Insider Selling: CoreWeave (NASDAQ:CRWV) Insider Sells $382,610.06 in Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Kristen Mcveety sold 3,833 shares of CoreWeave stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $99.82, for a total transaction of $382,610.06. Following the transaction, the insider directly owned 123,961 shares of the company’s stock, valued at $12,373,787.02. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

CoreWeave Price Performance

NASDAQ:CRWV opened at $105.49 on Monday. 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 has a market cap of $47.21 billion, a PE ratio of -33.92 and a beta of 7.84. CoreWeave Inc. has a 12 month low of $63.80 and a 12 month high of $187.00. The company’s 50-day moving average price is $100.22 and its two-hundred day moving average price is $90.63.

CoreWeave (NASDAQ:CRWVGet Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.28). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The firm had revenue of $1.57 billion for the quarter. CoreWeave’s revenue for the quarter was up 110.4% on a year-over-year basis. On average, equities analysts anticipate that CoreWeave Inc. will post -4.58 EPS for the current fiscal year.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wolfe Research initiated coverage on CoreWeave in a research report on Thursday, April 16th. They issued an “outperform” rating and a $150.00 price objective for the company. Evercore restated an “outperform” rating and set a $150.00 target price on shares of CoreWeave in a report on Wednesday, April 15th. Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a research note on Friday, February 27th. DA Davidson reaffirmed a “neutral” rating and issued a $100.00 price target (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $180.00 price target on shares of CoreWeave in a research report on Friday, February 27th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.63.

Get Our Latest Analysis on CoreWeave

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake 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 valued at $1,999,421,000 after buying an additional 20,487,478 shares during the period. Proficio Capital Partners LLC lifted its stake in shares of CoreWeave by 446,194.0% during the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after acquiring an additional 17,847,760 shares during the period. Deutsche Bank AG lifted its stake in shares of CoreWeave by 22,624.0% during the fourth quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock valued at $273,039,000 after acquiring an additional 3,796,077 shares during the period. Altimeter Capital Management LP bought a new position in CoreWeave in the fourth quarter valued at about $230,099,000. Finally, Alyeska Investment Group L.P. boosted its holdings 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 during the last quarter.

About CoreWeave

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for CoreWeave (NASDAQ:CRWV)

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