CoreWeave (NASDAQ:CRWV) Director Jack Cogen Sells 271,153 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) Director Jack Cogen sold 271,153 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $106.97, for a total value of $29,005,236.41. Following the completion of the transaction, the director directly owned 8,769,676 shares of the company’s stock, valued at $938,092,241.72. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

CoreWeave Price Performance

CoreWeave stock opened at $119.27 on Wednesday. CoreWeave Inc. has a one year low of $63.80 and a one year high of $187.00. The business has a fifty day moving average price of $103.51 and a 200-day moving average price of $90.78. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $53.38 billion, a P/E ratio of -38.35 and a beta of 7.14.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The company had revenue of $2.08 billion during the quarter. During the same period in the prior year, the firm earned ($0.60) earnings per share. CoreWeave’s revenue for the quarter was up 111.6% on a year-over-year basis. As a group, equities research analysts forecast that CoreWeave Inc. will post -4.57 EPS for the current year.

Institutional Investors Weigh In On CoreWeave

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in CoreWeave by 275.6% during the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after purchasing an additional 20,487,478 shares in the last quarter. Proficio Capital Partners LLC raised its position in CoreWeave by 446,194.0% during the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after purchasing an additional 17,847,760 shares in the last quarter. Bank of America Corp DE raised its position in CoreWeave by 13.1% during the first quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock valued at $437,870,000 after purchasing an additional 653,398 shares in the last quarter. Clear Street Group Inc. raised its position in CoreWeave by 57.2% during the fourth quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock valued at $333,260,000 after purchasing an additional 1,692,916 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its position in CoreWeave by 300.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after purchasing an additional 3,000,000 shares in the last quarter.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: BNP Paribas started coverage with bullish views, adding analyst support and helping reinforce the market’s positive stance on CoreWeave’s growth prospects. CoreWeave rises after BNP Paribas starts coverage with bullish views
• Positive Sentiment: CoreWeave announced it is the first AI cloud provider to bring up and fully validate NVIDIA’s Vera Rubin NVL72 system, a milestone that strengthens its AI infrastructure credibility and may help win more enterprise workloads. CoreWeave Completes Industry-First Bring-Up and Validation of NVIDIA Vera Rubin NVL72
• Positive Sentiment: Continued AI sector momentum and heavy call-option buying suggest traders are positioning for more upside in CRWV. CoreWeave Stock Continues To Climb: What’s Driving The Momentum?
• Neutral Sentiment: Some commentary says CoreWeave still screens as a “wait-and-see” setup over the next 12 months, with valuation around a reference value near $138.56, suggesting upside may depend on execution rather than current hype. Buy, Hold, or Sell: Is CoreWeave a Multibagger in the Making, or an AI Infrastructure Debt Trap?
• Negative Sentiment: Recent insider selling by the COO, CFO, and another executive may temper enthusiasm somewhat, even if the amounts were not large enough on their own to drive the stock. CoreWeave (NASDAQ:CRWV) CFO Sells $562,752.36 in Stock

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CRWV. Needham & Company LLC reaffirmed a “hold” rating on shares of CoreWeave in a report on Friday, February 27th. Cantor Fitzgerald increased their price objective on CoreWeave from $156.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. DA Davidson reiterated a “neutral” rating and issued a $100.00 price objective (down from $175.00) on shares of CoreWeave in a research report on Monday, May 18th. Truist Financial increased their price objective on CoreWeave from $85.00 to $131.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. Finally, Citigroup increased their price objective on CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Twenty investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.52.

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.