Jeff Baker Sells 1,320 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Jeff Baker sold 1,320 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $99.82, for a total value of $131,762.40. Following the completion of the transaction, the insider directly owned 1,119 shares in the company, valued at approximately $111,698.58. This represents a 54.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jeff Baker also recently made the following trade(s):

  • On Thursday, May 14th, Jeff Baker sold 42,515 shares of CoreWeave stock. The stock was sold at an average price of $113.94, for a total value of $4,844,159.10.
  • On Wednesday, April 29th, Jeff Baker sold 6,760 shares of CoreWeave stock. The stock was sold at an average price of $107.87, for a total value of $729,201.20.
  • On Tuesday, March 31st, Jeff Baker sold 16 shares of CoreWeave stock. The stock was sold at an average price of $74.05, for a total value of $1,184.80.

CoreWeave Stock Down 1.9%

CRWV stock opened at $105.49 on Friday. The stock’s fifty day simple moving average is $100.22 and its two-hundred day simple moving average is $90.88. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. CoreWeave Inc. has a 1-year low of $63.80 and a 1-year high of $187.00. The stock has a market cap of $47.21 billion, a P/E ratio of -33.92 and a beta of 7.84.

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 business had revenue of $1.57 billion during the quarter. The business’s revenue was up 110.4% on a year-over-year basis. Analysts expect that CoreWeave Inc. will post -4.58 EPS for the current year.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

Institutional Trading of CoreWeave

A number of hedge funds and other institutional investors have recently made changes to their positions in CRWV. Cornerstone Planning Group LLC raised its stake in shares of CoreWeave by 272.8% during the 4th 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 bought a new stake in shares of CoreWeave during the 3rd quarter valued at $27,000. Aspect Partners LLC bought a new stake in shares of CoreWeave during the 3rd quarter valued at $28,000. Cullen Frost Bankers Inc. raised its stake in shares of CoreWeave by 45.8% during the 4th 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 bought a new stake in shares of CoreWeave during the 4th quarter valued at $28,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Roth Mkm reaffirmed a “buy” rating and set a $150.00 price target on shares of CoreWeave in a research report on Friday, May 8th. Jefferies Financial Group upped their price target on CoreWeave from $120.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of CoreWeave in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CoreWeave in a research report on Monday, May 4th. Finally, Oppenheimer upped their price target on CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.63.

Read Our Latest Research Report on CRWV

CoreWeave Company Profile

(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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