Key Points
- CoreWeave insider Kristen McVeety sold 97,500 shares at an average price of $93.94, totaling approximately $9.16 million. The transaction, conducted under a Rule 10b5-1 plan, reduced her holdings by 44.16% to 123,313 shares.
- CoreWeave reported quarterly revenue of $2.58 billion, up 112.5% year over year, and narrowed its loss relative to analyst expectations with EPS of negative $1.14 versus the forecast of negative $1.52.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $141.90, but investors face significant risks from the company’s negative earnings, high leverage, low liquidity ratios and elevated stock volatility.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) EVP Chen Goldberg sold 22,424 shares of the company's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $95.91, for a total value of $2,150,685.84. Following the transaction, the executive vice president directly owned 50,550 shares in the company, valued at $4,848,250.50. The trade was a 30.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Chen Goldberg also recently made the following trade(s):
- On Thursday, August 20th, Chen Goldberg sold 8,628 shares of CoreWeave stock. The stock was sold at an average price of $91.88, for a total value of $792,740.64.
- On Monday, August 17th, Chen Goldberg sold 6,397 shares of CoreWeave stock. The shares were sold at an average price of $106.11, for a total value of $678,785.67.
- On Wednesday, August 5th, Chen Goldberg sold 19,208 shares of CoreWeave stock. The shares were sold at an average price of $92.29, for a total value of $1,772,706.32.
- On Tuesday, August 4th, Chen Goldberg sold 6,397 shares of CoreWeave stock. The shares were sold at an average price of $90.00, for a total value of $575,730.00.
- On Tuesday, June 30th, Chen Goldberg sold 4 shares of CoreWeave stock. The stock was sold at an average price of $95.69, for a total transaction of $382.76.
- On Monday, June 15th, Chen Goldberg sold 5,541 shares of CoreWeave stock. The stock was sold at an average price of $107.29, for a total transaction of $594,493.89.
CoreWeave Stock Performance
Shares of CRWV opened at $89.12 on Friday. The company's 50 day moving average price is $85.54 and its 200 day moving average price is $94.39. CoreWeave Inc. has a 52 week low of $60.55 and a 52 week high of $153.20. The company has a market capitalization of $40.89 billion, a PE ratio of -24.42 and a beta of 7.45. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46.
CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, beating the consensus estimate of ($1.52) by $0.38. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The firm had revenue of $2.58 billion for the quarter. During the same quarter in the prior year, the company posted ($0.27) EPS. The firm's quarterly revenue was up 112.5% compared to the same quarter last year. Research analysts expect that CoreWeave Inc. will post -5.19 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
CRWV has been the subject of several recent research reports. Piper Sandler reiterated an "overweight" rating and set a $153.00 price objective (up from $151.00) on shares of CoreWeave in a report on Wednesday, August 12th. Weiss Ratings upgraded CoreWeave from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, June 24th. Needham & Company LLC reaffirmed a "hold" rating on shares of CoreWeave in a research report on Thursday, August 13th. The Goldman Sachs Group raised their price target on CoreWeave from $121.00 to $139.00 and gave the stock a "neutral" rating in a research note on Friday, August 21st. Finally, Roth Capital set a $145.00 price target on CoreWeave in a report on Thursday, August 13th. Twenty-one analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.90.
Get Our Latest Research Report on CRWV
Institutional Investors Weigh In On CoreWeave
Institutional investors and hedge funds have recently modified their holdings of the business. Sivia Capital Partners LLC acquired a new position in CoreWeave during the second quarter worth $39,824,000. Quantbot Technologies LP bought a new position in CoreWeave during the second quarter valued at about $311,000. Invesco Ltd. acquired a new stake in shares of CoreWeave in the second quarter worth about $882,000. First Trust Advisors LP acquired a new stake in shares of CoreWeave in the second quarter worth about $20,260,000. Finally, Baird Financial Group Inc. acquired a new stake in shares of CoreWeave in the second quarter worth about $455,000.
More CoreWeave News
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave launched Physical AI Field Engineering, a service based on technology acquired from Monolith AI that helps customers build and deploy AI systems across research, engineering and field operations. The offering could expand CoreWeave’s higher-value services beyond GPU infrastructure. CoreWeave Launches Physical AI Field Engineering to Turn Proprietary Data Into Production AI
- Positive Sentiment: Demand remains robust: CoreWeave’s CEO said the company is struggling to secure enough NVIDIA GPUs to meet customer needs, while pricing is currently rising faster than input costs. A large backlog and OpenAI’s plans to spend approximately $750 billion on compute through 2030 reinforce the long-term demand opportunity. CoreWeave cannot get enough Nvidia GPUs: why the stock still dropped 5%
- Positive Sentiment: Michael Burry reportedly reduced bearish positions tied to CoreWeave and NVIDIA, potentially removing a high-profile source of selling pressure. Analysts also maintain a consensus “Moderate Buy” view. Michael Burry Reduces Bearish Bets on NVDA and CRWV
- Neutral Sentiment: CoreWeave and Parallel Works announced a managed AI cloud environment for DARPA biological research, adding government and research visibility but with no disclosed financial impact. Parallel Works and CoreWeave to Accelerate DARPA Biological Research
- Negative Sentiment: Investors remain concerned about CoreWeave’s leverage and sensitivity to higher interest rates. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and continues to report negative earnings, making its GPU expansion capital-intensive and financially risky. How Dangerous Are Top Neoclouds as Rate Hike Odds Increase?
- Negative Sentiment: A rating downgrade highlighted mounting execution, financing and valuation risks. The stock’s high beta and unusually active options trading are amplifying price swings, while investors took profits even as GPU demand remained strong. CoreWeave: Risks Are Mounting
CoreWeave Company Profile
(
Get Free Report)
CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning, high-performance computing and other data-intensive workloads. The company provides access to accelerated computing resources, particularly graphics processing units (GPUs), through a cloud platform designed for large-scale training, inference, rendering and scientific computing.
Its offerings include on-demand and reserved GPU instances, cloud storage, high-speed networking, Kubernetes-based container orchestration and managed services for deploying and scaling workloads.
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