CoreWeave (NASDAQ:CRWV) Insider Brian Venturo Sells 76,924 Shares

CoreWeave Inc. (NASDAQ:CRWV) insider Brian Venturo sold 76,924 shares of CoreWeave stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $110.55, for a total value of $8,503,948.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Stock Down 6.1%

Shares of CRWV traded down $6.91 during midday trading on Friday, hitting $107.30. The company had a trading volume of 21,949,317 shares, compared to its average volume of 28,090,322. The company’s 50-day simple moving average is $96.89 and its 200-day simple moving average is $91.87. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.46 and a current ratio of 0.31. The firm has a market capitalization of $48.02 billion, a P/E ratio of -34.50 and a beta of 7.84. CoreWeave Inc. has a 1 year low of $63.80 and a 1 year high of $187.00.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The company had revenue of $1.57 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. CoreWeave’s revenue was up 110.4% on a year-over-year basis. As a group, sell-side analysts expect that CoreWeave Inc. will post -4.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CRWV. HC Wainwright reaffirmed a “buy” rating and set a $180.00 price objective on shares of CoreWeave in a research report on Monday, March 2nd. Citigroup upped their price objective on CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday. Mizuho upped their price objective on CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Jefferies Financial Group upped their price objective on CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Macquarie Infrastructure reaffirmed a “neutral” rating and set a $115.00 price objective on shares of CoreWeave in a research report on Tuesday, January 27th. Twenty equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, CoreWeave currently has an average rating of “Moderate Buy” and an average price target of $131.97.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave launched Sandboxes, a new AI execution layer designed for secure, isolated agent workloads, debugging, and reinforcement learning at scale. The product could help the company monetize higher-value AI infrastructure use cases and strengthen its position in fast-growing AI agent workloads. CoreWeave Sandboxes Targets AI Agent Workloads And Higher Value Monetization
• Positive Sentiment: Citigroup raised its price target on CoreWeave to $158 and kept a buy rating, reinforcing bullish sentiment around the stock. CoreWeave (NASDAQ:CRWV) Given New $158.00 Price Target at Citigroup
• Positive Sentiment: Coverage highlighting CoreWeave as a beneficiary of rising AI data center spending suggests investors are still rotating into AI infrastructure names beyond chips. 3 AI Data Center Stocks Worth Watching for Capital Rotation (CRWV)
• Neutral Sentiment: CoreWeave will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 19, which could provide a catalyst if management shares new business updates, but the event itself is mostly informational. CoreWeave to Participate in the J.P. Morgan Global Technology, Media and Communications Conference
• Negative Sentiment: Insider sales by co-founder Brian Venturo and CEO Michael Intrator may weigh on sentiment, even though the transactions were made under pre-arranged trading plans. Brian Venturo Sells 375,000 Shares of CoreWeave (NASDAQ:CRWV) Stock

Institutional Trading of CoreWeave

A number of large investors have recently made changes to their positions in CRWV. Sivia Capital Partners LLC acquired a new stake in shares of CoreWeave in the 2nd quarter valued at about $39,824,000. Quantbot Technologies LP acquired a new stake in shares of CoreWeave in the 2nd quarter valued at about $311,000. Invesco Ltd. acquired a new stake in shares of CoreWeave in the 2nd quarter valued at about $882,000. First Trust Advisors LP acquired a new stake in shares of CoreWeave in the 2nd quarter valued at about $20,260,000. Finally, Baird Financial Group Inc. acquired a new stake in shares of CoreWeave in the 2nd quarter valued at about $455,000.

About CoreWeave

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.