CoreWeave (NASDAQ:CRWV) Director Jack Cogen Sells 1,112,004 Shares

Key Points

• CoreWeave Director Jack Cogen sold 1,112,004 shares of the company's stock at an average price of $94.69, totaling approximately $105.3 million, decreasing his ownership by 8.27%.
• The company's quarterly earnings report showed a loss of ($0.27) per share, missing estimates, but revenue increased by 206.7% year-over-year to $1.21 million.
• Analysts have mixed ratings on CoreWeave, with a consensus rating of "Hold" and a target price of $107.45, reflecting a range from Strong Buy to Sell.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) Director Jack Cogen sold 1,112,004 shares of CoreWeave stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the completion of the sale, the director owned 12,329,676 shares in the company, valued at approximately $1,167,497,020.44. This represents a 8.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

CoreWeave Price Performance

CRWV stock traded down $2.40 during trading on Thursday, hitting $87.48. 17,737,545 shares of the company's stock traded hands, compared to its average volume of 20,676,246. CoreWeave Inc. has a 52 week low of $33.51 and a 52 week high of $187.00. The firm has a fifty day simple moving average of $121.97. 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 released its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The company had revenue of $1.21 million during the quarter. The company's revenue was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Institutional Trading of CoreWeave

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Costello Asset Management INC boosted its stake in shares of CoreWeave by 33.3% during the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company's stock worth $65,000 after acquiring an additional 100 shares in the last quarter. Chelsea Counsel Co. purchased a new position in shares of CoreWeave in the 2nd quarter valued at about $33,000. Archer Investment Corp acquired a new position in CoreWeave in the 2nd quarter worth about $34,000. Chilton Capital Management LLC purchased a new position in CoreWeave during the second quarter worth approximately $39,000. Finally, SOA Wealth Advisors LLC. boosted its position in CoreWeave by 275.0% during the second quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company's stock worth $61,000 after purchasing an additional 275 shares in the last quarter.

Analyst Ratings Changes

Several research firms have recently weighed in on CRWV. Arete Research raised shares of CoreWeave from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. JMP Securities assumed coverage on CoreWeave in a report on Thursday, May 22nd. They set a "market perform" rating on the stock. Stifel Nicolaus upped their target price on CoreWeave from $115.00 to $120.00 and gave the stock a "hold" rating in a report on Wednesday, August 13th. Moffett Nathanson increased their price target on CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 19th. Finally, Wall Street Zen lowered CoreWeave from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $107.45.

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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