CoreWeave (NASDAQ:CRWV) Stock: Insider Chen Goldberg Sells 19,904 Shares

Key Points

• CoreWeave EVP Chen Goldberg sold 19,904 shares at an average $46.50, worth about $925,536; the filing says the sale covered tax withholding tied to vested equity awards. Goldberg retained 68,149 shares.
• CoreWeave shares traded around $46.40, well below their 12-month high of $138.25; the company also reported 112.5% year-over-year quarterly revenue growth, while remaining unprofitable.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $129.41, though the article also notes high debt and liquidity concerns.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) EVP Chen Goldberg sold 19,904 shares of CoreWeave stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $46.50, for a total value of $925,536.00. Following the transaction, the executive vice president owned 68,149 shares in the company, valued at $3,168,928.50. This trade represents a 22.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, September 30th, Chen Goldberg sold 5 shares of CoreWeave stock. The shares were sold at an average price of $87.69, for a total value of $438.45.
• On Tuesday, September 8th, Chen Goldberg sold 22,424 shares of CoreWeave stock. The stock was sold at an average price of $95.91, for a total value of $2,150,685.84.
• On Thursday, August 20th, Chen Goldberg sold 8,628 shares of CoreWeave stock. The stock was sold at an average price of $91.88, for a total value of $792,740.64.
• On Monday, August 17th, Chen Goldberg sold 6,397 shares of CoreWeave stock. The stock was sold at an average price of $106.11, for a total value of $678,785.67.

CoreWeave Stock Performance

Shares of CRWV stock traded up $2.74 during trading hours on Friday, reaching $46.40. 59,273,176 shares of the company traded hands, compared to its average volume of 32,130,467. CoreWeave Inc. has a 12-month low of $40.58 and a 12-month high of $138.25. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market cap of $21.29 billion, a P/E ratio of -12.71 and a beta of 7.71. The firm has a 50-day moving average price of $76.37 and a 200 day moving average price of $90.13.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.52) by $0.38. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The company had revenue of $2.58 billion during the quarter. During the same period in the prior year, the company posted ($0.27) earnings per share. The company's revenue was up 112.5% compared to the same quarter last year. As a group, sell-side analysts predict that CoreWeave Inc. will post -4.97 earnings per share for the current fiscal year.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Better-than-expected results from other AI-cloud companies helped spark a sector relief rally, lifting CoreWeave after Thursday’s losses. Article: Cloudflare and IREN earnings spark an AI-cloud rebound
• Positive Sentiment: Investors are looking to strong AI demand, a reported $104 billion backlog and expanding infrastructure as potential supports for CoreWeave’s Q3 results. Article: CRWV poised for a Q3 earnings beat
• Neutral Sentiment: Q3 expectations point to rapid growth—guidance implies roughly 158% year-over-year revenue growth—but an adjusted operating margin of about 6.5% would underscore that growth is not yet translating into robust profitability. Article: CoreWeave stock is no bargain—earnings preview
• Negative Sentiment: CoreWeave’s bond yield has topped 16%, signaling heightened concern about the cost of financing its infrastructure expansion. High leverage and a 0.46 current ratio add to refinancing and liquidity risks. Article: CoreWeave bond yield tops 16%
• Negative Sentiment: Investors are also weighing possible tighter rules and slower permitting for data centers, including in Texas, a key market for infrastructure growth. Article: Is CoreWeave facing a growth squeeze from data-center rules?
• Negative Sentiment: A broader pullback in AI and data-center stocks, alongside an analyst downgrade and a price-target cut, has added pressure ahead of earnings. Article: AI stocks hammered as data-center concerns rise

Hedge Funds Weigh In On CoreWeave

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Alyeska Investment Group L.P. increased its position in CoreWeave by 55.7% during the 2nd quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company's stock valued at $1,084,117,000 after purchasing an additional 3,897,741 shares during the period. State Street Corp raised its holdings in shares of CoreWeave by 139.7% in the 2nd quarter. State Street Corp now owns 7,058,846 shares of the company's stock valued at $702,638,000 after purchasing an additional 4,113,873 shares in the last quarter. Bank of America Corp DE lifted its position in shares of CoreWeave by 13.1% in the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company's stock worth $437,870,000 after purchasing an additional 653,398 shares during the period. Amundi lifted its position in shares of CoreWeave by 266.2% in the 1st quarter. Amundi now owns 3,284,121 shares of the company's stock worth $254,421,000 after purchasing an additional 2,387,337 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of CoreWeave by 32.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,288,909 shares of the company's stock worth $199,410,000 after purchasing an additional 555,128 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CRWV. Northland Securities set a $200.00 price objective on shares of CoreWeave in a research report on Wednesday, October 7th. Truist Financial upped their target price on shares of CoreWeave from $155.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, August 24th. Robert W. Baird increased their price target on CoreWeave from $100.00 to $130.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 12th. Wells Fargo & Company raised their price target on CoreWeave from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Wednesday, August 12th. Finally, Piper Sandler lowered their price objective on CoreWeave from $153.00 to $124.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 21st. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $129.41.

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing company that provides infrastructure designed for artificial intelligence (AI), machine learning, and other high-performance computing workloads. Its platform gives customers access to accelerated computing resources, including graphics processing units (GPUs), along with the networking, storage, and software tools needed to develop, train, and deploy demanding applications.

The company offers cloud services for AI model training and inference, visual effects and rendering, scientific computing, and other data-intensive workloads.

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