Key Points
- CoreWeave COO Sachin Jain sold 3,798 shares on June 1 at an average price of $120, totaling about $455,760. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Jain still owned 127,629 shares valued at roughly $15.3 million, and the sale represented a 2.89% reduction in his holdings. The article also notes he has made several other recent CoreWeave sales.
- CoreWeave shares were trading at $110.93, with the stock up sharply from its 52-week low but still below its high. The company recently missed earnings expectations even as revenue jumped 111.6% year over year, while analysts maintain a Moderate Buy consensus with a $131.52 average target price.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) COO Sachin Jain sold 3,798 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $120.00, for a total value of $455,760.00. Following the transaction, the chief operating officer directly owned 127,629 shares of the company's stock, valued at approximately $15,315,480. The trade was a 2.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sachin Jain also recently made the following trade(s):
- On Thursday, May 28th, Sachin Jain sold 898 shares of CoreWeave stock. The shares were sold at an average price of $110.00, for a total value of $98,780.00.
- On Wednesday, May 20th, Sachin Jain sold 6,377 shares of CoreWeave stock. The shares were sold at an average price of $99.82, for a total value of $636,552.14.
- On Friday, May 8th, Sachin Jain sold 14,750 shares of CoreWeave stock. The shares were sold at an average price of $118.61, for a total value of $1,749,497.50.
- On Wednesday, May 6th, Sachin Jain sold 7,335 shares of CoreWeave stock. The shares were sold at an average price of $131.13, for a total value of $961,838.55.
- On Wednesday, April 15th, Sachin Jain sold 3,953 shares of CoreWeave stock. The shares were sold at an average price of $120.00, for a total value of $474,360.00.
- On Friday, April 10th, Sachin Jain sold 7,335 shares of CoreWeave stock. The shares were sold at an average price of $105.00, for a total transaction of $770,175.00.
- On Wednesday, April 8th, Sachin Jain sold 3,953 shares of CoreWeave stock. The shares were sold at an average price of $92.00, for a total transaction of $363,676.00.
CoreWeave Stock Performance
NASDAQ:CRWV opened at $110.93 on Thursday. CoreWeave Inc. has a twelve month low of $63.80 and a twelve month high of $187.00. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. The company has a 50-day moving average of $104.84 and a 200-day moving average of $91.25. The firm has a market cap of $49.65 billion, a price-to-earnings ratio of -35.67 and a beta of 7.14.
CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $2.08 billion for the quarter. During the same period last year, the business posted ($0.60) EPS. The company's quarterly revenue was up 111.6% on a year-over-year basis. Analysts forecast that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.
More CoreWeave News
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: BNP Paribas initiated coverage on CoreWeave with an Outperform rating and a $192 target, adding fresh bullish Wall Street support. BNP Paribas Initiates Coverage on CoreWeave. That Means CRWV Stock Could Soar 71% from Here.
- Positive Sentiment: CoreWeave’s first-to-market validation of NVIDIA’s Vera Rubin NVL72 system reinforces its AI infrastructure leadership and could attract more enterprise demand. Why CoreWeave (CRWV) Is Up 18.3% After First NVIDIA Vera Rubin NVL72 Cloud Deployment
- Positive Sentiment: Analyst upgrades, AI-sector strength, and unusually high options volume point to strong trading momentum in CRWV. CoreWeave Sees Unusually High Options Volume (NASDAQ:CRWV)
- Neutral Sentiment: Some market commentary still views CoreWeave as a valuation-dependent story, suggesting investors want more proof of execution before assigning much higher value. Buy, Hold, or Sell: Is CoreWeave a Multibagger in the Making, or an AI Infrastructure Debt Trap?
- Negative Sentiment: Recent insider selling by a director, COO, and major shareholder may slightly pressure sentiment, even though the transactions were disclosed and not necessarily a signal of near-term weakness. Jack D. Cogen Sells 271,153 Shares of CoreWeave
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on CRWV. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $135.00 price objective on shares of CoreWeave in a research note on Friday, May 8th. JPMorgan Chase & Co. raised their price objective on CoreWeave from $90.00 to $105.00 and gave the stock a "neutral" rating in a research note on Friday, May 8th. Wolfe Research assumed coverage on CoreWeave in a research note on Thursday, April 16th. They set an "outperform" rating and a $150.00 price objective for the company. BNP Paribas Exane assumed coverage on shares of CoreWeave in a report on Tuesday. They issued an "outperform" rating and a $192.00 target price for the company. Finally, Oppenheimer raised their target price on shares of CoreWeave from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $131.52.
Read Our Latest Stock Report on CoreWeave
Institutional Trading of CoreWeave
A number of institutional investors have recently bought and sold shares of CRWV. Parallel Advisors LLC lifted its stake in CoreWeave by 4.0% in the first quarter. Parallel Advisors LLC now owns 2,340 shares of the company's stock valued at $181,000 after acquiring an additional 91 shares during the last quarter. Pathway Wealth Management LLC lifted its stake in CoreWeave by 2.9% in the first quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company's stock valued at $278,000 after acquiring an additional 100 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its stake in CoreWeave by 2.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company's stock valued at $389,000 after acquiring an additional 104 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in CoreWeave by 34.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company's stock valued at $33,000 after acquiring an additional 119 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its stake in CoreWeave by 45.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company's stock valued at $28,000 after acquiring an additional 121 shares during the last quarter.
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.
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