Chen Goldberg Sells 6,397 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) EVP Chen Goldberg sold 6,397 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $90.00, for a total transaction of $575,730.00. Following the completion of the sale, the executive vice president directly owned 52,974 shares of the company’s stock, valued at $4,767,660. The trade was a 10.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Chen Goldberg also recently made the following trade(s):

• 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 transaction of $1,772,706.32.
• 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 value 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 value of $594,493.89.
• On Wednesday, May 20th, Chen Goldberg sold 14,168 shares of CoreWeave stock. The shares were sold at an average price of $100.34, for a total value of $1,421,617.12.

CoreWeave Stock Up 6.3%

CRWV opened at $90.67 on Friday. CoreWeave Inc. has a one year low of $60.55 and a one year high of $153.20. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The stock’s fifty day moving average is $91.81 and its 200-day moving average is $94.86. The company has a market capitalization of $40.58 billion, a PE ratio of -29.15 and a beta of 7.44.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The firm had revenue of $2.08 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm’s revenue for the quarter was up 111.6% on a year-over-year basis. During the same period last year, the business posted ($0.60) EPS. On average, equities analysts predict that CoreWeave Inc. will post -5.7 EPS for the current fiscal year.

Institutional Investors Weigh In On CoreWeave

A number of large investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC grew its position in CoreWeave by 272.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 251 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of CoreWeave by 45.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after purchasing an additional 121 shares in the last quarter. Greenline Wealth Management LLC purchased a new stake in shares of CoreWeave in the fourth quarter valued at $28,000. Peterson Wealth Services boosted its position in shares of CoreWeave by 153.1% in the first quarter. Peterson Wealth Services now owns 405 shares of the company’s stock worth $31,000 after buying an additional 245 shares during the period. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in shares of CoreWeave in the first quarter worth $31,000.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating and maintained a $250 price target, reinforcing the bullish case for CoreWeave’s AI-cloud growth prospects. Rosenblatt Securities Reaffirms Buy Rating for CoreWeave
• Positive Sentiment: IMC selected CoreWeave for its research investment, providing another indication that the company’s GPU-accelerated cloud infrastructure is attracting institutional and enterprise users. IMC Selects CoreWeave
• Positive Sentiment: Recent bullish coverage highlights strong demand for scarce GPU capacity and argues that CoreWeave’s pullback has improved its valuation and potential risk-reward profile. CoreWeave at $92: The Compelling Bull Case
• Neutral Sentiment: Traders are positioning for a sizable move around CoreWeave’s quarterly earnings release after the closing bell Tuesday, August 11. The report and management’s outlook for demand, capital spending and profitability could determine the next major move. Traders Expect a Move After CoreWeave Earnings
• Neutral Sentiment: Commentary comparing CRWV with IREN and discussing CoreWeave as a neocloud investment may increase investor attention, but does not provide a new company-specific fundamental catalyst. CRWV Versus IREN Neocloud Comparison
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth roughly $28.2 million, while EVP Chen Goldberg sold 25,605 shares worth approximately $2.35 million. The transactions were made under pre-arranged Rule 10b5-1 plans; Goldberg’s sales were specifically to cover tax withholding, which reduces their signaling value but can still pressure sentiment. CoreWeave Insider Selling
• Negative Sentiment: Investors remain concerned about CoreWeave’s substantial leverage, negative earnings and capital-intensive data-center expansion. Its previous quarterly loss exceeded expectations, despite revenue growth of 111.6% year over year, making the upcoming results especially important. Should You Buy CoreWeave Before or After Earnings?

Analysts Set New Price Targets

Several research firms have recently weighed in on CRWV. BTIG Research started coverage on shares of CoreWeave in a research report on Wednesday, July 22nd. They set a “buy” rating for the company. Truist Financial raised CoreWeave from a “hold” rating to a “buy” rating and dropped their price target for the company from $131.00 to $126.00 in a report on Tuesday, July 21st. Robert W. Baird started coverage on CoreWeave in a research report on Tuesday, July 21st. They set an “outperform” rating and a $100.00 price objective for the company. Citigroup reduced their price objective on CoreWeave from $158.00 to $142.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Piper Sandler initiated coverage on CoreWeave in a report on Monday, August 3rd. They issued an “overweight” rating and a $151.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.67.

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.