CoreWeave (NASDAQ:CRWV) COO Sells $961,838.55 in Stock

CoreWeave Inc. (NASDAQ:CRWV) COO Sachin Jain sold 7,335 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $131.13, for a total transaction of $961,838.55. Following the completion of the transaction, the chief operating officer owned 104,068 shares of the company’s stock, valued at $13,646,436.84. This represents a 6.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sachin Jain also recently made the following trade(s):

• On Wednesday, April 15th, Sachin Jain sold 3,953 shares of CoreWeave stock. The shares were sold at an average price of $120.00, for a total transaction of $474,360.00.
• On Friday, April 10th, Sachin Jain sold 7,335 shares of CoreWeave stock. The shares were sold at an average price of $105.00, for a total transaction of $770,175.00.
• On Wednesday, April 8th, Sachin Jain sold 3,953 shares of CoreWeave stock. The shares were sold at an average price of $92.00, for a total transaction of $363,676.00.

CoreWeave Stock Performance

NASDAQ:CRWV opened at $114.15 on Monday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 4.46. The firm has a 50-day moving average price of $94.19 and a two-hundred day moving average price of $92.34. CoreWeave Inc. has a twelve month low of $50.18 and a twelve month high of $187.00. The company has a market capitalization of $50.57 billion, a P/E ratio of -36.70 and a beta of 7.84.

CoreWeave (NASDAQ:CRWV) last posted its earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.28). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 47.88%. The business had revenue of $1.57 billion for the quarter. The firm’s quarterly revenue was up 110.4% compared to the same quarter last year. As a group, research analysts expect that CoreWeave Inc. will post -4.15 earnings per share for the current fiscal year.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave said bookings hit the strongest level in company history and backlog remains very large, reinforcing that demand for AI infrastructure is still extremely strong. CoreWeave Reports ‘Strongest’ Bookings
• Positive Sentiment: Analysts and commentators remain constructive on the long-term AI growth story, with some saying the pullback may create an attractive entry point despite near-term volatility. Seeking Alpha rating upgrade
• Neutral Sentiment: The company also highlighted product momentum, including expanded SUNK capabilities and SUNK Anywhere, which could support customer adoption over time. CoreWeave expands SUNK capabilities
• Neutral Sentiment: JPMorgan and Mizuho raised price targets but kept neutral ratings, suggesting Wall Street sees value but is still cautious on the stock’s near-term execution risk. Analyst target updates
• Negative Sentiment: CoreWeave reported a larger quarterly loss than expected as operating expenses climbed, fueling concerns that profitability remains distant even with rapid revenue growth. WSJ on widened Q1 loss
• Negative Sentiment: Second-quarter revenue guidance came in below consensus, and the company also lifted its capital spending outlook, creating concern about slower conversion of demand into revenue and continued heavy investment. CoreWeave forecast miss and higher capex
• Negative Sentiment: Recent insider and major shareholder selling, including sales by CEO Michael Intrator, Brian Venturo, Chen Goldberg, and Magnetar Financial, is adding short-term pressure on sentiment. CEO Form 4 filing

Institutional Investors Weigh In On CoreWeave

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of CoreWeave by 275.6% during the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after purchasing an additional 20,487,478 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in shares of CoreWeave by 446,194.0% during the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after purchasing an additional 17,847,760 shares during the last quarter. Clear Street Group Inc. boosted its stake in shares of CoreWeave by 57.2% during the 4th quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock worth $333,260,000 after purchasing an additional 1,692,916 shares during the last quarter. Alyeska Investment Group L.P. boosted its position in shares of CoreWeave by 300.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock worth $286,440,000 after acquiring an additional 3,000,000 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in shares of CoreWeave by 22,624.0% in the fourth quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock worth $273,039,000 after acquiring an additional 3,796,077 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CRWV shares. Citigroup raised their target price on shares of CoreWeave from $126.00 to $155.00 and gave the company a “buy” rating in a report on Friday, May 1st. Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a report on Friday, February 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $135.00 target price on shares of CoreWeave in a report on Friday. Citizens Jmp restated a “market outperform” rating and set a $180.00 target price on shares of CoreWeave in a report on Friday, February 27th. Finally, Jefferies Financial Group raised their price target on shares of CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Twenty analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.09.

CoreWeave Company Profile

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.