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

CoreWeave Inc. (NASDAQ:CRWV) insider Brian Venturo sold 76,924 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $101.32, for a total value of $7,793,939.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Trading Down 2.2%

CRWV stock opened at $96.58 on Friday. The business has a fifty day moving average price of $110.42 and a 200 day moving average price of $94.62. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. CoreWeave Inc. has a fifty-two week low of $63.80 and a fifty-two week high of $173.35. The stock has a market capitalization of $43.23 billion, a price-to-earnings ratio of -31.05 and a beta of 7.14.

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

Analyst Ratings Changes

CRWV has been the topic of several research analyst reports. Evercore reissued an “outperform” rating and set a $150.00 price target on shares of CoreWeave in a research note on Wednesday, April 15th. Citigroup increased their price objective on CoreWeave from $155.00 to $158.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Mizuho boosted their target price on CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Needham & Company LLC reiterated a “hold” rating on shares of CoreWeave in a report on Friday, February 27th. Finally, Sanford C. Bernstein reissued an “underperform” rating on shares of CoreWeave in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, CoreWeave has an average rating of “Moderate Buy” and a consensus target price of $135.00.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy rating and a $250 price target, reinforcing the bullish view that CoreWeave could benefit from rising demand for AI infrastructure. Read More
• Positive Sentiment: BNP Paribas and other reports highlighted CoreWeave as a key beneficiary of the next AI chip cycle, while Cantor Fitzgerald reiterated an Overweight rating and a $167 target. Article Title
• Positive Sentiment: CoreWeave announced a partnership with Conapto to expand AI cloud capacity in Sweden, which supports the company’s growth narrative and international expansion. Article Title
• Neutral Sentiment: Several articles argue CoreWeave is one of the stocks that could double over the next two years, reflecting strong long-term enthusiasm but no new hard financial data. Article Title
• Negative Sentiment: CEO Michael Intrator sold shares under a pre-arranged trading plan, and insider Brannin McBee also sold stock. Even though the sales were planned, insider selling can still weigh on sentiment. SEC Filing

Institutional Investors Weigh In On CoreWeave

A number of institutional investors have recently made changes to their positions in CRWV. Sivia Capital Partners LLC acquired a new position in CoreWeave in the second quarter valued at about $39,824,000. Quantbot Technologies LP bought 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 approximately $882,000. First Trust Advisors LP bought a new position in CoreWeave during the 2nd quarter worth approximately $20,260,000. Finally, Baird Financial Group Inc. bought a new position in CoreWeave during the 2nd quarter worth approximately $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.