CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Kristen Mcveety sold 1,677 shares of the company's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $90.83, for a total transaction of $152,321.91. Following the completion of the sale, the insider directly owned 122,750 shares of the company's stock, valued at approximately $11,149,382.50. This represents a 1.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
CoreWeave Price Performance
NASDAQ CRWV opened at $99.30 on Wednesday. CoreWeave Inc. has a 12 month low of $33.51 and a 12 month high of $187.00. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market capitalization of $38.37 billion and a PE ratio of -68.48. The company's 50 day simple moving average is $87.68 and its 200 day simple moving average is $100.41.
Hedge Funds Weigh In On CoreWeave
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC increased its stake in CoreWeave by 272.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company's stock worth $25,000 after purchasing an additional 251 shares in the last quarter. Family Legacy Financial Solutions LLC boosted its holdings 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 buying an additional 125 shares during the period. HighMark Wealth Management LLC acquired a new position in shares of CoreWeave in the third quarter worth about $27,000. OLD Second National Bank of Aurora purchased a new position in shares of CoreWeave in the third quarter worth approximately $27,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of CoreWeave during the third quarter valued at approximately $27,000.
Key Headlines Impacting CoreWeave
Here are the key news stories impacting CoreWeave this week:
Wall Street Analyst Weigh In
A number of research firms have recently commented on CRWV. DA Davidson raised CoreWeave from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $68.00 to $110.00 in a research note on Monday, January 26th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of CoreWeave in a report on Monday, December 29th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $174.00 price target on shares of CoreWeave in a research report on Wednesday, November 5th. Evercore reduced their price objective on shares of CoreWeave from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Tuesday, November 11th. Finally, Truist Financial started coverage on shares of CoreWeave in a research note on Tuesday, January 6th. They issued a "hold" rating and a $84.00 price objective on the stock. Seventeen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $125.45.
View Our Latest Stock Analysis on CRWV
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
