Key Points
- CoreWeave insider Brian Venturo sold 76,924 shares on May 13 at an average price of $110.55, for a total of about $8.5 million. The trade was made under a pre-arranged Rule 10b5-1 plan.
- The stock was reported down 6.1%, even as analysts remain broadly constructive, with an average rating of Moderate Buy and a consensus price target of $131.97.
- CoreWeave continues to draw attention for its rapid revenue growth and new AI-related products like Sandboxes, but investors are also focused on its high debt load and ongoing losses.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Jeff Baker sold 42,515 shares of the firm's stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $113.94, for a total transaction of $4,844,159.10. Following the completion of the transaction, the insider owned 14 shares of the company's stock, valued at $1,595.16. This trade represents a 99.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Jeff Baker also recently made the following trade(s):
- On Wednesday, April 29th, Jeff Baker sold 6,760 shares of CoreWeave stock. The shares were sold at an average price of $107.87, for a total transaction of $729,201.20.
- On Tuesday, March 31st, Jeff Baker sold 16 shares of CoreWeave stock. The shares were sold at an average price of $74.05, for a total transaction of $1,184.80.
- On Friday, February 20th, Jeff Baker sold 2,374 shares of CoreWeave stock. The shares were sold at an average price of $90.83, for a total transaction of $215,630.42.
CoreWeave Price Performance
CRWV stock opened at $107.30 on Friday. The firm has a 50 day moving average of $97.44 and a 200-day moving average of $91.98. The company has a current ratio of 0.31, a quick ratio of 0.46 and a debt-to-equity ratio of 3.68. CoreWeave Inc. has a 12 month low of $63.80 and a 12 month high of $187.00. The firm has a market capitalization of $48.02 billion, a P/E ratio of -34.50 and a beta of 7.84.
CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing analysts' consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm had revenue of $1.57 billion during the quarter. CoreWeave's revenue for the quarter was up 110.4% compared to the same quarter last year. As a group, sell-side analysts predict that CoreWeave Inc. will post -4.15 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Truist Financial raised their target price on shares of CoreWeave from $85.00 to $131.00 and gave the company a "hold" rating in a research note on Friday, May 8th. Evercore reaffirmed an "outperform" rating and issued a $150.00 target price on shares of CoreWeave in a research note on Wednesday, April 15th. Roth Mkm reaffirmed a "buy" rating and issued a $150.00 target price on shares of CoreWeave in a research note on Friday, May 8th. Jefferies Financial Group raised their target price on shares of CoreWeave from $120.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, May 4th. Finally, Macquarie Infrastructure reaffirmed a "neutral" rating and issued a $115.00 target price on shares of CoreWeave in a research note on Tuesday, January 27th. Twenty equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, CoreWeave currently has an average rating of "Moderate Buy" and an average price target of $131.97.
View Our Latest Stock Analysis on CRWV
Key Headlines Impacting CoreWeave
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave launched Sandboxes, a new execution layer for AI workloads designed to improve secure, isolated AI agent operations and support higher-value monetization across on-prem and serverless deployments. CoreWeave Sandboxes Targets AI Agent Workloads And Higher Value Monetization
- Positive Sentiment: Citigroup raised its price target on CoreWeave to $158 and kept a Buy rating, reinforcing Wall Street’s optimism about the company’s AI infrastructure growth story. CoreWeave (NASDAQ:CRWV) Given New $158.00 Price Target at Citigroup
- Positive Sentiment: CoreWeave was highlighted as a potential beneficiary of capital rotation into AI data center stocks, which may support sentiment toward the shares. 3 AI Data Center Stocks Worth Watching for Capital Rotation (CRWV)
- Neutral Sentiment: CoreWeave was also mentioned as a top GPU-as-a-service stock to watch, with analyst coverage still broadly constructive on the company’s long-term AI demand outlook. CoreWeave (CRWV) Is One Of Our Top Data Center GPU-As-A-Service Stock To Buy
- Neutral Sentiment: CoreWeave said it will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 19, an event that could provide a near-term catalyst if management offers new updates. CoreWeave to Participate in the J.P. Morgan Global Technology, Media and Communications Conference
- Negative Sentiment: CEO Michael Intrator, co-founder Brian Venturo, and insider Jeff Baker all disclosed large stock sales over the past few days, which can weigh on investor sentiment even when some trades were made under pre-arranged plans. CoreWeave insider Form 4 filing CoreWeave insider Form 4 filing
- Negative Sentiment: Bearish commentary continues to focus on CoreWeave’s high debt load, ongoing losses, and questions about whether its AI growth rate can stay as strong as investors expect. CoreWeave stock falls as the AI growth story slows down
Institutional Investors Weigh In On CoreWeave
Hedge funds have recently made changes to their positions in the business. AE Wealth Management LLC bought a new stake in shares of CoreWeave in the 3rd quarter worth approximately $4,241,000. Vanguard Group Inc. lifted its holdings in shares of CoreWeave by 275.6% in the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company's stock worth $1,999,421,000 after acquiring an additional 20,487,478 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of CoreWeave by 6,022.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company's stock worth $8,075,000 after acquiring an additional 110,926 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of CoreWeave by 67.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company's stock worth $4,794,000 after acquiring an additional 26,907 shares during the last quarter. Finally, Hidden Lake Asset Management LP bought a new stake in shares of CoreWeave in the 3rd quarter worth approximately $14,814,000.
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.
Recommended Stories
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].
