Key Points
- Insider sale: CoreWeave insider Brian Venturo sold 65,606 shares at an average price of $74.95 on Dec. 1 for a total of $4,917,169.70, trimming his ownership by 26.42% to 182,679 shares (~$13.69M).
- Quarterly results: CoreWeave reported revenue of $1.36 billion (up 133.7% year‑over‑year) and an EPS loss of ($0.22), beating analysts' consensus of ($0.36).
- Analyst view: The stock carries a consensus rating of Moderate Buy with an average target of $130.14, though several firms recently cut targets to the $115–$120 range.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Brian Venturo sold 65,606 shares of the firm's stock in a transaction on Monday, December 1st. The stock was sold at an average price of $74.95, for a total value of $4,917,169.70. Following the sale, the insider directly owned 182,679 shares of the company's stock, valued at approximately $13,691,791.05. This represents a 26.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
CoreWeave Trading Up 4.4%
Shares of NASDAQ CRWV opened at $79.36 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 2.66. CoreWeave Inc. has a 12 month low of $33.51 and a 12 month high of $187.00. The company has a market cap of $30.66 billion and a price-to-earnings ratio of -54.73. The business has a fifty day simple moving average of $111.33 and a 200-day simple moving average of $120.68.
CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.22) earnings per share for the quarter, topping analysts' consensus estimates of ($0.36) by $0.14. The company had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the business posted ($1.82) EPS. The company's revenue for the quarter was up 133.7% compared to the same quarter last year.
Analyst Ratings Changes
CRWV has been the subject of several research analyst reports. Mizuho reduced their price target on shares of CoreWeave from $150.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, November 11th. Macquarie cut their target price on shares of CoreWeave from $140.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 11th. Melius Research set a $140.00 target price on CoreWeave in a research report on Tuesday, November 11th. Melius upgraded CoreWeave from a "hold" rating to a "buy" rating and set a $165.00 price target on the stock in a report on Tuesday, September 23rd. Finally, Needham & Company LLC reissued a "hold" rating on shares of CoreWeave in a research report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, CoreWeave currently has a consensus rating of "Moderate Buy" and an average target price of $130.14.
View Our Latest Stock Report on CRWV
Hedge Funds Weigh In On CoreWeave
Several institutional investors and hedge funds have recently modified their holdings of the stock. Family Legacy Financial Solutions LLC increased its stake in shares of CoreWeave by 166.7% in the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock worth $27,000 after acquiring an additional 125 shares during the last quarter. HighMark Wealth Management LLC purchased a new position in CoreWeave in the third quarter valued at about $27,000. OLD Second National Bank of Aurora acquired a new position in CoreWeave in the 3rd quarter worth about $27,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of CoreWeave during the 3rd quarter worth about $27,000. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of CoreWeave during the 3rd quarter worth about $28,000.
About CoreWeave
(
Get Free Report)
CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.
Further Reading
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