CoreWeave Inc. (NASDAQ:CRWV – Get Free Report) EVP Chen Goldberg sold 19,222 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $125.00, for a total value of $2,402,750.00. Following the transaction, the executive vice president owned 62,345 shares of the company’s stock, valued at $7,793,125. This trade represents a 23.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Chen Goldberg also recently made the following trade(s):
- 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 shares were 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 shares were sold at an average price of $74.05, for a total value of $1,184.80.
- On Friday, February 20th, Chen Goldberg sold 18,950 shares of CoreWeave stock. The shares were sold at an average price of $90.84, for a total value of $1,721,418.00.
CoreWeave Stock Down 11.4%
Shares of NASDAQ:CRWV opened at $114.15 on Friday. CoreWeave Inc. has a 1 year low of $50.18 and a 1 year high of $187.00. The business has a 50 day simple moving average of $94.19 and a two-hundred day simple moving average of $92.34. The firm has a market capitalization of $50.57 billion, a PE ratio of -36.70 and a beta of 7.84. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.46 and a quick ratio of 0.46.
Analyst Upgrades and Downgrades
CRWV has been the subject of a number of research reports. Needham & Company LLC reiterated a “hold” rating on shares of CoreWeave in a report on Friday, February 27th. The Goldman Sachs Group initiated coverage on CoreWeave in a report on Monday, January 12th. They issued a “neutral” rating and a $86.00 price target for the company. HC Wainwright reiterated a “buy” rating and issued a $180.00 price target on shares of CoreWeave in a report on Monday, March 2nd. Oppenheimer boosted their price target on CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of CoreWeave in a report on Monday, May 4th. Twenty investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.09.
Check Out Our Latest Analysis on CoreWeave
Hedge Funds Weigh In On CoreWeave
A number of large investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its stake in CoreWeave by 4.0% in the first quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock worth $181,000 after buying an additional 91 shares in the last quarter. Azzad Asset Management Inc. ADV raised its stake in CoreWeave by 2.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock worth $389,000 after buying an additional 104 shares in the last quarter. Hazlett Burt & Watson Inc. raised its stake in CoreWeave by 34.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock worth $33,000 after buying an additional 119 shares in the last quarter. Chilton Capital Management LLC raised its stake in CoreWeave by 50.2% in the third quarter. Chilton Capital Management LLC now owns 362 shares of the company’s stock worth $50,000 after buying an additional 121 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in CoreWeave by 45.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after buying an additional 121 shares in the last quarter.
CoreWeave News Roundup
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave said bookings hit the strongest level in company history and backlog remains very large, reinforcing that demand for AI infrastructure is still extremely strong. CoreWeave Reports ‘Strongest’ Bookings
- Positive Sentiment: Analysts and commentators remain constructive on the long-term AI growth story, with some saying the pullback may create an attractive entry point despite near-term volatility. Seeking Alpha rating upgrade
- Neutral Sentiment: The company also highlighted product momentum, including expanded SUNK capabilities and SUNK Anywhere, which could support customer adoption over time. CoreWeave expands SUNK capabilities
- Neutral Sentiment: JPMorgan and Mizuho raised price targets but kept neutral ratings, suggesting Wall Street sees value but is still cautious on the stock’s near-term execution risk. Analyst target updates
- Negative Sentiment: CoreWeave reported a larger quarterly loss than expected as operating expenses climbed, fueling concerns that profitability remains distant even with rapid revenue growth. WSJ on widened Q1 loss
- Negative Sentiment: Second-quarter revenue guidance came in below consensus, and the company also lifted its capital spending outlook, creating concern about slower conversion of demand into revenue and continued heavy investment. CoreWeave forecast miss and higher capex
- Negative Sentiment: Recent insider and major shareholder selling, including sales by CEO Michael Intrator, Brian Venturo, Chen Goldberg, and Magnetar Financial, is adding short-term pressure on sentiment. CEO Form 4 filing
About CoreWeave
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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