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

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Brian Venturo sold 76,924 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $118.48, for a total value of $9,113,955.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Price Performance

NASDAQ CRWV opened at $117.95 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The stock has a market capitalization of $52.79 billion, a PE ratio of -37.93 and a beta of 7.14. CoreWeave Inc. has a 12-month low of $63.80 and a 12-month high of $187.00. The company has a 50 day moving average price of $110.37 and a two-hundred day moving average price of $93.70.

CoreWeave (NASDAQ:CRWVGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The business had revenue of $2.08 billion for the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The firm’s revenue was up 111.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.60) EPS. As a group, equities analysts predict that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CRWV shares. Barclays increased their price objective on CoreWeave from $106.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Truist Financial lifted their price target on shares of CoreWeave from $85.00 to $131.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $167.00 price objective on shares of CoreWeave in a research note on Thursday, June 11th. Oppenheimer raised their price objective on shares of CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, HC Wainwright reissued a “buy” rating and issued a $180.00 target price on shares of CoreWeave in a research note on Monday, March 2nd. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.52.

Get Our Latest Stock Analysis on CoreWeave

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC grew its holdings in shares of CoreWeave by 4.0% in the 1st quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock worth $181,000 after purchasing an additional 91 shares during the last quarter. Pathway Wealth Management LLC lifted its holdings in CoreWeave by 2.9% during the 1st quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock valued at $278,000 after purchasing an additional 100 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its position in CoreWeave by 2.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock valued at $389,000 after buying an additional 104 shares in the last quarter. Hazlett Burt & Watson Inc. grew its stake in CoreWeave by 34.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock worth $33,000 after buying an additional 119 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after buying an additional 121 shares during the last quarter.

CoreWeave Company Profile

(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.

See Also

Insider Buying and Selling by Quarter for CoreWeave (NASDAQ:CRWV)

Receive News & Ratings for CoreWeave Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreWeave and related companies with MarketBeat.com's FREE daily email newsletter.