CoreWeave (NASDAQ:CRWV) EVP Sells $1,721,418.00 in Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) EVP Chen Goldberg sold 18,950 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $90.84, for a total value of $1,721,418.00. Following the completion of the sale, the executive vice president owned 58,689 shares in the company, valued at $5,331,308.76. This represents a 24.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Thursday, February 5th, Chen Goldberg sold 17,985 shares of CoreWeave stock. The stock was sold at an average price of $79.69, for a total value of $1,433,224.65.

CoreWeave Price Performance

CRWV stock traded up $8.46 during trading on Tuesday, hitting $99.30. The stock had a trading volume of 24,088,379 shares, compared to its average volume of 27,033,365. The stock has a market cap of $38.37 billion and a price-to-earnings ratio of -68.48. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.49 and a current ratio of 0.49. The company’s 50 day moving average price is $87.08 and its two-hundred day moving average price is $100.62. CoreWeave Inc. has a 1-year low of $33.51 and a 1-year high of $187.00.

Institutional Investors Weigh In On CoreWeave

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Floyd Financial Group LLC raised its holdings in shares of CoreWeave by 111.0% in the 4th quarter. Floyd Financial Group LLC now owns 16,748 shares of the company’s stock worth $1,199,000 after purchasing an additional 8,809 shares during the period. Virtu Financial LLC acquired a new stake in CoreWeave during the 4th quarter worth approximately $11,907,000. Mcguire Capital Advisors Inc. purchased a new position in CoreWeave in the fourth quarter valued at approximately $105,000. Compound Planning Inc. acquired a new position in CoreWeave during the fourth quarter valued at approximately $6,236,000. Finally, Axxcess Wealth Management LLC purchased a new stake in CoreWeave during the fourth quarter worth approximately $718,000.

Analysts Set New Price Targets

CRWV has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CoreWeave in a research note on Monday, December 29th. Jefferies Financial Group lowered their price objective on CoreWeave from $155.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, January 5th. UBS Group reiterated a “neutral” rating on shares of CoreWeave in a research note on Friday, January 16th. Evercore decreased their price target on CoreWeave from $175.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. Finally, DA Davidson raised shares of CoreWeave from a “neutral” rating to a “buy” rating and upped their price objective for the company from $68.00 to $110.00 in a research note on Monday, January 26th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.45.

View Our Latest Stock Report on CoreWeave

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CoreWeave Company Profile

(Get Free Report)

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.

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