Key Points
- CoreWeave insider Brian Venturo sold 375,000 shares on May 11 at an average price of $115.85, totaling about $43.4 million. The sale was made under a pre-arranged Rule 10b5-1 plan.
- The stock has been volatile but recently stronger, opening at $111.31 and rising 3.3% in the session cited. CoreWeave’s market cap is about $49.8 billion, and the shares have traded between a 52-week low of $61.33 and high of $187.00.
- Wall Street remains largely optimistic despite losses, with 20 Buy ratings and a consensus target price of $131.88. The company also posted strong revenue growth in its last quarter, though it missed EPS estimates and continues to report negative margins.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Brian Venturo sold 375,000 shares of CoreWeave stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $115.85, for a total value of $43,443,750.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CoreWeave Stock Up 3.3%
Shares of CoreWeave stock opened at $111.31 on Thursday. The firm has a market cap of $49.82 billion, a price-to-earnings ratio of -35.79 and a beta of 7.84. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.46. CoreWeave Inc. has a 52-week low of $61.33 and a 52-week high of $187.00. The stock has a 50-day simple moving average of $96.08 and a 200-day simple moving average of $92.00.
CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The firm had revenue of $1.57 billion for the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. CoreWeave's revenue for the quarter was up 110.4% compared to the same quarter last year. On average, equities research analysts expect that CoreWeave Inc. will post -4.15 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the company. Truist Financial lifted their price target on CoreWeave from $85.00 to $131.00 and gave the company a "hold" rating in a report on Friday, May 8th. Evercore restated an "outperform" rating and issued a $150.00 target price on shares of CoreWeave in a report on Wednesday, April 15th. Citizens Jmp restated a "market outperform" rating and issued a $180.00 target price on shares of CoreWeave in a report on Friday, February 27th. JPMorgan Chase & Co. boosted their target price on CoreWeave from $90.00 to $105.00 and gave the stock a "neutral" rating in a report on Friday, May 8th. Finally, HC Wainwright restated a "buy" rating and issued a $180.00 target price on shares of CoreWeave in a report on Monday, March 2nd. Twenty investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.88.
Read Our Latest Report on CRWV
CoreWeave News Roundup
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave continues to benefit from strong AI infrastructure demand, with recent coverage highlighting $2.1 billion in Q1 revenue and a $99.4 billion backlog. Article Title
- Positive Sentiment: Wall Street remains broadly constructive, with multiple firms raising price targets and maintaining bullish ratings on CRWV. Article Title
- Positive Sentiment: CoreWeave said it ranked No. 1 for inference speed and price-performance in an independent benchmark for Moonshot AI’s Kimi K2.6 model, reinforcing its competitiveness in AI cloud infrastructure. Article Title
- Neutral Sentiment: CoreWeave announced it will participate in the J.P. Morgan Global Technology, Media and Communications Conference on May 19, which is mainly an investor-relations event unless it delivers new business updates. Article Title
- Negative Sentiment: COO Sachin Jain sold 14,750 shares, a transaction that can weigh on sentiment even though the company said it was tied to tax withholding on vesting equity awards. Article Title
- Negative Sentiment: Additional coverage has highlighted concerns that CoreWeave’s AI growth story could be slowing, while heavy debt and ongoing losses remain key investor worries. Article Title
Institutional Trading of CoreWeave
A number of institutional investors and hedge funds have recently modified their holdings of the company. Parallel Advisors LLC increased its position in shares of CoreWeave by 4.0% during the first quarter. Parallel Advisors LLC now owns 2,340 shares of the company's stock valued at $181,000 after purchasing an additional 91 shares during the period. Azzad Asset Management Inc. ADV increased its position in shares of CoreWeave by 2.1% during the first quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company's stock valued at $389,000 after purchasing an additional 104 shares during the period. Hazlett Burt & Watson Inc. increased its position in shares of CoreWeave by 34.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company's stock valued at $33,000 after purchasing an additional 119 shares during the period. Chilton Capital Management LLC increased its position in shares of CoreWeave by 50.2% during the third quarter. Chilton Capital Management LLC now owns 362 shares of the company's stock valued at $50,000 after purchasing an additional 121 shares during the period. Finally, Cullen Frost Bankers Inc. increased its position in shares of CoreWeave by 45.8% during the fourth 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.
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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