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

Key Points

• Brian Venturo sold 281,250 CoreWeave shares on Dec. 24 at an average price of $79.36, a transaction worth about $22.32 million disclosed in an SEC filing.
• Recent results showed strong top-line growth: CoreWeave reported ($0.22) EPS beating estimates and revenue of $1.36 billion (up 133.7% year-over-year), though the stock remains unprofitable on a P/E basis (‑51.67).
• Market and analyst view: CRWV traded around $74.92 (down ~2%) with a $28.95 billion market cap, and analysts hold a consensus rating of "Hold" with a $127.70 average target amid mixed upgrades and price-target cuts.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Brian Venturo sold 281,250 shares of CoreWeave stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $79.36, for a total value of $22,320,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

CoreWeave Stock Down 2.0%

Shares of CoreWeave stock traded down $1.50 on Monday, hitting $74.92. The company had a trading volume of 13,961,905 shares, compared to its average volume of 24,745,986. 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 2.66, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a 50 day moving average of $92.68 and a 200-day moving average of $115.48. The stock has a market capitalization of $28.95 billion and a price-to-earnings ratio of -51.67.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.14. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. The company's quarterly revenue was up 133.7% compared to the same quarter last year. During the same quarter last year, the company posted ($1.82) EPS.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CRWV shares. Citizens Jmp upgraded shares of CoreWeave from a "market perform" rating to an "outperform" rating and set a $180.00 target price for the company in a report on Tuesday, September 16th. Bank of America cut their price objective on CoreWeave from $168.00 to $140.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 11th. JMP Securities upgraded CoreWeave from a "market perform" rating to a "market outperform" rating and set a $180.00 price objective for the company in a research note on Tuesday, September 16th. Macquarie decreased their target price on CoreWeave from $140.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, November 11th. Finally, The Goldman Sachs Group cut their price target on shares of CoreWeave from $120.00 to $105.00 and set a "neutral" rating on the stock in a report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $127.70.

Institutional Trading of CoreWeave

Several hedge funds have recently made changes to their positions in CRWV. Allworth Financial LP lifted its position in shares of CoreWeave by 190.7% during the 3rd quarter. Allworth Financial LP now owns 4,358 shares of the company's stock valued at $596,000 after buying an additional 2,859 shares during the last quarter. IFP Advisors Inc raised its stake in CoreWeave by 1,009.7% in the 3rd quarter. IFP Advisors Inc now owns 8,223 shares of the company's stock valued at $1,125,000 after acquiring an additional 7,482 shares during the period. KERR FINANCIAL PLANNING Corp bought a new stake in CoreWeave in the 3rd quarter valued at about $27,000. CIBC Private Wealth Group LLC lifted its holdings in CoreWeave by 228.7% during the third quarter. CIBC Private Wealth Group LLC now owns 23,920 shares of the company's stock valued at $3,273,000 after purchasing an additional 16,643 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in CoreWeave during the third quarter worth about $3,670,000.

CoreWeave Company Profile

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.

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