CoreWeave (NASDAQ:CRWV) CEO Michael Intrator Sells 200,000 Shares

CoreWeave Inc. (NASDAQ:CRWV) CEO Michael Intrator sold 200,000 shares of the stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $78.23, for a total value of $15,646,000.00. Following the sale, the chief executive officer directly owned 2,476,815 shares in the company, valued at approximately $193,761,237.45. This trade represents a 7.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Price Performance

Shares of NASDAQ CRWV traded down $4.21 during mid-day trading on Tuesday, reaching $66.58. The company had a trading volume of 14,358,846 shares, compared to its average volume of 28,020,781. The firm has a market cap of $29.80 billion, a price-to-earnings ratio of -21.47 and a beta of 7.17. The business’s 50-day simple moving average is $96.38 and its 200 day simple moving average is $95.39. CoreWeave Inc. has a one year low of $63.80 and a one year 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.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Cornerstone Planning Group LLC boosted its holdings in shares of 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 acquiring an additional 251 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in CoreWeave by 45.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after purchasing an additional 121 shares in the last quarter. Greenline Wealth Management LLC bought a new position in CoreWeave in the fourth quarter valued at about $28,000. Peterson Wealth Services raised its position in CoreWeave by 153.1% in the first quarter. Peterson Wealth Services now owns 405 shares of the company’s stock valued at $31,000 after purchasing an additional 245 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in shares of CoreWeave during the first quarter valued at about $31,000.

Analysts Set New Price Targets

Several research firms recently issued reports on CRWV. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $135.00 price target on shares of CoreWeave in a research report on Friday, May 8th. Rosenblatt Securities restated a “buy” rating and set a $250.00 price objective on shares of CoreWeave in a research report on Thursday, July 2nd. BTIG Research began coverage on CoreWeave in a research note on Wednesday, July 22nd. They set a “buy” rating for the company. Jefferies Financial Group downgraded CoreWeave from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, Robert W. Baird initiated coverage on CoreWeave in a research note on Tuesday, July 21st. They issued an “outperform” rating and a $100.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $136.25.

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.