Brannin Mcbee Sells 270,705 Shares of CoreWeave (NASDAQ:CRWV) Stock

Key Points

• Brannin Mcbee, an insider at CoreWeave, sold a total of 270,705 shares on August 26th at an average price of $92.32, resulting in a transaction value of approximately $24.99 million.
• CoreWeave's stock price increased by 6.0% to reach $102.79, with over 45 million shares traded compared to its average volume of around 20 million.
• CoreWeave reported earnings of ($0.27) per share, missing expectations, despite a significant year-over-year revenue growth of 206.7%.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Brannin Mcbee sold 270,705 shares of the company's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $92.32, for a total transaction of $24,991,485.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Brannin Mcbee also recently made the following trade(s):

• On Tuesday, August 26th, Brannin Mcbee sold 250,000 shares of CoreWeave stock. The stock was sold at an average price of $91.99, for a total transaction of $22,997,500.00.
• On Tuesday, August 19th, Brannin Mcbee sold 375,000 shares of CoreWeave stock. The shares were sold at an average price of $91.71, for a total value of $34,391,250.00.
• On Tuesday, August 19th, Brannin Mcbee sold 250,000 shares of CoreWeave stock. The shares were sold at an average price of $91.71, for a total value of $22,927,500.00.

CoreWeave Trading Up 6.0%

NASDAQ CRWV traded up $5.86 during trading on Thursday, reaching $102.79. 45,198,289 shares of the company's stock were exchanged, compared to its average volume of 20,577,480. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79. CoreWeave Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The stock has a fifty day moving average price of $129.32.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The firm had revenue of $1.21 million during the quarter. The firm'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 Trading of CoreWeave

Several large investors have recently modified their holdings of CRWV. Chelsea Counsel Co. acquired a new position in CoreWeave in the 2nd quarter valued at $33,000. Archer Investment Corp bought a new stake in CoreWeave during the second quarter valued at about $34,000. Chilton Capital Management LLC acquired a new stake in shares of CoreWeave in the second quarter valued at about $39,000. TD Waterhouse Canada Inc. bought a new position in shares of CoreWeave in the second quarter worth about $47,000. Finally, Montag A & Associates Inc. bought a new position in shares of CoreWeave in the second quarter worth about $49,000.

Wall Street Analysts Forecast Growth

CRWV has been the topic of a number of recent research reports. Bank of America lowered their target price on CoreWeave from $185.00 to $168.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 13th. The Goldman Sachs Group boosted their price target on CoreWeave from $54.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. JMP Securities initiated coverage on CoreWeave in a report on Thursday, May 22nd. They issued a "market perform" rating on the stock. Barclays lifted their target price on shares of CoreWeave from $100.00 to $140.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Finally, Moffett Nathanson boosted their target price on shares of CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, CoreWeave has a consensus rating of "Hold" and a consensus price target of $107.45.

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.

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