CoreWeave (NASDAQ:CRWV) Insider Brian M. Venturo Sells 281,250 Shares

Key Points

• Brian Venturo, an insider at CoreWeave, sold 281,250 shares of the company's stock for approximately $33.4 million on September 17th.
• CoreWeave reported a 206.7% year-over-year revenue increase despite reporting an EPS loss of ($0.27) for the last quarter.
• Several brokerages have revised their price targets for CoreWeave, with Mizuho raising its target to $150 and JMP Securities upgrading to a market outperform rating with a $180 price objective.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Brian M. Venturo sold 281,250 shares of CoreWeave stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $118.68, for a total transaction of $33,378,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

CoreWeave Stock Performance

Shares of CRWV stock traded up $3.47 during mid-day trading on Friday, hitting $124.86. 47,485,909 shares of the stock were exchanged, compared to its average volume of 28,094,886. CoreWeave Inc. has a 12-month low of $33.51 and a 12-month high of $187.00. The firm's fifty day moving average price is $111.39. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The company had revenue of $1.21 million for the quarter. The business's revenue was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Analyst Ratings Changes

Several analysts have recently weighed in on CRWV shares. Mizuho reaffirmed a "neutral" rating and set a $150.00 price objective (up previously from $70.00) on shares of CoreWeave in a report on Tuesday, July 8th. Stifel Nicolaus raised their target price on CoreWeave from $115.00 to $120.00 and gave the stock a "hold" rating in a research note on Wednesday, August 13th. DA Davidson reaffirmed an "underperform" rating and issued a $36.00 price target on shares of CoreWeave in a report on Tuesday, June 10th. Moffett Nathanson increased their target price on CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 19th. Finally, Seaport Res Ptn raised CoreWeave to a "hold" rating in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, CoreWeave currently has a consensus rating of "Hold" and a consensus target price of $116.12.

Institutional Trading of CoreWeave

Several hedge funds have recently modified their holdings of the business. Chelsea Counsel Co. acquired a new position in CoreWeave during the 2nd quarter valued at approximately $33,000. Archer Investment Corp bought a new position in shares of CoreWeave in the second quarter valued at approximately $34,000. Chilton Capital Management LLC bought a new position in CoreWeave in the 2nd quarter worth approximately $39,000. TD Waterhouse Canada Inc. bought a new position in shares of CoreWeave during the 2nd quarter worth about $47,000. Finally, Montag A & Associates Inc. bought a new stake in shares of CoreWeave during the second quarter valued at approximately $49,000.

CoreWeave Company Profile

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.