Brian Venturo Sells 52,787 Shares of CoreWeave (NASDAQ:CRWV) Stock

Key Points

• Insider Brian Venturo sold 52,787 shares of CoreWeave (NASDAQ:CRWV) stock for approximately $7.28 million, reducing his ownership by 17.51% to 248,722 shares.
• CoreWeave reported a loss of $0.27 EPS for the last quarter, missing analyst expectations, but had a remarkable revenue growth of 206.7% year-over-year.
• Analysts have increased CoreWeave's target price significantly, with projections now reaching $165, indicating a positive outlook for the stock.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Brian Venturo sold 52,787 shares of the company's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $137.90, for a total transaction of $7,279,327.30. Following the completion of the transaction, the insider owned 248,722 shares in the company, valued at approximately $34,298,763.80. This represents a 17.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CoreWeave Price Performance

CRWV traded up $11.15 during trading hours on Wednesday, hitting $139.98. 34,086,291 shares of the company's stock were exchanged, compared to its average volume of 22,940,115. CoreWeave Inc. has a 12-month low of $33.51 and a 12-month high of $187.00. The stock's 50 day moving average price is $112.79. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The business had revenue of $1.21 million for the quarter. CoreWeave'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.

Hedge Funds Weigh In On CoreWeave

A number of large investors have recently made changes to their positions in the stock. M.E. Allison & CO. Inc. purchased a new position in CoreWeave during the 3rd quarter valued at about $1,260,000. Veracity Capital LLC increased its holdings in CoreWeave by 53.2% during the 3rd quarter. Veracity Capital LLC now owns 4,747 shares of the company's stock valued at $650,000 after acquiring an additional 1,648 shares in the last quarter. Family Legacy Financial Solutions LLC increased 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 acquiring an additional 125 shares in the last quarter. Vigilare Wealth Management purchased a new position in CoreWeave during the 3rd quarter valued at about $416,000. Finally, Corient Private Wealth LLC purchased a new position in CoreWeave during the 2nd quarter valued at about $460,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CRWV shares. Northland Securities increased their target price on shares of CoreWeave from $85.00 to $165.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Loop Capital assumed coverage on shares of CoreWeave in a research note on Friday, September 19th. They set a "buy" rating and a $165.00 price target for the company. Needham & Company LLC reiterated a "hold" rating on shares of CoreWeave in a research note on Wednesday, August 13th. Mizuho reiterated a "neutral" rating and set a $150.00 price target (up previously from $70.00) on shares of CoreWeave in a research note on Tuesday, July 8th. Finally, Arete Research upgraded shares of CoreWeave from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $127.64.

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.

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