Key Points
- CoreWeave director Jack Cogen sold 271,153 shares on May 29 at an average price of $106.97, for proceeds of about $29.0 million. After the sale, he still held 8.77 million shares, and the trade reduced his position by 3%.
- The stock was trading lower and remains volatile, with the article noting a 4.4% decline and a beta of 7.14. Shares opened at $119.27, versus a 52-week range of $63.80 to $187.00.
- CoreWeave posted strong revenue growth but continued losses in its latest quarterly results, reporting $2.08 billion in revenue, up 111.6% year over year, while missing EPS estimates at a loss of $1.40 per share. Analysts remain generally upbeat, with an average rating of “Moderate Buy” and a consensus price target of $131.52.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) Director Jack Cogen sold 271,153 shares of the firm's stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $106.97, for a total value of $29,005,236.41. Following the sale, the director owned 8,769,676 shares in the company, valued at $938,092,241.72. The trade was a 3.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
CoreWeave Trading Down 4.4%
NASDAQ CRWV opened at $119.27 on Wednesday. The stock's 50-day simple moving average is $103.51 and its two-hundred day simple moving average is $90.78. CoreWeave Inc. has a twelve month low of $63.80 and a twelve month high of $187.00. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The company has a market capitalization of $53.38 billion, a price-to-earnings ratio of -38.35 and a beta of 7.14.
CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing analysts' consensus estimates of ($1.17) by ($0.23). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm had revenue of $2.08 billion for the quarter. During the same quarter last year, the firm earned ($0.60) EPS. The firm's quarterly revenue was up 111.6% on a year-over-year basis. Research analysts forecast that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.
CoreWeave News Summary
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: BNP Paribas started coverage with bullish views, adding analyst support and helping reinforce the market’s positive stance on CoreWeave’s growth prospects. CoreWeave rises after BNP Paribas starts coverage with bullish views
- Positive Sentiment: CoreWeave announced it is the first AI cloud provider to bring up and fully validate NVIDIA’s Vera Rubin NVL72 system, a milestone that strengthens its AI infrastructure credibility and may help win more enterprise workloads. CoreWeave Completes Industry-First Bring-Up and Validation of NVIDIA Vera Rubin NVL72
- Positive Sentiment: Continued AI sector momentum and heavy call-option buying suggest traders are positioning for more upside in CRWV. CoreWeave Stock Continues To Climb: What's Driving The Momentum?
- Neutral Sentiment: Some commentary says CoreWeave still screens as a “wait-and-see” setup over the next 12 months, with valuation around a reference value near $138.56, suggesting upside may depend on execution rather than current hype. Buy, Hold, or Sell: Is CoreWeave a Multibagger in the Making, or an AI Infrastructure Debt Trap?
- Negative Sentiment: Recent insider selling by the COO, CFO, and another executive may temper enthusiasm somewhat, even if the amounts were not large enough on their own to drive the stock. CoreWeave (NASDAQ:CRWV) CFO Sells $562,752.36 in Stock
Wall Street Analysts Forecast Growth
CRWV has been the topic of several analyst reports. Wells Fargo & Company lifted their price objective on CoreWeave from $135.00 to $155.00 and gave the stock an "overweight" rating in a report on Friday, May 8th. BNP Paribas Exane initiated coverage on CoreWeave in a report on Tuesday. They issued an "outperform" rating and a $192.00 price objective on the stock. Citizens Jmp reiterated a "market outperform" rating and issued a $180.00 price objective on shares of CoreWeave in a report on Friday, February 27th. Roth Mkm reiterated a "buy" rating and issued a $150.00 price objective on shares of CoreWeave in a report on Friday, May 8th. Finally, Barclays lifted their price objective on CoreWeave from $106.00 to $120.00 and gave the stock an "equal weight" rating in a report on Monday, May 11th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $131.52.
Read Our Latest Analysis on CRWV
Institutional Trading of CoreWeave
Large investors have recently modified their holdings of the business. KERR FINANCIAL PLANNING Corp bought a new stake in shares of CoreWeave in the third quarter worth about $27,000. Aspect Partners LLC bought a new stake in shares of CoreWeave in the third quarter worth about $28,000. Rothschild Investment LLC grew its stake in shares of CoreWeave by 10,700.0% in the third quarter. Rothschild Investment LLC now owns 216 shares of the company's stock worth $30,000 after purchasing an additional 214 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of CoreWeave in the third quarter worth about $30,000. Finally, UMB Bank n.a. bought a new stake in shares of CoreWeave in the third quarter worth about $34,000.
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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