CoreWeave (NASDAQ:CRWV) Insider Brian Venturo Sells 281,250 Shares

CoreWeave Inc. (NASDAQ:CRWV) insider Brian Venturo sold 281,250 shares of CoreWeave stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $87.75, for a total transaction of $24,679,687.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

CoreWeave Price Performance

Shares of CoreWeave stock opened at $78.59 on Friday. The business’s fifty day moving average price is $105.11 and its 200 day moving average price is $119.95. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month high of $187.00. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $30.37 billion and a P/E ratio of -54.20.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.14. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the business posted ($1.82) EPS. The company’s quarterly revenue was up 133.7% on a year-over-year basis.

Analysts Set New Price Targets

CRWV has been the subject of a number of recent research reports. Melius Research set a $140.00 target price on CoreWeave in a research note on Tuesday, November 11th. Citizens Jmp raised shares of CoreWeave from a “market perform” rating to an “outperform” rating and set a $180.00 price objective for the company in a research report on Tuesday, September 16th. Jefferies Financial Group reduced their target price on shares of CoreWeave from $180.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Raymond James Financial began coverage on shares of CoreWeave in a research note on Monday, September 15th. They issued an “outperform” rating and a $130.00 target price for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of CoreWeave in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $129.47.

Hedge Funds Weigh In On CoreWeave

A number of large investors have recently made changes to their positions in the business. Family Legacy Financial Solutions LLC raised its holdings in shares of CoreWeave by 166.7% during the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock worth $27,000 after acquiring an additional 125 shares in the last quarter. HighMark Wealth Management LLC bought a new stake in shares of CoreWeave during the 3rd quarter worth about $27,000. OLD Second National Bank of Aurora acquired a new position in shares of CoreWeave during the 3rd quarter valued at about $27,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of CoreWeave in the 3rd quarter valued at approximately $27,000. Finally, Princeton Global Asset Management LLC bought a new stake in shares of CoreWeave during the 3rd quarter worth $28,000.

CoreWeave Company Profile

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.