Insider Selling: CoreWeave (NASDAQ:CRWV) SVP Sells $1,247,454.60 in Stock

CoreWeave Inc. (NASDAQ:CRWV) SVP Chen Goldberg sold 13,740 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $90.79, for a total value of $1,247,454.60. Following the completion of the transaction, the senior vice president owned 23,344 shares of the company’s stock, valued at $2,119,401.76. This represents a 37.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, November 5th, Chen Goldberg sold 19,180 shares of CoreWeave stock. The stock was sold at an average price of $118.30, for a total transaction of $2,268,994.00.
• On Tuesday, September 2nd, Chen Goldberg sold 56,294 shares of CoreWeave stock. The shares were sold at an average price of $93.17, for a total transaction of $5,244,911.98.

CoreWeave Stock Down 1.3%

CoreWeave stock opened at $77.36 on Friday. The company has a 50 day moving average of $122.82 and a 200-day moving average of $119.09. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month high of $187.00. The stock has a market capitalization of $37.80 billion and a PE ratio of -67.86.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.22) EPS 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 company’s revenue was up 133.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.82) earnings per share. CoreWeave has set its FY 2025 guidance at EPS.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CRWV shares. Raymond James Financial assumed coverage on CoreWeave in a research report on Monday, September 15th. They set an “outperform” rating and a $130.00 price objective for the company. Mizuho cut their target price on CoreWeave from $150.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday. JMP Securities raised CoreWeave from a “market perform” rating to a “market outperform” rating and set a $180.00 price target for the company in a research report on Tuesday, September 16th. Melius Research set a $140.00 price objective on shares of CoreWeave in a report on Tuesday. Finally, Arete Research raised shares of CoreWeave from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, CoreWeave has a consensus rating of “Moderate Buy” and a consensus price target of $128.62.

Institutional Investors Weigh In On CoreWeave

A number of institutional investors and hedge funds have recently made changes to their positions in CRWV. Family Legacy Financial Solutions LLC increased its holdings in CoreWeave by 166.7% during the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock worth $27,000 after buying an additional 125 shares during the last quarter. HighMark Wealth Management LLC acquired a new stake in CoreWeave in the third quarter valued at $27,000. OLD Second National Bank of Aurora bought a new position in shares of CoreWeave in the 3rd quarter valued at about $27,000. Princeton Global Asset Management LLC acquired a new position in shares of CoreWeave during the 3rd quarter worth about $28,000. Finally, Aspect Partners LLC bought a new stake in shares of CoreWeave in the 3rd quarter valued at about $28,000.

About CoreWeave

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.