CoreWeave (NASDAQ:CRWV) CEO Michael Intrator Sells 50,000 Shares

CoreWeave Inc. (NASDAQ:CRWV) CEO Michael Intrator sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $87.34, for a total value of $4,367,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

CoreWeave Price Performance

Shares of NASDAQ CRWV opened at $74.81 on Friday. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.46 and a current ratio of 0.46. CoreWeave Inc. has a one year low of $33.51 and a one year high of $187.00. The firm has a market capitalization of $31.35 billion and a P/E ratio of -23.38. The company’s fifty day moving average is $88.25 and its two-hundred day moving average is $97.30.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative net margin of 22.75% and a negative return on equity of 33.82%. The company had revenue of $1.57 billion during the quarter. The firm’s quarterly revenue was up 110.4% on a year-over-year basis.

Analysts Set New Price Targets

A number of brokerages have issued reports on CRWV. Barclays dropped their target price on shares of CoreWeave from $120.00 to $90.00 and set an “equal weight” rating for the company in a report on Monday, January 12th. Truist Financial upped their price target on CoreWeave from $84.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, February 27th. Jefferies Financial Group dropped their price objective on CoreWeave from $155.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Deutsche Bank Aktiengesellschaft raised CoreWeave from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $140.00 in a report on Tuesday, January 27th. Finally, DA Davidson boosted their target price on CoreWeave from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Nineteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $121.06.

Institutional Trading of CoreWeave

Several institutional investors and hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC grew its position in shares of CoreWeave by 6,497.0% in the fourth quarter. Hsbc Holdings PLC now owns 425,970 shares of the company’s stock valued at $30,574,000 after purchasing an additional 419,513 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of CoreWeave by 95.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 66,623 shares of the company’s stock worth $4,771,000 after purchasing an additional 32,569 shares during the last quarter. Osbon Capital Management LLC acquired a new position in shares of CoreWeave during the 4th quarter worth approximately $114,000. World Investment Advisors lifted its stake in CoreWeave by 238.1% in the 4th quarter. World Investment Advisors now owns 8,026 shares of the company’s stock valued at $575,000 after buying an additional 5,652 shares in the last quarter. Finally, Nalls Sherbakoff Group LLC purchased a new stake in CoreWeave in the 4th quarter valued at approximately $36,000.

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.