CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CEO Michael N. Intrator sold 32,455 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $95.65, for a total transaction of $3,104,320.75. Following the completion of the sale, the chief executive officer owned 7,153,330 shares in the company, valued at approximately $684,216,014.50. This trade represents a 0.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
CoreWeave Stock Performance
Shares of CoreWeave stock traded up $0.25 during trading on Friday, reaching $103.04. The company had a trading volume of 23,912,054 shares, compared to its average volume of 26,752,260. The firm's fifty day simple moving average is $126.36. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. CoreWeave Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00.
CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (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. CoreWeave's revenue for the quarter 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 Investors Weigh In On CoreWeave
Large investors have recently made changes to their positions in the company. Chelsea Counsel Co. acquired a new stake in shares of CoreWeave in the second quarter valued at approximately $33,000. Archer Investment Corp acquired a new stake in shares of CoreWeave in the second quarter valued at approximately $34,000. Chilton Capital Management LLC acquired a new stake in shares of CoreWeave in the second quarter valued at approximately $39,000. TD Waterhouse Canada Inc. acquired a new stake in shares of CoreWeave in the second quarter valued at approximately $47,000. Finally, Montag A & Associates Inc. acquired a new stake in shares of CoreWeave in the second quarter valued at approximately $49,000.
Analyst Upgrades and Downgrades
CRWV has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their target price on shares of CoreWeave from $54.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. HSBC initiated coverage on shares of CoreWeave in a report on Wednesday, July 16th. They issued a "reduce" rating and a $32.00 price target for the company. JMP Securities initiated coverage on shares of CoreWeave in a research note on Thursday, May 22nd. They set a "market perform" rating on the stock. JPMorgan Chase & Co. raised their target price on shares of CoreWeave from $43.00 to $66.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Finally, Wall Street Zen downgraded CoreWeave from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, CoreWeave presently has an average rating of "Hold" and an average price target of $107.45.
Check Out Our Latest Research Report on CRWV
About CoreWeave
(
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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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