Key Points
- CoreWeave insider Brian Venturo sold 76,924 shares on June 24 at an average price of $101.32, totaling about $7.79 million. The trade was made under a pre-arranged Rule 10b5-1 plan.
- The company recently reported Q1 earnings of -$1.40 per share, missing analyst expectations, although revenue jumped 111.6% year over year to $2.08 billion. CoreWeave remains unprofitable, with a negative net margin and return on equity.
- Despite insider selling, Wall Street remains broadly optimistic: several analysts have Buy or Overweight ratings, and the current consensus is a Moderate Buy with a $135 average price target. Recent news also highlighted new AI infrastructure partnerships and expansion plans, including a deal to grow capacity in Sweden.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Brian Venturo sold 76,924 shares of the business's stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $101.32, for a total transaction of $7,793,939.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CoreWeave Stock Performance
Shares of CoreWeave stock opened at $96.58 on Friday. The company has a market capitalization of $43.23 billion, a PE ratio of -31.05 and a beta of 7.14. CoreWeave Inc. has a 12 month low of $63.80 and a 12 month high of $173.35. 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 stock's fifty day simple moving average is $110.42 and its 200 day simple moving average is $94.62.
CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) 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 business had revenue of $2.08 billion during the quarter. During the same period last year, the firm posted ($0.60) earnings per share. The company's revenue for the quarter was up 111.6% on a year-over-year basis. On average, research analysts predict that CoreWeave Inc. will post -4.57 EPS for the current year.
Key Stories Impacting CoreWeave
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy rating and a $250 price target, reinforcing the bullish view that CoreWeave could benefit from rising demand for AI infrastructure. Read More
- Positive Sentiment: BNP Paribas and other reports highlighted CoreWeave as a key beneficiary of the next AI chip cycle, while Cantor Fitzgerald reiterated an Overweight rating and a $167 target. Article Title
- Positive Sentiment: CoreWeave announced a partnership with Conapto to expand AI cloud capacity in Sweden, which supports the company’s growth narrative and international expansion. Article Title
- Neutral Sentiment: Several articles argue CoreWeave is one of the stocks that could double over the next two years, reflecting strong long-term enthusiasm but no new hard financial data. Article Title
- Negative Sentiment: CEO Michael Intrator sold shares under a pre-arranged trading plan, and insider Brannin McBee also sold stock. Even though the sales were planned, insider selling can still weigh on sentiment. SEC Filing
Analysts Set New Price Targets
CRWV has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on CoreWeave from $90.00 to $105.00 and gave the company a "neutral" rating in a research report on Friday, May 8th. Citigroup raised their target price on shares of CoreWeave from $155.00 to $158.00 and gave the stock a "buy" rating in a report on Thursday, May 14th. DA Davidson reiterated a "neutral" rating and issued a $100.00 price target (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. BNP Paribas Exane assumed coverage on shares of CoreWeave in a research report on Tuesday, June 2nd. They set an "outperform" rating and a $192.00 price objective for the company. Finally, Jefferies Financial Group raised their price objective on shares of CoreWeave from $120.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.00.
View Our Latest Research Report on CoreWeave
Institutional Investors Weigh In On CoreWeave
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cornerstone Planning Group LLC boosted its position in CoreWeave by 272.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company's stock worth $25,000 after acquiring an additional 251 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of CoreWeave during the 3rd quarter worth approximately $27,000. Cullen Frost Bankers Inc. raised its holdings in shares of 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 purchasing an additional 121 shares during the last quarter. Greenline Wealth Management LLC acquired a new stake in shares of CoreWeave in the fourth quarter valued at approximately $28,000. Finally, Peterson Wealth Services lifted its position in shares of CoreWeave by 153.1% in the first quarter. Peterson Wealth Services now owns 405 shares of the company's stock worth $31,000 after purchasing an additional 245 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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