CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CEO Michael Intrator sold 50,000 shares of the firm's stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $130.14, for a total value of $6,507,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
CoreWeave Stock Down 5.0%
Shares of NASDAQ CRWV traded down $6.32 during trading on Friday, reaching $120.34. 29,837,213 shares of the stock traded hands, compared to its average volume of 30,565,654. 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 Inc. has a 52-week low of $33.51 and a 52-week high of $187.00. The firm has a 50-day moving average of $110.86.
CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings data 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 firm's revenue was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.
Hedge Funds Weigh In On CoreWeave
A number of institutional investors have recently added to or reduced their stakes in the business. Costello Asset Management INC raised its position in shares of CoreWeave by 33.3% during the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company's stock valued at $65,000 after buying an additional 100 shares in the last quarter. Chelsea Counsel Co. purchased a new position in CoreWeave in the second quarter worth $33,000. Archer Investment Corp bought a new position in CoreWeave in the second quarter valued at $34,000. Chilton Capital Management LLC bought a new position in CoreWeave in the second quarter valued at $39,000. Finally, SOA Wealth Advisors LLC. raised its position in CoreWeave by 275.0% during the second quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company's stock valued at $61,000 after purchasing an additional 275 shares in the last quarter.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on CRWV. Mizuho restated a "neutral" rating and set a $150.00 price target (up from $70.00) on shares of CoreWeave in a research note on Tuesday, July 8th. Wells Fargo & Company raised shares of CoreWeave from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $105.00 to $170.00 in a report on Tuesday. Macquarie increased their target price on CoreWeave from $65.00 to $115.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $116.00 price target on shares of CoreWeave in a research report on Tuesday, September 16th. Finally, Melius upgraded CoreWeave from a "hold" rating to a "buy" rating and set a $165.00 price objective on the stock in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $124.96.
Check Out Our Latest Research Report on CoreWeave
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.
Further Reading
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