Key Points
- CoreWeave insider Brian Venturo sold 76,924 shares on Wednesday, May 6, at an average price of $136.70, for a total of about $10.5 million. The trade was made under a pre-arranged Rule 10b5-1 plan.
- CRWV shares were down 11.4% and opened at $114.15, with the stock trading well below its 52-week high of $187.00 but above its low of $50.18. The company still carries a high beta of 7.84 and a debt-to-equity ratio of 4.46.
- Despite strong revenue growth of 110.4% year over year in the latest quarter, CoreWeave missed earnings expectations and posted a loss of $0.89 per share. Analysts remain mixed overall, with a consensus rating of Moderate Buy and a target price of $131.09.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) COO Sachin Jain sold 7,335 shares of CoreWeave stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $131.13, for a total value of $961,838.55. Following the sale, the chief operating officer owned 104,068 shares in the company, valued at $13,646,436.84. This trade represents a 6.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sachin Jain also recently made the following trade(s):
- On Wednesday, April 15th, Sachin Jain sold 3,953 shares of CoreWeave stock. The stock was sold at an average price of $120.00, for a total value of $474,360.00.
- On Friday, April 10th, Sachin Jain sold 7,335 shares of CoreWeave stock. The stock was sold at an average price of $105.00, for a total value of $770,175.00.
- On Wednesday, April 8th, Sachin Jain sold 3,953 shares of CoreWeave stock. The stock was sold at an average price of $92.00, for a total value of $363,676.00.
CoreWeave Stock Performance
Shares of CoreWeave stock opened at $114.15 on Friday. The business's fifty day simple moving average is $94.19 and its 200 day simple moving average is $92.34. The firm has a market capitalization of $50.57 billion, a P/E ratio of -36.70 and a beta of 7.84. CoreWeave Inc. has a 12 month low of $50.18 and a 12 month high of $187.00. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 4.46.
CoreWeave (NASDAQ:CRWV - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative return on equity of 47.88% and a negative net margin of 25.57%.The firm had revenue of $1.57 billion during the quarter. CoreWeave's quarterly revenue was up 110.4% compared to the same quarter last year. As a group, analysts anticipate that CoreWeave Inc. will post -4.15 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on CRWV shares. The Goldman Sachs Group started coverage on CoreWeave in a research report on Monday, January 12th. They issued a "neutral" rating and a $86.00 target price for the company. Evercore reissued an "outperform" rating and issued a $150.00 target price on shares of CoreWeave in a research report on Wednesday, April 15th. Roth Mkm reissued a "buy" rating and issued a $150.00 target price on shares of CoreWeave in a research report on Friday. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $135.00 target price on shares of CoreWeave in a research report on Friday. Finally, Needham & Company LLC reissued a "hold" rating on shares of CoreWeave in a research report on Friday, February 27th. Twenty analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $131.09.
Check Out Our Latest Stock Analysis on CRWV
Hedge Funds Weigh In On CoreWeave
Hedge funds have recently made changes to their positions in the stock. KERR FINANCIAL PLANNING Corp purchased a new position in shares of CoreWeave in the third quarter valued at $27,000. Aspect Partners LLC purchased a new position in shares of CoreWeave in the third quarter valued at $28,000. Rothschild Investment LLC grew its position in shares of CoreWeave by 10,700.0% in the third quarter. Rothschild Investment LLC now owns 216 shares of the company's stock valued at $30,000 after purchasing an additional 214 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of CoreWeave in the third quarter valued at $30,000. Finally, UMB Bank n.a. purchased a new position in shares of CoreWeave in the third quarter valued at $34,000.
Trending Headlines about CoreWeave
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave said bookings hit the strongest level in company history and backlog remains very large, reinforcing that demand for AI infrastructure is still extremely strong. CoreWeave Reports 'Strongest' Bookings
- Positive Sentiment: Analysts and commentators remain constructive on the long-term AI growth story, with some saying the pullback may create an attractive entry point despite near-term volatility. Seeking Alpha rating upgrade
- Neutral Sentiment: The company also highlighted product momentum, including expanded SUNK capabilities and SUNK Anywhere, which could support customer adoption over time. CoreWeave expands SUNK capabilities
- Neutral Sentiment: JPMorgan and Mizuho raised price targets but kept neutral ratings, suggesting Wall Street sees value but is still cautious on the stock’s near-term execution risk. Analyst target updates
- Negative Sentiment: CoreWeave reported a larger quarterly loss than expected as operating expenses climbed, fueling concerns that profitability remains distant even with rapid revenue growth. WSJ on widened Q1 loss
- Negative Sentiment: Second-quarter revenue guidance came in below consensus, and the company also lifted its capital spending outlook, creating concern about slower conversion of demand into revenue and continued heavy investment. CoreWeave forecast miss and higher capex
- Negative Sentiment: Recent insider and major shareholder selling, including sales by CEO Michael Intrator, Brian Venturo, Chen Goldberg, and Magnetar Financial, is adding short-term pressure on sentiment. CEO Form 4 filing
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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