Insider Selling: CoreWeave (NASDAQ:CRWV) EVP Sells $2,150,685.84 in Stock

CoreWeave Inc. (NASDAQ:CRWV) EVP Chen Goldberg sold 22,424 shares of CoreWeave stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $95.91, for a total value of $2,150,685.84. Following the completion of the sale, the executive vice president directly owned 50,550 shares in the company, valued at $4,848,250.50. This represents a 30.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 Thursday, August 20th, Chen Goldberg sold 8,628 shares of CoreWeave stock. The stock was sold at an average price of $91.88, for a total value of $792,740.64.
• On Monday, August 17th, Chen Goldberg sold 6,397 shares of CoreWeave stock. The stock was sold at an average price of $106.11, for a total value of $678,785.67.
• On Wednesday, August 5th, Chen Goldberg sold 19,208 shares of CoreWeave stock. The shares were sold at an average price of $92.29, for a total value of $1,772,706.32.
• On Tuesday, August 4th, Chen Goldberg sold 6,397 shares of CoreWeave stock. The shares were sold at an average price of $90.00, for a total value of $575,730.00.
• On Tuesday, June 30th, Chen Goldberg sold 4 shares of CoreWeave stock. The shares were sold at an average price of $95.69, for a total value of $382.76.
• On Monday, June 15th, Chen Goldberg sold 5,541 shares of CoreWeave stock. The stock was sold at an average price of $107.29, for a total value of $594,493.89.

CoreWeave Trading Down 0.1%

NASDAQ:CRWV opened at $88.99 on Friday. The stock has a fifty day moving average price of $85.69 and a two-hundred day moving average price of $94.35. The stock has a market capitalization of $40.83 billion, a price-to-earnings ratio of -24.38 and a beta of 7.45. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. CoreWeave Inc. has a 1 year low of $60.55 and a 1 year high of $153.20.

CoreWeave (NASDAQ:CRWV) last issued its earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, topping the consensus estimate of ($1.52) by $0.38. The company had revenue of $2.58 billion for the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. CoreWeave’s revenue for the quarter was up 112.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.27) earnings per share. As a group, sell-side analysts anticipate that CoreWeave Inc. will post -5.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CoreWeave

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc grew its stake in CoreWeave by 8,455.6% in the 4th quarter. Legal & General Group Plc now owns 611,301 shares of the company’s stock worth $43,775,000 after acquiring an additional 604,156 shares during the period. Public Employees Retirement System of Ohio acquired a new position in CoreWeave in the 2nd quarter valued at $15,543,000. California State Teachers Retirement System lifted its stake in shares of CoreWeave by 25.5% during the 1st quarter. California State Teachers Retirement System now owns 320,011 shares of the company’s stock worth $24,791,000 after purchasing an additional 64,960 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of CoreWeave by 12.6% during the 1st quarter. Bank of New York Mellon Corp now owns 353,702 shares of the company’s stock worth $27,401,000 after purchasing an additional 39,599 shares during the period. Finally, Ardmore Road Asset Management LP boosted its holdings in shares of CoreWeave by 3,410.0% during the first quarter. Ardmore Road Asset Management LP now owns 351,000 shares of the company’s stock worth $27,192,000 after purchasing an additional 341,000 shares during the last quarter.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s backlog continues to expand, strengthening the long-term revenue outlook and attracting additional investor support. The company is benefiting from sustained demand for GPU cloud capacity as hyperscalers and AI developers increase spending. CoreWeave’s backlog keeps growing
• Positive Sentiment: CoreWeave launched Physical AI Field Engineering, using expertise acquired from Monolith AI to help industrial customers build, validate and deploy AI across research, engineering and field operations. The initiative could diversify revenue beyond basic GPU infrastructure and increase customer value. CoreWeave Launches Physical AI Field Engineering
• Positive Sentiment: Oracle’s reported $664 billion cloud backlog and strong AI spending outlook helped lift sentiment across the AI cloud sector, including CoreWeave and other GPU infrastructure providers. Oracle AI cloud backlog lifts CoreWeave
• Positive Sentiment: Leopold Aschenbrenner’s Situational Awareness reportedly purchased options linked to CRWV, potentially signaling bullish interest and adding speculative support to the shares. Situational Awareness active in options market
• Neutral Sentiment: Michael Burry reportedly reduced bearish positions tied to CoreWeave and NVIDIA, removing a prominent source of negative sentiment, although the transaction does not change CoreWeave’s fundamentals. Michael Burry reduces bearish bets
• Negative Sentiment: Several insiders, including CEO Michael Intrator, EVP Chen Goldberg and Kristen McVeety, sold substantial amounts of stock under pre-arranged Rule 10b5-1 plans. The planned nature reduces the signal’s significance, but the combined selling can weigh on investor sentiment. CoreWeave insider stock sales
• Negative Sentiment: CoreWeave remains financially risky: it is unprofitable, carries a debt-to-equity ratio of 5.53 and has a current ratio of 0.46. Rising interest rates or slower customer spending could make its capital-intensive GPU expansion harder to fund. Risks facing neocloud companies

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CRWV. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of CoreWeave in a research report on Wednesday, August 12th. Cantor Fitzgerald set a $176.00 price target on CoreWeave and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. BTIG Research began coverage on CoreWeave in a report on Wednesday, July 22nd. They issued a “buy” rating on the stock. The Goldman Sachs Group raised their price objective on CoreWeave from $121.00 to $139.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. Finally, Truist Financial lifted their price objective on CoreWeave from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Twenty-one analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, CoreWeave presently has an average rating of “Moderate Buy” and an average target price of $141.90.

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning, high-performance computing and other data-intensive workloads. The company provides access to accelerated computing resources, particularly graphics processing units (GPUs), through a cloud platform designed for large-scale training, inference, rendering and scientific computing.

Its offerings include on-demand and reserved GPU instances, cloud storage, high-speed networking, Kubernetes-based container orchestration and managed services for deploying and scaling workloads.