CoreWeave (NASDAQ:CRWV) Insider Sells 281,250 Shares

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Brian Venturo sold 281,250 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $91.77, for a total value of $25,810,312.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

CoreWeave Trading Up 1.3%

CRWV traded up $1.19 on Friday, reaching $92.98. 20,291,795 shares of the company traded hands, compared to its average volume of 27,233,227. CoreWeave Inc. has a one year low of $33.51 and a one year high of $187.00. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 2.66. The firm has a fifty day simple moving average of $80.21 and a two-hundred day simple moving average of $105.76. The company has a market cap of $35.93 billion and a P/E ratio of -64.12.

CoreWeave (NASDAQ:CRWVGet Free Report) last issued its earnings results on Monday, November 10th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.14. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the company earned ($1.82) EPS. The firm’s quarterly revenue was up 133.7% compared to the same quarter last year.

Trending Headlines about CoreWeave

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Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CRWV shares. Compass Point assumed coverage on CoreWeave in a research report on Thursday, November 13th. They set a “buy” rating and a $150.00 price target on the stock. Loop Capital decreased their price objective on shares of CoreWeave from $165.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Melius Research set a $140.00 price objective on shares of CoreWeave in a report on Tuesday, November 11th. Truist Financial initiated coverage on CoreWeave in a research note on Tuesday, January 6th. They set a “hold” rating and a $84.00 price objective for the company. Finally, The Goldman Sachs Group initiated coverage on shares of CoreWeave in a research report on Monday, January 12th. They issued a “neutral” rating and a $86.00 price objective for the company. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, CoreWeave has a consensus rating of “Hold” and a consensus target price of $122.43.

View Our Latest Research Report on CoreWeave

Hedge Funds Weigh In On CoreWeave

A number of hedge funds have recently made changes to their positions in CRWV. Family Legacy Financial Solutions LLC grew its position in CoreWeave by 166.7% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock worth $27,000 after acquiring an additional 125 shares during the last quarter. HighMark Wealth Management LLC purchased a new position in shares of CoreWeave in the third quarter valued at about $27,000. OLD Second National Bank of Aurora bought a new position in shares of CoreWeave during the third quarter valued at about $27,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of CoreWeave during the third quarter valued at about $27,000. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of CoreWeave during the third quarter worth about $28,000.

About CoreWeave

(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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Insider Buying and Selling by Quarter for CoreWeave (NASDAQ:CRWV)

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