Chen Goldberg Sells 56,294 Shares of CoreWeave (NASDAQ:CRWV) Stock

Key Points

• Chen Goldberg, SVP of CoreWeave, sold 56,294 shares of stock on September 2nd for approximately $5.24 million, representing a 75% decrease in ownership.
• CoreWeave reported a quarterly EPS of -$0.27, missing estimates, but experienced a 206.7% increase in revenue compared to the previous year.
• Analysts have mixed views on CoreWeave, with ratings ranging from Strong Buy to Sell, and a price target averaging around $107.45.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) SVP Chen Goldberg sold 56,294 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $93.17, for a total transaction of $5,244,911.98. Following the transaction, the senior vice president directly owned 18,764 shares in the company, valued at approximately $1,748,241.88. The trade was a 75.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

CoreWeave Trading Down 2.7%

Shares of NASDAQ CRWV traded down $2.40 during trading on Thursday, reaching $87.48. 17,737,545 shares of the stock were exchanged, compared to its average volume of 20,676,246. The business's 50-day moving average price is $121.97. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month high of $187.00. 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 (NASDAQ:CRWV - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported ($0.27) EPS 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 revenue for the quarter 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.

Wall Street Analyst Weigh In

CRWV has been the topic of a number of recent research reports. Macquarie boosted their target price on shares of CoreWeave from $65.00 to $115.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of CoreWeave in a report on Wednesday, August 13th. Northland Capmk raised shares of CoreWeave to a "strong-buy" rating in a report on Tuesday, May 13th. Northland Securities upped their price target on shares of CoreWeave from $85.00 to $165.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Finally, Mizuho reaffirmed a "neutral" rating and issued a $150.00 price target (up from $70.00) on shares of CoreWeave in a report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, CoreWeave presently has an average rating of "Hold" and an average price target of $107.45.

Institutional Trading of CoreWeave

Several institutional investors have recently added to or reduced their stakes in CRWV. Cisco Systems Inc. bought a new stake in CoreWeave during the second quarter valued at $173,493,000. Geode Capital Management LLC increased its stake in CoreWeave by 142.6% during the second quarter. Geode Capital Management LLC now owns 716,178 shares of the company's stock valued at $116,809,000 after purchasing an additional 420,915 shares during the last quarter. Lmdagg L.L.C. bought a new stake in CoreWeave during the second quarter valued at $48,030,000. Sivia Capital Partners LLC bought a new stake in CoreWeave during the second quarter valued at $39,824,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in CoreWeave during the second quarter valued at $34,284,000.

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.

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