CoreWeave (NASDAQ:CRWV) SVP Chen Goldberg Sells 13,740 Shares

Key Points

• Chen Goldberg sold 13,740 shares on Nov. 11 at an average price of $90.79 for about $1.25M, cutting her stake by 37.05% to 23,344 shares valued near $2.12M.
• Goldberg has made additional large disposals this year — 19,180 shares on Nov. 5 at $118.30 (~$2.27M) and 56,294 shares on Sept. 2 at $93.17 (~$5.24M) — signaling substantial insider selling activity.
• CoreWeave reported Q3 revenue of $1.36B (up 133.7% YoY) and beat EPS estimates, but the stock has pulled back to $78.34 on heavy volume; the company has a $38.3B market cap and a negative P/E, reflecting rapid growth yet unprofitable status.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) SVP Chen Goldberg sold 13,740 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $90.79, for a total value of $1,247,454.60. Following the sale, the senior vice president directly owned 23,344 shares in the company, valued at $2,119,401.76. This represents a 37.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Chen Goldberg also recently made the following trade(s):

• On Wednesday, November 5th, Chen Goldberg sold 19,180 shares of CoreWeave stock. The shares were sold at an average price of $118.30, for a total value of $2,268,994.00.
• On Tuesday, September 2nd, Chen Goldberg sold 56,294 shares of CoreWeave stock. The stock was sold at an average price of $93.17, for a total value of $5,244,911.98.

CoreWeave Price Performance

CRWV stock traded down $7.09 during midday trading on Thursday, reaching $78.34. The company had a trading volume of 42,645,181 shares, compared to its average volume of 23,675,191. The company has a market capitalization of $38.27 billion and a price-to-earnings ratio of -68.72. The stock has a 50 day moving average price of $123.24 and a 200-day moving average price of $118.60. 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 2.79, a current ratio of 0.52 and a quick ratio of 0.52.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.36) by $0.14. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. The company's quarterly revenue was up 133.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($1.82) earnings per share. CoreWeave has set its FY 2025 guidance at EPS.

Hedge Funds Weigh In On CoreWeave

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRWV. Vanguard Group Inc. lifted its holdings in shares of CoreWeave by 109.7% during the third quarter. Vanguard Group Inc. now owns 7,433,501 shares of the company's stock worth $1,017,275,000 after purchasing an additional 3,888,164 shares during the period. Invesco Ltd. increased its holdings in CoreWeave by 55,329.7% in the third quarter. Invesco Ltd. now owns 2,999,300 shares of the company's stock valued at $410,454,000 after purchasing an additional 2,993,889 shares during the period. First Trust Advisors LP raised its position in CoreWeave by 1,464.9% during the 3rd quarter. First Trust Advisors LP now owns 1,944,348 shares of the company's stock worth $266,084,000 after purchasing an additional 1,820,101 shares during the last quarter. Quadrature Capital Ltd bought a new position in CoreWeave during the 3rd quarter worth $199,216,000. Finally, Cisco Systems Inc. acquired a new position in CoreWeave during the 2nd quarter worth about $173,493,000.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CRWV. Compass Point initiated coverage on CoreWeave in a research note on Thursday. They set a "buy" rating and a $150.00 target price for the company. Argus reaffirmed a "buy" rating and issued a $200.00 price objective on shares of CoreWeave in a research note on Thursday, August 14th. JMP Securities raised CoreWeave from a "market perform" rating to a "market outperform" rating and set a $180.00 target price for the company in a research note on Tuesday, September 16th. DA Davidson reissued an "underperform" rating and issued a $36.00 target price on shares of CoreWeave in a report on Tuesday. Finally, Moffett Nathanson lifted their price target on shares of CoreWeave from $56.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, CoreWeave currently has a consensus rating of "Moderate Buy" and an average target price of $128.62.

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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