Chen Goldberg Sells 5,541 Shares of CoreWeave (NASDAQ:CRWV) Stock

by · The Cerbat Gem

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) EVP Chen Goldberg sold 5,541 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $107.29, for a total transaction of $594,493.89. Following the completion of the sale, the executive vice president owned 59,368 shares in the company, valued at $6,369,592.72. This represents a 8.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Wednesday, May 20th, Chen Goldberg sold 14,168 shares of CoreWeave stock. The stock was sold at an average price of $100.34, for a total transaction of $1,421,617.12.
  • On Tuesday, May 5th, Chen Goldberg sold 19,222 shares of CoreWeave stock. The shares were sold at an average price of $125.00, for a total transaction of $2,402,750.00.
  • On Monday, April 27th, Chen Goldberg sold 4,879 shares of CoreWeave stock. The shares were sold at an average price of $109.00, for a total value of $531,811.00.
  • On Wednesday, April 8th, Chen Goldberg sold 9,757 shares of CoreWeave stock. The stock was sold at an average price of $92.00, for a total value of $897,644.00.
  • On Tuesday, March 31st, Chen Goldberg sold 16 shares of CoreWeave stock. The stock was sold at an average price of $74.05, for a total value of $1,184.80.

CoreWeave Stock Down 1.6%

CRWV traded down $1.82 during trading hours on Wednesday, hitting $115.21. 26,176,775 shares of the stock were exchanged, compared to its average volume of 27,073,012. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. CoreWeave Inc. has a 12 month low of $63.80 and a 12 month high of $187.00. The stock has a 50-day simple moving average of $109.72 and a 200-day simple moving average of $93.38.

CoreWeave (NASDAQ:CRWVGet Free Report) last posted its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The company 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 business’s revenue was up 111.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.60) EPS. Sell-side analysts anticipate that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in CoreWeave by 275.6% during the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after acquiring an additional 20,487,478 shares during the period. Proficio Capital Partners LLC boosted its position in shares of CoreWeave by 446,194.0% in the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after purchasing an additional 17,847,760 shares during the period. Bank of America Corp DE boosted its position in shares of CoreWeave by 13.1% in the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock valued at $437,870,000 after purchasing an additional 653,398 shares during the period. Clear Street Group Inc. boosted its position in shares of CoreWeave by 57.2% in the 4th quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock valued at $333,260,000 after purchasing an additional 1,692,916 shares during the period. Finally, Alyeska Investment Group L.P. boosted its position in shares of CoreWeave by 300.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after purchasing an additional 3,000,000 shares during the period.

Analyst Upgrades and Downgrades

CRWV has been the topic of a number of research analyst reports. BNP Paribas Exane initiated coverage on CoreWeave in a report on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 price target on the stock. Evercore reissued an “outperform” rating and set a $150.00 price target on shares of CoreWeave in a report on Wednesday, April 15th. Citigroup raised their price target on CoreWeave from $155.00 to $158.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Mizuho lifted their target price on CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Barclays lifted their target price on CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, CoreWeave presently has a consensus rating of “Moderate Buy” and an average price target of $131.52.

Get Our Latest Stock Analysis on CoreWeave

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.

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