Key Points
- CoreWeave COO Sachin Jain sold 13,611 shares for about $629,000 at an average price of $46.23 to cover tax withholding on vested equity awards. He retained 177,224 shares after the sale.
- Recent Q3 results showed revenue up 168% year over year to $3.66 billion, with a narrower-than-expected loss. Management raised its full-year revenue outlook to about $13.3 billion and reported a backlog of roughly $132.5 billion.
- Analyst sentiment is mixed but leans positive: the stock has a “Moderate Buy” consensus rating and an average price target of $125.51, while debt, funding needs, and cash generation remain concerns.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) COO Sachin Jain sold 13,611 shares of the company's stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $46.23, for a total transaction of $629,236.53. Following the sale, the chief operating officer directly owned 177,224 shares of the company's stock, valued at $8,193,065.52. This represents a 7.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Sachin Jain also recently made the following trade(s):
- On Wednesday, September 30th, Sachin Jain sold 4 shares of CoreWeave stock. The stock was sold at an average price of $87.69, for a total transaction of $350.76.
- On Thursday, August 20th, Sachin Jain sold 6,339 shares of CoreWeave stock. The shares were sold at an average price of $91.88, for a total transaction of $582,427.32.
- On Wednesday, August 12th, Sachin Jain sold 1 shares of CoreWeave stock. The shares were sold at an average price of $110.00, for a total transaction of $110.00.
CoreWeave Stock Down 0.5%
Shares of NASDAQ:CRWV opened at $48.73 on Wednesday. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market cap of $22.36 billion, a PE ratio of -13.35 and a beta of 7.71. CoreWeave Inc. has a 52 week low of $40.58 and a 52 week high of $138.25. The firm has a 50 day simple moving average of $74.13 and a 200 day simple moving average of $89.44.
CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, topping analysts' consensus estimates 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 during the quarter. During the same period in the prior year, the business posted ($0.27) EPS. The company's revenue for the quarter was up 112.5% on a year-over-year basis. As a group, research analysts expect that CoreWeave Inc. will post -4.99 earnings per share for the current year.
Analysts Set New Price Targets
Several analysts have recently commented on CRWV shares. TD Cowen raised CoreWeave to a "buy" rating in a research report on Wednesday, July 22nd. Weiss Ratings reissued a "sell (d-)" rating on shares of CoreWeave in a research report on Monday, September 21st. BTIG Research assumed coverage on CoreWeave in a research report on Wednesday, July 22nd. They set a "buy" rating on the stock. Piper Sandler reduced their price objective on CoreWeave from $153.00 to $124.00 and set an "overweight" rating for the company in a research note on Wednesday, October 21st. Finally, BNP Paribas Exane restated an "outperform" rating and set a $117.00 price objective on shares of CoreWeave in a research report on Monday, October 19th. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $125.51.
Read Our Latest Stock Report on CoreWeave
More CoreWeave News
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: Q3 results beat expectations: Revenue increased 168% year over year to $3.66 billion, topping estimates, while the quarterly loss per share was narrower than analysts expected. Reuters earnings report
- Positive Sentiment: Higher outlook and substantial demand visibility: Management raised its full-year revenue outlook to about $13.3 billion, and reported a backlog of roughly $132.5 billion. The company also expects about $9 billion in customer prepayments and deposits over the next three months, which could help fund expansion. Yahoo Finance outlook report
- Positive Sentiment: New customer and market opportunity: A multi-year agreement to provide Wayve with NVIDIA Blackwell-powered cloud capacity extends CoreWeave’s reach into autonomous driving and “physical AI.” Seeking Alpha Wayve deal report
- Neutral Sentiment: Cash generation remains debated: One earnings report said cash burn was below expectations, while other commentary highlighted rising losses and heavy spending. Investors will look for evidence that rapid growth can translate into stronger cash flow. Investor’s Business Daily earnings report
- Negative Sentiment: Debt and funding risks persist: CoreWeave’s data-center buildout requires substantial financing, and reports of elevated yields on its bonds have kept credit risk in focus. That concern could weigh on the shares if borrowing costs rise or funding becomes harder to secure. CNBC financing-risk report
Institutional Investors Weigh In On CoreWeave
A number of large investors have recently bought and sold shares of the business. State Street Corp boosted its stake in shares of CoreWeave by 139.7% during the 2nd quarter. State Street Corp now owns 7,058,846 shares of the company's stock worth $702,638,000 after acquiring an additional 4,113,873 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in shares of CoreWeave by 55.7% in the 2nd quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company's stock valued at $1,084,117,000 after acquiring an additional 3,897,741 shares in the last quarter. Amundi raised its stake in shares of CoreWeave by 266.2% in the 1st quarter. Amundi now owns 3,284,121 shares of the company's stock valued at $254,421,000 after acquiring an additional 2,387,337 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in CoreWeave in the 2nd quarter worth approximately $127,936,000. Finally, Jennison Associates LLC acquired a new stake in CoreWeave in the 1st quarter worth approximately $95,135,000.
CoreWeave Company Profile
(
Get Free Report)
CoreWeave is a cloud computing company that provides infrastructure for artificial intelligence, machine learning, and other compute-intensive workloads. Its services include access to graphics processing units (GPUs), cloud storage and networking, and software tools for deploying and managing workloads. The company was founded in 2017 as a cryptocurrency mining business and later shifted its focus to cloud computing. CoreWeave is headquartered in Livingston, New Jersey, and operates data center infrastructure in the United States and Europe, serving customers that need large-scale computing resources.
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