Key Points
- Brian Venturo sold 281,250 CoreWeave (NASDAQ:CRWV) shares on December 24 at an average price of $79.36, totaling about $22.32 million (disclosed on an SEC Form 4).
- Recent quarter beat expectations: CoreWeave reported EPS of ($0.22) versus ($0.36) expected and revenue of $1.36 billion (vs. $1.28 billion), with revenue up 133.7% year‑over‑year.
- Market and analyst backdrop: the company has a market cap of ~$28.95 billion and a negative P/E (-51.67) with a 52‑week range of $33.51–$187; analysts’ consensus is a “Hold” with a $127.70 target amid several recent price‑target cuts.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Brian Venturo sold 281,250 shares of CoreWeave stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $79.36, for a total transaction of $22,320,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
CoreWeave Price Performance
CoreWeave stock opened at $74.92 on Tuesday. 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 52-week low of $33.51 and a 52-week high of $187.00. The firm has a market cap of $28.95 billion and a PE ratio of -51.67. The company's 50 day moving average is $91.64 and its two-hundred day moving average is $114.96.
CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $1.28 billion. The firm's revenue was up 133.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.82) EPS.
Institutional Trading of CoreWeave
Institutional investors have recently modified their holdings of the stock. Family Legacy Financial Solutions LLC grew its position in shares of CoreWeave by 166.7% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock valued at $27,000 after buying an additional 125 shares during the last quarter. HighMark Wealth Management LLC acquired a new position in CoreWeave in the third quarter valued at $27,000. OLD Second National Bank of Aurora purchased a new position in shares of CoreWeave during the third quarter worth about $27,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of CoreWeave during the third quarter worth about $27,000. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of CoreWeave during the third quarter worth about $28,000.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on CRWV shares. Loop Capital decreased their price objective on CoreWeave from $165.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, November 12th. Melius Research set a $140.00 target price on shares of CoreWeave in a report on Tuesday, November 11th. Macquarie lowered their price target on shares of CoreWeave from $140.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, November 11th. The Goldman Sachs Group reduced their price objective on shares of CoreWeave from $120.00 to $105.00 and set a "neutral" rating on the stock in a report on Monday, November 17th. Finally, Melius raised shares of CoreWeave from a "hold" rating to a "buy" rating and set a $165.00 price objective for the company in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $127.70.
Read Our Latest Research Report on CoreWeave
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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