CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Brian Venturo sold 375,000 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $101.24, for a total value of $37,965,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CoreWeave Trading Up 1.5%
NASDAQ:CRWV opened at $101.28 on Thursday. The company has a market cap of $45.33 billion, a P/E ratio of -32.57 and a beta of 7.84. The stock's fifty day moving average price is $99.10 and its two-hundred day moving average price is $90.96. CoreWeave Inc. has a 1 year low of $63.80 and a 1 year high of $187.00. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31.
CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its 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 company had revenue of $1.57 billion for the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The company's quarterly revenue was up 110.4% on a year-over-year basis. As a group, analysts expect that CoreWeave Inc. will post -4.15 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Cornerstone Planning Group LLC grew its stake in shares of CoreWeave by 272.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company's stock valued at $25,000 after buying an additional 251 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of CoreWeave during the third quarter valued at about $27,000. Aspect Partners LLC bought a new position in shares of CoreWeave during the third quarter valued at about $28,000. Cullen Frost Bankers Inc. grew its stake 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 buying an additional 121 shares during the last quarter. Finally, Greenline Wealth Management LLC bought a new position in shares of CoreWeave during the fourth quarter valued at about $28,000.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on CRWV shares. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of CoreWeave in a report on Monday, May 4th. Barclays upped their price target on shares of CoreWeave from $106.00 to $120.00 and gave the stock an "equal weight" rating in a report on Monday, May 11th. Oppenheimer upped their price target on shares of CoreWeave from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, April 29th. Citigroup upped their price target on shares of CoreWeave from $155.00 to $158.00 and gave the stock a "buy" rating in a report on Thursday, May 14th. Finally, Wolfe Research started coverage on shares of CoreWeave in a report on Thursday, April 16th. They issued an "outperform" rating and a $150.00 price target on the stock. Nineteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $129.63.
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CoreWeave News Roundup
Here are the key news stories impacting CoreWeave this week:
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.
Further Reading
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