CoreWeave (NASDAQ:CRWV) EVP Chen Goldberg Sells 14,168 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) EVP Chen Goldberg sold 14,168 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $100.34, for a total value of $1,421,617.12. Following the completion of the transaction, the executive vice president directly owned 64,909 shares of the company’s stock, valued at approximately $6,512,969.06. This represents a 17.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 Tuesday, May 5th, Chen Goldberg sold 19,222 shares of CoreWeave stock. The shares were sold at an average price of $125.00, for a total value of $2,402,750.00.
  • 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 stock was sold at an average price of $74.05, for a total value of $1,184.80.

CoreWeave Trading Down 1.9%

NASDAQ:CRWV opened at $105.49 on Friday. The company has a market cap of $47.21 billion, a P/E ratio of -33.92 and a beta of 7.84. The stock’s fifty day moving average price is $100.22 and its two-hundred day moving average price is $90.88. CoreWeave Inc. has a 1 year low of $63.80 and a 1 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 posted its earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.28). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The company had revenue of $1.57 billion for the quarter. The company’s quarterly revenue was up 110.4% on a year-over-year basis. As a group, analysts expect that CoreWeave Inc. will post -4.58 EPS for the current year.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. HC Wainwright reissued a “buy” rating and issued a $180.00 target price on shares of CoreWeave in a research note on Monday, March 2nd. Macquarie Infrastructure reissued a “neutral” rating and issued a $115.00 target price on shares of CoreWeave in a research note on Tuesday, January 27th. Mizuho raised their target price on CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Sanford C. Bernstein raised their price objective on shares of CoreWeave from $56.00 to $67.00 and gave the stock an “underperform” rating in a report on Tuesday, April 14th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of CoreWeave in a report on Monday, May 4th. Nineteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, CoreWeave presently has a consensus rating of “Moderate Buy” and an average price target of $129.63.

View Our Latest Stock Analysis on CoreWeave

Institutional Investors Weigh In On CoreWeave

Hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC raised its stake in CoreWeave by 272.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 251 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of CoreWeave during the 3rd quarter valued at about $27,000. Aspect Partners LLC bought a new position in shares of CoreWeave during the 3rd quarter valued at about $28,000. Cullen Frost Bankers Inc. boosted its holdings in shares of CoreWeave by 45.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after purchasing an additional 121 shares during the last quarter. Finally, Greenline Wealth Management LLC bought a new position in shares of CoreWeave during the 4th quarter valued at about $28,000.

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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Insider Buying and Selling by Quarter for CoreWeave (NASDAQ:CRWV)

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