CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Brian Venturo sold 324,312 shares of CoreWeave stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $88.10, for a total transaction of $28,571,887.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
CoreWeave Trading Up 3.5%
Shares of CRWV traded up $3.20 during trading hours on Friday, reaching $93.99. 33,884,907 shares of the company traded hands, compared to its average volume of 22,930,838. The firm has a fifty day moving average price of $133.71. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79. CoreWeave Inc. has a 12 month low of $33.51 and a 12 month high of $187.00.
CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The firm had revenue of $1.21 million for the quarter. The business's quarterly 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.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Chelsea Counsel Co. purchased a new stake in CoreWeave in the second quarter worth approximately $33,000. Archer Investment Corp purchased a new stake in CoreWeave during the second quarter valued at approximately $34,000. Chilton Capital Management LLC purchased a new stake in CoreWeave during the second quarter valued at approximately $39,000. TD Waterhouse Canada Inc. purchased a new stake in CoreWeave during the second quarter valued at approximately $47,000. Finally, Montag A & Associates Inc. purchased a new stake in CoreWeave during the second quarter valued at approximately $49,000.
Wall Street Analyst Weigh In
Several research firms recently commented on CRWV. Stifel Nicolaus boosted their price objective on shares of CoreWeave from $115.00 to $120.00 and gave the stock a "hold" rating in a research note on Wednesday, August 13th. Needham & Company LLC reissued a "hold" rating on shares of CoreWeave in a research note on Wednesday, August 13th. JMP Securities began coverage on shares of CoreWeave in a research note on Thursday, May 22nd. They set a "market perform" rating on the stock. Wall Street Zen lowered shares of CoreWeave from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, Arete raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price objective on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $107.05.
Get Our Latest Stock Analysis on CRWV
About CoreWeave
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider CoreWeave, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CoreWeave wasn't on the list.
While CoreWeave currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access