Chen Goldberg Sells 22,424 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) EVP Chen Goldberg sold 22,424 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $95.91, for a total transaction of $2,150,685.84. Following the sale, the executive vice president directly owned 50,550 shares in the company, valued at $4,848,250.50. This trade represents a 30.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chen Goldberg also recently made the following trade(s):

• On Thursday, August 20th, Chen Goldberg sold 8,628 shares of CoreWeave stock. The shares were sold at an average price of $91.88, for a total transaction of $792,740.64.
• On Monday, August 17th, Chen Goldberg sold 6,397 shares of CoreWeave stock. The shares were sold at an average price of $106.11, for a total transaction of $678,785.67.
• 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, August 4th, Chen Goldberg sold 6,397 shares of CoreWeave stock. The stock was sold at an average price of $90.00, for a total transaction of $575,730.00.
• 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 value 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 value of $594,493.89.

CoreWeave Price Performance

Shares of CoreWeave stock opened at $88.99 on Friday. The firm has a market cap of $40.83 billion, a PE ratio of -24.38 and a beta of 7.45. CoreWeave Inc. has a twelve month low of $60.55 and a twelve month high of $153.20. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53. The business has a 50-day moving average price of $85.69 and a 200 day moving average price of $94.35.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.52) by $0.38. The company had revenue of $2.58 billion for the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%.The business’s revenue for the quarter was up 112.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.27) EPS. Sell-side analysts predict that CoreWeave Inc. will post -5.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pin Oak Investment Advisors Inc. purchased a new stake in shares of CoreWeave during the third quarter worth $34,000. Essential Partners LLC purchased a new position in shares of CoreWeave in the second quarter worth about $30,000. Burnham & Co LLC purchased a new position in shares of CoreWeave in the second quarter worth about $32,000. Cullen Frost Bankers Inc. boosted its position in CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after acquiring an additional 121 shares during the last quarter. Finally, Greenline Wealth Management LLC acquired a new position in CoreWeave during the fourth quarter worth about $28,000.

Analysts Set New Price Targets

Several equities research analysts recently commented on CRWV shares. Wolfe Research reissued an “outperform” rating on shares of CoreWeave in a report on Monday, July 6th. The Goldman Sachs Group increased their price objective on shares of CoreWeave from $121.00 to $139.00 and gave the company a “neutral” rating in a report on Friday, August 21st. JPMorgan Chase & Co. lifted their target price on shares of CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. UBS Group restated an “underperform” rating on shares of CoreWeave in a research report on Wednesday, August 12th. Finally, Weiss Ratings raised shares of CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 24th. Twenty-one investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $141.90.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s backlog continues to expand, strengthening the long-term revenue outlook and attracting additional investor support. The company is benefiting from sustained demand for GPU cloud capacity as hyperscalers and AI developers increase spending. CoreWeave’s backlog keeps growing
• Positive Sentiment: CoreWeave launched Physical AI Field Engineering, using expertise acquired from Monolith AI to help industrial customers build, validate and deploy AI across research, engineering and field operations. The initiative could diversify revenue beyond basic GPU infrastructure and increase customer value. CoreWeave Launches Physical AI Field Engineering
• Positive Sentiment: Oracle’s reported $664 billion cloud backlog and strong AI spending outlook helped lift sentiment across the AI cloud sector, including CoreWeave and other GPU infrastructure providers. Oracle AI cloud backlog lifts CoreWeave
• Positive Sentiment: Leopold Aschenbrenner’s Situational Awareness reportedly purchased options linked to CRWV, potentially signaling bullish interest and adding speculative support to the shares. Situational Awareness active in options market
• Neutral Sentiment: Michael Burry reportedly reduced bearish positions tied to CoreWeave and NVIDIA, removing a prominent source of negative sentiment, although the transaction does not change CoreWeave’s fundamentals. Michael Burry reduces bearish bets
• Negative Sentiment: Several insiders, including CEO Michael Intrator, EVP Chen Goldberg and Kristen McVeety, sold substantial amounts of stock under pre-arranged Rule 10b5-1 plans. The planned nature reduces the signal’s significance, but the combined selling can weigh on investor sentiment. CoreWeave insider stock sales
• Negative Sentiment: CoreWeave remains financially risky: it is unprofitable, carries a debt-to-equity ratio of 5.53 and has a current ratio of 0.46. Rising interest rates or slower customer spending could make its capital-intensive GPU expansion harder to fund. Risks facing neocloud companies

About CoreWeave

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning, high-performance computing and other data-intensive workloads. The company provides access to accelerated computing resources, particularly graphics processing units (GPUs), through a cloud platform designed for large-scale training, inference, rendering and scientific computing.

Its offerings include on-demand and reserved GPU instances, cloud storage, high-speed networking, Kubernetes-based container orchestration and managed services for deploying and scaling workloads.