Chen Goldberg Sells 6,397 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) EVP Chen Goldberg sold 6,397 shares of CoreWeave stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $90.00, for a total value of $575,730.00. Following the sale, the executive vice president directly owned 52,974 shares in the company, valued at approximately $4,767,660. This trade represents a 10.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Wednesday, August 5th, Chen Goldberg sold 19,208 shares of CoreWeave stock. The stock was sold at an average price of $92.29, for a total transaction of $1,772,706.32.
• 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 transaction of $382.76.
• On Monday, June 15th, Chen Goldberg sold 5,541 shares of CoreWeave stock. The shares were sold at an average price of $107.29, for a total transaction of $594,493.89.
• On Wednesday, May 20th, Chen Goldberg sold 14,168 shares of CoreWeave stock. The shares were sold at an average price of $100.34, for a total transaction of $1,421,617.12.

CoreWeave Stock Down 5.1%

NASDAQ CRWV traded down $4.56 on Thursday, reaching $85.33. The company’s stock had a trading volume of 16,543,329 shares, compared to its average volume of 26,826,700. CoreWeave Inc. has a 52 week low of $60.55 and a 52 week high of $153.20. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The business has a 50-day moving average price of $92.19 and a 200 day moving average price of $94.89.

CoreWeave (NASDAQ:CRWV) last announced 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 business had revenue of $2.08 billion for the quarter. During the same period last year, the company posted ($0.60) EPS. The firm’s revenue for the quarter was up 111.6% on a year-over-year basis. Sell-side analysts expect that CoreWeave Inc. will post -5.7 EPS for the current year.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced a multi-year agreement with Solidigm for priority access to enterprise SSD capacity. The deal could help the company scale storage alongside its AI cloud platform and reduce supply-chain constraints. CoreWeave Signs Multi-Year Agreement With Solidigm to Strengthen Its Integrated AI Cloud Platform
• Positive Sentiment: The company’s planned entry into Indonesia includes three AI data centers with 360 megawatts of contracted IT power, giving CoreWeave its first physical presence in the Asia-Pacific region and potentially expanding access to Southeast Asian AI customers. CoreWeave Enters Indonesia With Three New AI Data Centers
• Positive Sentiment: Bullish coverage argues that the recent pullback has improved CoreWeave’s risk-reward profile. The stock trades well below its 52-week high, while the cited analyst consensus target of $138.03 implies substantial upside; Rosenblatt Securities separately reaffirmed a Buy rating with a $250 target. CoreWeave at $92: The Compelling Bull Case On Offer Right Now
• Neutral Sentiment: Investors are focused on CoreWeave’s August 11 earnings release. Recent commentary highlights strong GPU and AI-cloud demand, but the company’s outlook and spending plans will likely determine whether that momentum can offset profitability concerns. Dear CoreWeave Stock Fans, Mark Your Calendars for August 11
• Negative Sentiment: Director Brannin Mcbee disclosed multiple sales totaling approximately 250,000 shares and more than $20 million under a pre-arranged Rule 10b5-1 plan. Although scheduled sales do not necessarily signal a change in business expectations, the sizable reduction in his holdings can weigh on sentiment. SEC Insider Trading Filing
• Negative Sentiment: CoreWeave remains a high-risk, capital-intensive growth stock. Its reported negative earnings, debt-to-equity ratio of 3.68, low liquidity ratios, and substantial data-center spending leave investors sensitive to financing costs, execution risks, and any signs that AI demand is not converting into improving profitability. CoreWeave Earnings Report

Hedge Funds Weigh In On CoreWeave

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of CoreWeave by 275.6% in the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after purchasing an additional 20,487,478 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of CoreWeave by 6,022.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock valued at $8,075,000 after buying an additional 110,926 shares during the last quarter. Legal & General Group Plc grew its holdings in CoreWeave by 8,455.6% during the fourth quarter. Legal & General Group Plc now owns 611,301 shares of the company’s stock worth $43,775,000 after buying an additional 604,156 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in CoreWeave by 67.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock worth $4,794,000 after buying an additional 26,907 shares in the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd purchased a new stake in CoreWeave in the 4th quarter valued at $15,539,000.

Analyst Upgrades and Downgrades

CRWV has been the subject of a number of analyst reports. Barclays cut their price objective on CoreWeave from $120.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, July 21st. Wells Fargo & Company boosted their price target on shares of CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Truist Financial raised shares of CoreWeave from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $131.00 to $126.00 in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $135.00 target price on shares of CoreWeave in a research note on Friday, May 8th. Finally, Evercore reissued an “outperform” rating and issued a $150.00 target price on shares of CoreWeave in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.21.

CoreWeave Company Profile

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.