Brannin Mcbee Sells 375,000 Shares of CoreWeave (NASDAQ:CRWV) Stock

Key Points

• Brannin Mcbee, an insider at CoreWeave Inc., sold 375,000 shares of the company's stock on September 9th for a total of $37.3 million, at an average price of $99.47 per share.
• CoreWeave's stock price experienced volatility, trading down to $112.69 after reaching $187.00 at its fifty-two week high, reflecting a current average price of $114.89.
• Analysts have mixed ratings on CoreWeave, with a consensus rating of "Hold" and an average price target of $107.45.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Brannin Mcbee sold 375,000 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $99.47, for a total transaction of $37,301,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, September 9th, Brannin Mcbee sold 250,000 shares of CoreWeave stock. The shares were sold at an average price of $99.47, for a total transaction of $24,867,500.00.
• On Tuesday, September 2nd, Brannin Mcbee sold 375,000 shares of CoreWeave stock. The stock was sold at an average price of $93.17, for a total transaction of $34,938,750.00.
• 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 transaction 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 transaction of $34,391,250.00.
• On Tuesday, August 19th, Brannin Mcbee sold 250,000 shares of CoreWeave stock. The stock was sold at an average price of $91.71, for a total value of $22,927,500.00.

CoreWeave Price Performance

Shares of CRWV traded down $4.45 during mid-day trading on Thursday, hitting $112.69. The stock had a trading volume of 25,039,744 shares, compared to its average volume of 31,039,610. CoreWeave Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The company's fifty day moving average price is $114.89. 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 (NASDAQ:CRWV - Get Free Report) last released 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 company had revenue of $1.21 million during the quarter. The company's revenue for the quarter 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.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Cantor Fitzgerald began coverage on CoreWeave in a report on Tuesday, August 26th. They set an "overweight" rating and a $116.00 price objective for the company. Needham & Company LLC restated a "hold" rating on shares of CoreWeave in a research report on Wednesday, August 13th. Wells Fargo & Company raised their price objective on shares of CoreWeave from $60.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 13th. Stifel Nicolaus boosted their price objective on CoreWeave from $115.00 to $120.00 and gave the company a "hold" rating in a report on Wednesday, August 13th. Finally, Northland Securities raised their price objective on CoreWeave from $85.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Two 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 given a Sell rating to the company. According to data from MarketBeat.com, CoreWeave presently has a consensus rating of "Hold" and an average price target of $107.45.

Institutional Trading of CoreWeave

A number of institutional investors and hedge funds have recently modified their holdings of CRWV. Costello Asset Management INC boosted its stake in CoreWeave by 33.3% during the second quarter. Costello Asset Management INC now owns 400 shares of the company's stock worth $65,000 after buying an additional 100 shares during the period. Chelsea Counsel Co. purchased a new stake in shares of CoreWeave during the 2nd quarter valued at $33,000. Archer Investment Corp acquired a new stake in CoreWeave in the 2nd quarter worth approximately $34,000. Chilton Capital Management LLC purchased a new position in shares of CoreWeave in the second quarter worth about $39,000. Finally, SOA Wealth Advisors LLC. boosted its holdings in CoreWeave by 275.0% in 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 during the last quarter.

CoreWeave Company Profile

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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