASDAQ:CRWV) Insider Sells 375,000 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Brian Venturo sold 375,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $115.85, for a total value of $43,443,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Price Performance

Shares of CRWV traded up $3.56 during trading hours on Wednesday, reaching $111.31. The company had a trading volume of 23,410,337 shares, compared to its average volume of 28,168,133. The firm has a 50 day simple moving average of $95.41 and a 200-day simple moving average of $92.08. The company has a market capitalization of $49.82 billion, a price-to-earnings ratio of -35.79 and a beta of 7.84. CoreWeave Inc. has a 12-month low of $61.33 and a 12-month high of $187.00. The company has a current ratio of 0.31, a quick ratio of 0.46 and a debt-to-equity ratio of 3.68.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The firm had revenue of $1.57 billion for the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The firm’s revenue was up 110.4% compared to the same quarter last year. Research analysts expect that CoreWeave Inc. will post -4.15 earnings per share for the current year.

Analyst Ratings Changes

CRWV has been the subject of several recent research reports. UBS Group reissued a “neutral” rating on shares of CoreWeave in a research report on Friday, January 16th. 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. Barclays raised their price target on CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Monday. Sanford C. Bernstein raised their price target on CoreWeave from $56.00 to $67.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 14th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of CoreWeave in a research report on Monday, May 4th. Twenty equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.88.

Institutional Investors Weigh In On CoreWeave

A number of hedge funds and other institutional investors have recently made changes to their positions in CRWV. Cornerstone Planning Group LLC grew its position in shares of CoreWeave by 272.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after purchasing an additional 251 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of CoreWeave in the third quarter valued at $27,000. Aspect Partners LLC purchased a new stake in shares of CoreWeave in the third quarter valued at $28,000. Cullen Frost Bankers Inc. grew its position in shares of CoreWeave by 45.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after purchasing an additional 121 shares during the period. Finally, Greenline Wealth Management LLC purchased a new stake in shares of CoreWeave in the fourth quarter valued at $28,000.

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.