Jack D. Cogen Sells 1,000,000 Shares of CoreWeave (NASDAQ:CRWV) Stock

Key Points

• Jack D. Cogen, a director at CoreWeave Inc., sold 1,000,000 shares of the company's stock for $100.2 million, reducing his ownership by 6.92%.
• CoreWeave reported a quarterly loss of ($0.27) EPS, missing analysts' expectations, but showed a significant year-over-year revenue growth of 206.7%.
• Analysts have varied opinions on CoreWeave, with ratings ranging from sell to strong buy, reflecting an average target price of $99.80.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) Director Jack D. Cogen sold 1,000,000 shares of the company's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $100.20, for a total transaction of $100,200,000.00. Following the completion of the transaction, the director owned 13,441,680 shares in the company, valued at approximately $1,346,856,336. The trade was a 6.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

CoreWeave Stock Performance

CoreWeave stock traded up $3.20 during mid-day trading on Friday, reaching $93.99. The stock had a trading volume of 33,884,907 shares, compared to its average volume of 22,930,838. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. The company's 50-day moving average price is $133.71. CoreWeave Inc. has a one year low of $33.51 and a one year high of $187.00.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The business had revenue of $1.21 million for the quarter. The business's quarterly 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.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Argus restated a "buy" rating and set a $200.00 target price on shares of CoreWeave in a research note on Thursday, August 14th. DA Davidson restated an "underperform" rating and set a $36.00 target price on shares of CoreWeave in a research note on Tuesday, June 10th. HSBC assumed coverage on shares of CoreWeave in a research note on Wednesday, July 16th. They set a "reduce" rating and a $32.00 target price on the stock. Hsbc Global Res upgraded shares of CoreWeave to a "moderate sell" rating in a research note on Thursday, July 17th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, CoreWeave currently has an average rating of "Hold" and a consensus target price of $107.05.

Hedge Funds Weigh In On CoreWeave

Several institutional investors have recently made changes to their positions in CRWV. Cisco Systems Inc. purchased a new stake in CoreWeave in the 2nd quarter worth approximately $173,493,000. Geode Capital Management LLC increased its holdings in CoreWeave by 142.6% in the 2nd quarter. Geode Capital Management LLC now owns 716,178 shares of the company's stock worth $116,809,000 after acquiring an additional 420,915 shares in the last quarter. Lmdagg L.L.C. purchased a new stake in CoreWeave in the 2nd quarter worth approximately $48,030,000. Sivia Capital Partners LLC purchased a new stake in CoreWeave in the 2nd quarter worth approximately $39,824,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in CoreWeave in the 2nd quarter worth approximately $34,284,000.

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.