CoreWeave (NASDAQ:CRWV) Insider Brian Venturo Sells 375,000 Shares of Stock

by · The Cerbat Gem

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Brian Venturo sold 375,000 shares of CoreWeave stock in a transaction on Monday, May 18th. The shares were sold at an average price of $101.24, for a total value of $37,965,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Stock Performance

Shares of CoreWeave stock opened at $101.28 on Thursday. The firm has a market cap of $45.33 billion, a price-to-earnings ratio of -32.57 and a beta of 7.84. The stock’s 50-day moving average is $99.10 and its 200-day moving average is $90.96. CoreWeave Inc. has a one year low of $63.80 and a one year high of $187.00. 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 (NASDAQ:CRWVGet Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). The firm 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%. The business’s revenue for the quarter was up 110.4% compared to the same quarter last year. Equities analysts predict that CoreWeave Inc. will post -4.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

CRWV has been the topic of a number of analyst reports. Truist Financial increased their price target on CoreWeave from $85.00 to $131.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. HC Wainwright reissued a “buy” rating and issued a $180.00 price objective on shares of CoreWeave in a research report on Monday, March 2nd. Wells Fargo & Company boosted their target price on CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Jefferies Financial Group boosted their target price on CoreWeave from $120.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Oppenheimer lifted their price target on CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Nineteen 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.63.

Check Out Our Latest Stock Report on CoreWeave

Hedge Funds Weigh In On CoreWeave

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

Trending Headlines about CoreWeave

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About CoreWeave

(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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