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

CoreWeave Inc. (NASDAQ:CRWV) insider Brian Venturo sold 281,250 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $87.57, for a total value of $24,629,062.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

CoreWeave Stock Performance

Shares of CRWV opened at $77.36 on Friday. The company has a 50-day moving average of $122.82 and a two-hundred day moving average of $118.56. The stock has a market cap of $37.80 billion and a price-to-earnings ratio of -67.86. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. CoreWeave Inc. has a one year low of $33.51 and a one year high of $187.00.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.14. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the company posted ($1.82) EPS. The firm’s revenue was up 133.7% compared to the same quarter last year. CoreWeave has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On CoreWeave

Institutional investors and hedge funds have recently modified their holdings of the business. Family Legacy Financial Solutions LLC raised its holdings in CoreWeave by 166.7% during the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock valued at $27,000 after buying an additional 125 shares in the last quarter. HighMark Wealth Management LLC bought a new stake in CoreWeave during the third quarter worth approximately $27,000. OLD Second National Bank of Aurora acquired a new position in CoreWeave during the third quarter valued at approximately $27,000. Princeton Global Asset Management LLC bought a new position in shares of CoreWeave in the third quarter valued at approximately $28,000. Finally, Aspect Partners LLC bought a new position in CoreWeave in the 3rd quarter worth $28,000.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CRWV shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of CoreWeave in a report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of CoreWeave in a research note on Wednesday, August 13th. Melius raised shares of CoreWeave from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a research report on Tuesday, September 23rd. HC Wainwright reaffirmed a “buy” rating and set a $180.00 price objective on shares of CoreWeave in a research report on Wednesday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $174.00 price objective on shares of CoreWeave in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.62.

CoreWeave Company Profile

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.