Chen Goldberg Sells 19,208 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) EVP Chen Goldberg sold 19,208 shares of CoreWeave stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $92.29, for a total value of $1,772,706.32. Following the completion of the sale, the executive vice president directly owned 71,266 shares in the company, valued at approximately $6,577,139.14. The trade was a 21.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, August 4th, Chen Goldberg sold 6,397 shares of CoreWeave stock. The stock was sold at an average price of $90.00, for a total value of $575,730.00.
• On Tuesday, June 30th, Chen Goldberg sold 4 shares of CoreWeave stock. The shares were sold at an average price of $95.69, for a total value of $382.76.
• On Monday, June 15th, Chen Goldberg sold 5,541 shares of CoreWeave stock. The shares were sold at an average price of $107.29, for a total transaction of $594,493.89.
• On Wednesday, May 20th, Chen Goldberg sold 14,168 shares of CoreWeave stock. The stock was sold at an average price of $100.34, for a total transaction of $1,421,617.12.

CoreWeave Price Performance

CRWV traded down $4.56 during trading hours on Thursday, hitting $85.33. The company’s stock had a trading volume of 16,543,329 shares, compared to its average volume of 26,826,700. The business’s 50-day moving average price is $92.19 and its 200-day moving average price is $94.89. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. CoreWeave Inc. has a 12 month low of $60.55 and a 12 month high of $153.20.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data 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 return on equity of 43.07% and a negative net margin of 25.57%.The business had revenue of $2.08 billion during the quarter. During the same period in the prior year, the firm earned ($0.60) earnings per share. The firm’s quarterly revenue was up 111.6% on a year-over-year basis. On average, analysts expect that CoreWeave Inc. will post -5.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Piper Sandler began coverage on CoreWeave in a research report on Monday. They set an “overweight” rating and a $151.00 price objective on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price objective on shares of CoreWeave in a research note on Wednesday. Oppenheimer lifted their target price on CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, Sanford C. Bernstein started coverage on CoreWeave in a research report on Wednesday, July 22nd. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.21.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced a multi-year agreement with Solidigm for priority access to enterprise SSD capacity. The deal could help the company scale storage alongside its AI cloud platform and reduce supply-chain constraints. CoreWeave Signs Multi-Year Agreement With Solidigm to Strengthen Its Integrated AI Cloud Platform
• Positive Sentiment: The company’s planned entry into Indonesia includes three AI data centers with 360 megawatts of contracted IT power, giving CoreWeave its first physical presence in the Asia-Pacific region and potentially expanding access to Southeast Asian AI customers. CoreWeave Enters Indonesia With Three New AI Data Centers
• Positive Sentiment: Bullish coverage argues that the recent pullback has improved CoreWeave’s risk-reward profile. The stock trades well below its 52-week high, while the cited analyst consensus target of $138.03 implies substantial upside; Rosenblatt Securities separately reaffirmed a Buy rating with a $250 target. CoreWeave at $92: The Compelling Bull Case On Offer Right Now
• Neutral Sentiment: Investors are focused on CoreWeave’s August 11 earnings release. Recent commentary highlights strong GPU and AI-cloud demand, but the company’s outlook and spending plans will likely determine whether that momentum can offset profitability concerns. Dear CoreWeave Stock Fans, Mark Your Calendars for August 11
• Negative Sentiment: Director Brannin Mcbee disclosed multiple sales totaling approximately 250,000 shares and more than $20 million under a pre-arranged Rule 10b5-1 plan. Although scheduled sales do not necessarily signal a change in business expectations, the sizable reduction in his holdings can weigh on sentiment. SEC Insider Trading Filing
• Negative Sentiment: CoreWeave remains a high-risk, capital-intensive growth stock. Its reported negative earnings, debt-to-equity ratio of 3.68, low liquidity ratios, and substantial data-center spending leave investors sensitive to financing costs, execution risks, and any signs that AI demand is not converting into improving profitability. CoreWeave Earnings Report

Institutional Trading of CoreWeave

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of CoreWeave by 275.6% during the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after buying an additional 20,487,478 shares during the last quarter. Proficio Capital Partners LLC lifted 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 acquiring an additional 17,847,760 shares during the last quarter. Bank of America Corp DE boosted its holdings in CoreWeave by 13.1% during the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock valued at $437,870,000 after acquiring an additional 653,398 shares during the period. Clear Street Group Inc. boosted its holdings in CoreWeave by 57.2% during the 4th quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock valued at $333,260,000 after acquiring an additional 1,692,916 shares during the period. Finally, Alyeska Investment Group L.P. grew its position in CoreWeave by 300.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after acquiring an additional 3,000,000 shares during the last quarter.

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.