CoreWeave (NASDAQ:CRWV) COO Sachin Jain Sells 3,798 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) COO Sachin Jain sold 3,798 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $120.00, for a total transaction of $455,760.00. Following the completion of the sale, the chief operating officer directly owned 127,629 shares in the company, valued at $15,315,480. This represents a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sachin Jain also recently made the following trade(s):

• On Thursday, May 28th, Sachin Jain sold 898 shares of CoreWeave stock. The shares were sold at an average price of $110.00, for a total transaction of $98,780.00.
• On Wednesday, May 20th, Sachin Jain sold 6,377 shares of CoreWeave stock. The shares were sold at an average price of $99.82, for a total transaction of $636,552.14.
• On Friday, May 8th, Sachin Jain sold 14,750 shares of CoreWeave stock. The shares were sold at an average price of $118.61, for a total transaction of $1,749,497.50.
• On Wednesday, May 6th, Sachin Jain sold 7,335 shares of CoreWeave stock. The shares were sold at an average price of $131.13, for a total value of $961,838.55.
• On Wednesday, April 15th, Sachin Jain sold 3,953 shares of CoreWeave stock. The shares were sold at an average price of $120.00, for a total value of $474,360.00.
• On Friday, April 10th, Sachin Jain sold 7,335 shares of CoreWeave stock. The shares were sold at an average price of $105.00, for a total value of $770,175.00.
• On Wednesday, April 8th, Sachin Jain sold 3,953 shares of CoreWeave stock. The shares were sold at an average price of $92.00, for a total value of $363,676.00.

CoreWeave Trading Down 7.0%

Shares of NASDAQ CRWV opened at $110.93 on Thursday. The stock’s 50 day moving average price is $104.84 and its two-hundred day moving average price is $91.25. CoreWeave Inc. has a 52-week low of $63.80 and a 52-week high of $187.00. The stock has a market capitalization of $49.65 billion, a P/E ratio of -35.67 and a beta of 7.14. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.17) by ($0.23). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm had revenue of $2.08 billion for the quarter. During the same quarter in the prior year, the firm earned ($0.60) EPS. The firm’s quarterly revenue was up 111.6% compared to the same quarter last year. On average, analysts anticipate that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CRWV shares. BNP Paribas Exane started coverage on shares of CoreWeave in a report on Tuesday. They set an “outperform” rating and a $192.00 target price on the stock. Bank of America raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Tuesday, March 24th. JPMorgan Chase & Co. increased their target price on shares of CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Wolfe Research began coverage on CoreWeave in a research report on Thursday, April 16th. They set an “outperform” rating and a $150.00 price target on the stock. Finally, HC Wainwright reiterated a “buy” rating and set a $180.00 price target on shares of CoreWeave in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.52.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: BNP Paribas initiated coverage on CoreWeave with an Outperform rating and a $192 target, adding fresh bullish Wall Street support. BNP Paribas Initiates Coverage on CoreWeave. That Means CRWV Stock Could Soar 71% from Here.
• Positive Sentiment: CoreWeave’s first-to-market validation of NVIDIA’s Vera Rubin NVL72 system reinforces its AI infrastructure leadership and could attract more enterprise demand. Why CoreWeave (CRWV) Is Up 18.3% After First NVIDIA Vera Rubin NVL72 Cloud Deployment
• Positive Sentiment: Analyst upgrades, AI-sector strength, and unusually high options volume point to strong trading momentum in CRWV. CoreWeave Sees Unusually High Options Volume (NASDAQ:CRWV)
• Neutral Sentiment: Some market commentary still views CoreWeave as a valuation-dependent story, suggesting investors want more proof of execution before assigning much higher value. Buy, Hold, or Sell: Is CoreWeave a Multibagger in the Making, or an AI Infrastructure Debt Trap?
• Negative Sentiment: Recent insider selling by a director, COO, and major shareholder may slightly pressure sentiment, even though the transactions were disclosed and not necessarily a signal of near-term weakness. Jack D. Cogen Sells 271,153 Shares of CoreWeave

Institutional Trading of CoreWeave

Several large investors have recently added to or reduced their stakes in CRWV. Sivia Capital Partners LLC bought a new position in CoreWeave in the 2nd quarter valued at about $39,824,000. Quantbot Technologies LP bought a new position in CoreWeave in the 2nd quarter valued at about $311,000. Invesco Ltd. bought a new position in CoreWeave in the 2nd quarter valued at about $882,000. First Trust Advisors LP bought a new position in CoreWeave in the 2nd quarter valued at about $20,260,000. Finally, Baird Financial Group Inc. bought a new position in CoreWeave in the 2nd quarter valued at about $455,000.

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.