CoreWeave Inc.'s Lock-Up Period Set To Expire on September 24th (NASDAQ:CRWV)

Key Points

• CoreWeave's lock-up period expires on September 24th, allowing insiders to sell shares for the first time since their public offering of 37.5 million shares in March 2023.
• Analysts' price targets for CoreWeave (NASDAQ:CRWV) vary widely, with estimates ranging from $36.00 to $185.00, reflecting differing views on the company's growth potential.
• The company's stock has experienced recent volatility, currently trading around $118.75, and showing a 52-week high of $187.00 and a low of $33.51.

CoreWeave's (NASDAQ:CRWV - Get Free Report) lock-up period will end on Wednesday, September 24th. CoreWeave had issued 37,500,000 shares in its public offering on March 28th. The total size of the offering was $1,500,000,000 based on an initial share price of $40.00. After the end of CoreWeave's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CRWV shares. Cantor Fitzgerald reiterated an "overweight" rating and issued a $116.00 price target on shares of CoreWeave in a research note on Tuesday. DA Davidson reiterated an "underperform" rating and issued a $36.00 price target on shares of CoreWeave in a research note on Tuesday, June 10th. Moffett Nathanson increased their price target on shares of CoreWeave from $56.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, August 19th. Bank of America dropped their price target on shares of CoreWeave from $185.00 to $168.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 13th. Finally, Raymond James Financial began coverage on shares of CoreWeave in a research report on Monday. They set an "outperform" rating and a $130.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, CoreWeave has a consensus rating of "Hold" and an average price target of $114.16.

CoreWeave Stock Down 1.4%

Shares of CRWV opened at $118.75 on Wednesday. The firm has a 50 day simple moving average of $112.39. 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 has a 52-week low of $33.51 and a 52-week high of $187.00.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued 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 company had revenue of $1.21 million during 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.

Insider Buying and Selling at CoreWeave

In other news, major shareholder Magnetar Financial Llc sold 204,416 shares of the company's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $118.05, for a total transaction of $24,131,308.80. Following the completion of the sale, the insider directly owned 387,133 shares of the company's stock, valued at $45,701,050.65. This represents a 34.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian M. Venturo sold 281,250 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $90.62, for a total value of $25,486,875.00. The disclosure for this sale can be found here. Insiders sold a total of 9,831,764 shares of company stock valued at $981,444,059 over the last 90 days.

Institutional Trading of CoreWeave

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Chelsea Counsel Co. acquired a new stake in CoreWeave in the 2nd quarter valued at approximately $33,000. Archer Investment Corp bought a new position in CoreWeave in the 2nd quarter valued at $34,000. Chilton Capital Management LLC bought a new position in CoreWeave in the 2nd quarter valued at $39,000. TD Waterhouse Canada Inc. bought a new position in CoreWeave in the 2nd quarter valued at $47,000. Finally, Montag A & Associates Inc. bought a new stake in shares of CoreWeave during the second quarter worth $49,000.

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.

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