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

CoreWeave Inc. (NASDAQ:CRWV) insider Brian Venturo sold 281,250 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $87.57, for a total transaction of $24,629,062.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CoreWeave Trading Down 1.3%

Shares of NASDAQ CRWV opened at $77.36 on Friday. CoreWeave Inc. has a 1-year low of $33.51 and a 1-year high of $187.00. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. The business’s 50 day moving average is $122.82 and its two-hundred day moving average is $119.09. The stock has a market capitalization of $37.80 billion and a P/E ratio of -67.86.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.14. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. CoreWeave’s revenue for the quarter was up 133.7% on a year-over-year basis. During the same period in the previous year, the business earned ($1.82) earnings per share. CoreWeave has set its FY 2025 guidance at EPS.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CRWV. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of CoreWeave in a research note on Wednesday, August 13th. Wells Fargo & Company lowered their target price on shares of CoreWeave from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday. Citigroup raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Thursday, July 31st. Melius raised shares of CoreWeave from a “hold” rating to a “buy” rating and set a $165.00 price objective on the stock in a research report on Tuesday, September 23rd. Finally, 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 research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, CoreWeave presently has an average rating of “Moderate Buy” and a consensus target price of $128.62.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Family Legacy Financial Solutions LLC lifted its holdings in CoreWeave by 166.7% during the 3rd 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 purchased a new position in shares of CoreWeave during the third quarter worth approximately $27,000. OLD Second National Bank of Aurora bought a new stake in shares of CoreWeave during the third quarter valued at approximately $27,000. Princeton Global Asset Management LLC purchased a new stake 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 third quarter worth approximately $28,000.

About CoreWeave

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.