CoreWeave Inc.'s Lock-Up Period Set To End 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 is set to end on Wednesday, September 24th. CoreWeave had issued 37,500,000 shares in its IPO on March 28th. The total size of the offering was $1,500,000,000 based on an initial share price of $40.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Raymond James Financial assumed coverage on CoreWeave in a report on Monday. They issued an "outperform" rating and a $130.00 price objective on the stock. Macquarie raised their price target on CoreWeave from $65.00 to $115.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. HC Wainwright upgraded CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price target on the stock in a research note on Thursday, August 21st. Argus restated a "buy" rating and set a $200.00 price target on shares of CoreWeave in a research note on Thursday, August 14th. Finally, Needham & Company LLC restated a "hold" rating on shares of CoreWeave in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $116.12.

CoreWeave Stock Performance

CRWV stock traded up $3.47 during midday trading on Friday, hitting $124.86. 47,485,909 shares of the stock were exchanged, compared to its average volume of 28,094,886. CoreWeave has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The stock's 50-day moving average is $111.39. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly 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. CoreWeave'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.

Insider Transactions at CoreWeave

In other news, insider Brannin Mcbee sold 375,000 shares of the company's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $118.17, for a total value of $44,313,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Nitin Agrawal sold 38,422 shares of the company's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $118.18, for a total value of $4,540,711.96. Following the completion of the sale, the chief financial officer directly owned 145,588 shares of the company's stock, valued at $17,205,589.84. The trade was a 20.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,056,704 shares of company stock worth $1,367,589,383 in the last three months.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL bought a new position in CoreWeave during the 1st quarter worth approximately $318,000. Cisco Systems Inc. bought a new position in CoreWeave during the 2nd quarter worth approximately $173,493,000. Howard Financial Services LTD. bought a new stake in shares of CoreWeave in the 2nd quarter worth approximately $489,000. Sivia Capital Partners LLC bought a new stake in shares of CoreWeave in the 2nd quarter worth approximately $39,824,000. Finally, Fox Hill Wealth Management bought a new stake in shares of CoreWeave in the 2nd quarter worth approximately $858,000.

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.