Key Points
- Director Jack Cogen sold 986,540 CoreWeave shares on May 26 at an average price of $107.80, generating about $106.3 million in proceeds. The filing adds to recent insider selling that may be pressuring sentiment.
- CoreWeave stock rose 2.5% and recently traded around $106.86, well above its 50-day and 200-day moving averages. The company still carries a high valuation and volatility profile, with a market cap of about $47.8 billion and a beta of 7.84.
- Wall Street remains mixed but generally constructive on CoreWeave despite a recent earnings miss, with analysts showing a “Moderate Buy” consensus and a target price around $129.63. Recent bullish notes and upcoming conference appearances suggest investors are still watching its AI growth story closely.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) Director Jack Cogen sold 986,540 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $107.80, for a total value of $106,349,012.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
CoreWeave Stock Up 2.5%
Shares of CRWV stock opened at $106.86 on Friday. The stock's 50 day simple moving average is $102.09 and its 200 day simple moving average is $90.49. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. CoreWeave Inc. has a twelve month low of $63.80 and a twelve month high of $187.00. The company has a market capitalization of $47.83 billion, a price-to-earnings ratio of -34.36 and a beta of 7.84.
CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The business had revenue of $1.57 billion during 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% compared to the same quarter last year. As a group, research analysts predict that CoreWeave Inc. will post -4.58 EPS for the current year.
Key CoreWeave News
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave launched new unified agentic AI capabilities aimed at closing the loop between training and inference, which could strengthen its position as a key AI infrastructure provider and support future growth expectations. CoreWeave’s Closed Loop Agentic AI Aims To Reshape Growth Expectations
- Positive Sentiment: CoreWeave also announced it will present at the BofA Securities Global Technology Conference on June 3, keeping investor attention on the company and giving management a platform to highlight its AI strategy. CoreWeave to Participate in the BofA Securities Global Technology Conference
- Neutral Sentiment: Analyst commentary remains constructive overall, with Citi recently raising its price target to $158 while keeping a Buy rating, suggesting Wall Street still sees upside despite recent volatility. Here’s What Analysts Think About CoreWeave, Inc. (CRWV)
- Neutral Sentiment: One article noted short-interest activity and another pointed to a June 26 calendar date as a possible catalyst, reinforcing that traders are focused on near-term volatility and event risk. Dear CoreWeave stock fans, mark your calendars for June 26
- Negative Sentiment: Heavy insider selling is likely weighing on sentiment: CEO Michael Intrator sold more than 307,000 shares in two transactions, and Director Karen Boone also sold shares, which can signal caution even though some sales were under a Rule 10b5-1 plan. SEC filing for CEO sale
- Negative Sentiment: Investor concern over CoreWeave’s backlog and short-selling interest suggests some market participants doubt the pace or quality of future growth, adding pressure to the stock. CoreWeave: Something Doesn't Add Up About The Backlog
Analyst Ratings Changes
Several research analysts have commented on the company. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of CoreWeave in a research report on Monday, May 4th. HC Wainwright reaffirmed a "buy" rating and issued a $180.00 price target on shares of CoreWeave in a research report on Monday, March 2nd. Needham & Company LLC restated a "hold" rating on shares of CoreWeave in a report on Friday, February 27th. Bank of America raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a research report on Tuesday, March 24th. Finally, Cantor Fitzgerald increased their target price on shares of CoreWeave from $156.00 to $167.00 and gave the company an "overweight" rating in a research note on Monday, May 11th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, CoreWeave has an average rating of "Moderate Buy" and a consensus target price of $129.63.
View Our Latest Stock Report on CoreWeave
Institutional Trading of CoreWeave
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRWV. Vanguard Group Inc. lifted its stake in CoreWeave by 275.6% during the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company's stock worth $1,999,421,000 after purchasing an additional 20,487,478 shares during the period. Proficio Capital Partners LLC grew its stake in shares of CoreWeave by 446,194.0% in the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company's stock valued at $2,443,013,000 after purchasing an additional 17,847,760 shares during the period. Bank of America Corp DE raised its holdings in shares of CoreWeave by 13.1% in the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company's stock worth $437,870,000 after buying an additional 653,398 shares in the last quarter. Clear Street Group Inc. lifted its position in shares of CoreWeave by 57.2% during the 4th quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company's stock worth $333,260,000 after buying an additional 1,692,916 shares during the period. Finally, Alyeska Investment Group L.P. boosted its stake in CoreWeave by 300.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company's stock valued at $286,440,000 after buying an additional 3,000,000 shares in the last quarter.
CoreWeave Company Profile
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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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