CoreWeave (NASDAQ:CRWV) Director Jack Cogen Sells 100,000 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) Director Jack Cogen sold 100,000 shares of CoreWeave stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $103.77, for a total value of $10,377,000.00. Following the completion of the sale, the director owned 9,683,136 shares in the company, valued at $1,004,819,022.72. This represents a 1.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

CoreWeave Price Performance

NASDAQ:CRWV opened at $109.53 on Friday. CoreWeave Inc. has a 52 week low of $63.80 and a 52 week high of $187.00. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The company has a market capitalization of $49.02 billion, a P/E ratio of -35.22 and a beta of 7.84. The stock’s fifty day moving average is $102.63 and its two-hundred day moving average is $90.63.

CoreWeave (NASDAQ:CRWV) last posted its earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The business had revenue of $2.08 billion during the quarter. During the same quarter in the prior year, the company earned ($0.60) EPS. The firm’s revenue for the quarter was up 111.6% on a year-over-year basis. Equities analysts expect that CoreWeave Inc. will post -4.57 EPS for the current year.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave launched new unified agentic AI capabilities that aim to connect training and inference in a closed loop, reinforcing its role as a key AI infrastructure provider and supporting the long-term growth story. CoreWeave’s Closed Loop Agentic AI Aims To Reshape Growth Expectations
• Positive Sentiment: Reports highlighted CoreWeave’s backlog approaching $100 billion, suggesting strong demand visibility and multi-year revenue potential as AI cloud spending remains robust. CoreWeave’s Backlog Hits Nearly $100B: Multi-Year Growth Secured?
• Positive Sentiment: Analysts remain constructive overall, with recent target increases and a favorable long-term outlook tied to explosive AI infrastructure demand. Here’s What Analysts Think About CoreWeave, Inc. (CRWV)
• Neutral Sentiment: CoreWeave also announced participation in the BofA Securities Global Technology Conference, which keeps management in front of investors but is not a fundamental catalyst by itself. CoreWeave to Participate in the BofA Securities Global Technology Conference
• Negative Sentiment: Heavy insider selling may be pressuring sentiment, including large share sales by Director Jack D. Cogen and additional sales by CEO Michael Intrator, CFO Nitin Agrawal, COO Sachin Jain, and Director Karen Boone. SEC filing for insider sale
• Negative Sentiment: Investors are still focused on CoreWeave’s sizable losses and capital intensity, which could limit enthusiasm despite strong revenue growth and major customer commitments. CoreWeave Lost $740 Million in 90 Days. Then Meta Handed It $21 Billion.

Institutional Investors Weigh In On CoreWeave

Institutional investors and hedge funds have recently modified their holdings of the company. AE Wealth Management LLC purchased a new stake in shares of CoreWeave in the 3rd quarter valued at $4,241,000. Vanguard Group Inc. increased its holdings in 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 period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in CoreWeave by 6,022.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock worth $8,075,000 after purchasing an additional 110,926 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in CoreWeave by 67.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock worth $4,794,000 after purchasing an additional 26,907 shares during the period. Finally, Hidden Lake Asset Management LP purchased a new stake in CoreWeave during the 3rd quarter worth about $14,814,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CRWV shares. Evercore restated an “outperform” rating and issued a $150.00 target price on shares of CoreWeave in a research report on Wednesday, April 15th. Citizens Jmp restated a “market outperform” rating and issued a $180.00 target price on shares of CoreWeave in a research report on Friday, February 27th. Mizuho lifted their target price on CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Bank of America upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Tuesday, March 24th. Finally, Oppenheimer boosted their price objective on CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Nineteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $129.63.

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.