CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Brannin Mcbee sold 375,000 shares of CoreWeave stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $93.17, for a total transaction of $34,938,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Brannin Mcbee also recently made the following trade(s):
- On Tuesday, September 2nd, Brannin Mcbee sold 250,000 shares of CoreWeave stock. The stock was sold at an average price of $93.17, for a total value of $23,292,500.00.
- On Tuesday, August 26th, Brannin Mcbee sold 270,705 shares of CoreWeave stock. The shares were sold at an average price of $92.32, for a total value of $24,991,485.60.
- 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 value of $22,997,500.00.
- On Tuesday, August 19th, Brannin Mcbee sold 375,000 shares of CoreWeave stock. The stock was 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 transaction of $22,927,500.00.
CoreWeave Price Performance
CRWV traded down $2.40 during trading on Thursday, reaching $87.48. 17,737,545 shares of the stock were exchanged, compared to its average volume of 20,676,246. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79. The business's 50 day moving average price is $121.97. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month high of $187.00.
CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) 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 quarterly 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.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. DA Davidson restated an "underperform" rating and issued a $36.00 price objective on shares of CoreWeave in a research note on Tuesday, June 10th. Arete Research upgraded CoreWeave from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Stifel Nicolaus upped their price objective on shares of CoreWeave from $115.00 to $120.00 and gave the company a "hold" rating in a report on Wednesday, August 13th. JMP Securities began coverage on shares of CoreWeave in a research report on Thursday, May 22nd. They issued a "market perform" rating on the stock. Finally, Mizuho reaffirmed a "neutral" rating and set a $150.00 target price (up previously from $70.00) on shares of CoreWeave in a report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $107.45.
Check Out Our Latest Stock Analysis on CoreWeave
Institutional Trading of CoreWeave
Several hedge funds and other institutional investors have recently bought and sold shares of CRWV. Chelsea Counsel Co. acquired a new position in shares of CoreWeave during the 2nd quarter worth 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 bought 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 CoreWeave during the second quarter worth approximately $47,000. Finally, Montag A & Associates Inc. bought a new position in CoreWeave during the 2nd quarter worth $49,000.
About CoreWeave
(
Get Free Report)
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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