Brian Venturo Sells 281,250 Shares of CoreWeave (NASDAQ:CRWV) Stock

by · The Cerbat Gem

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Brian Venturo sold 281,250 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $91.77, for a total transaction of $25,810,312.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

CoreWeave Price Performance

CRWV traded up $1.19 during trading on Friday, hitting $92.98. The company’s stock had a trading volume of 20,291,795 shares, compared to its average volume of 27,233,227. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $35.93 billion and a price-to-earnings ratio of -64.12. The business’s fifty day simple moving average is $80.21 and its 200 day simple moving average is $105.76. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month high of $187.00.

CoreWeave (NASDAQ:CRWVGet Free Report) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.14. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. The business’s revenue was up 133.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.82) earnings per share.

Wall Street Analyst Weigh In

CRWV has been the topic of a number of research reports. Evercore ISI decreased their target price on shares of CoreWeave from $175.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. Roth Mkm assumed coverage on CoreWeave in a research report on Thursday, December 4th. They set a “buy” rating and a $110.00 price objective for the company. UBS Group restated a “neutral” rating on shares of CoreWeave in a research note on Friday, January 16th. Morgan Stanley lifted their price objective on shares of CoreWeave from $91.00 to $99.00 and gave the company an “equal weight” rating in a report on Tuesday, November 11th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $174.00 price target on shares of CoreWeave in a report on Wednesday, November 5th. Sixteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, CoreWeave currently has an average rating of “Hold” and an average target price of $122.43.

Read Our Latest Research Report on CRWV

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

Institutional Investors Weigh In On CoreWeave

Institutional investors have recently added to or reduced their stakes in the business. Costello Asset Management INC lifted its stake in shares of CoreWeave by 33.3% during the second quarter. Costello Asset Management INC now owns 400 shares of the company’s stock valued at $65,000 after buying an additional 100 shares during the period. Chilton Capital Management LLC raised its holdings in CoreWeave by 50.2% in the 3rd quarter. Chilton Capital Management LLC now owns 362 shares of the company’s stock valued at $50,000 after acquiring an additional 121 shares during the last quarter. Family Legacy Financial Solutions LLC lifted its stake in shares of CoreWeave by 166.7% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock worth $27,000 after purchasing an additional 125 shares during the period. CoreCap Advisors LLC boosted its holdings in shares of CoreWeave by 29.6% during the third quarter. CoreCap Advisors LLC now owns 644 shares of the company’s stock worth $88,000 after purchasing an additional 147 shares during the last quarter. Finally, Pittenger & Anderson Inc. boosted its holdings in shares of CoreWeave by 36.0% during the third quarter. Pittenger & Anderson Inc. now owns 680 shares of the company’s stock worth $93,000 after purchasing an additional 180 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.

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