CoreWeave (NASDAQ:CRWV) CEO Sells $5,916,500.00 in Stock

Key Points

• CoreWeave CEO Michael Intrator sold 50,000 shares of the company's stock for a total of $5,916,500.00 on September 10th, with shares priced at an average of $118.33.
• CoreWeave reported a loss of ($0.27) earnings per share for the recent quarter, which missed consensus estimates and has seen a revenue increase of 206.7% year-over-year.
• The company's stock has fluctuated significantly, with a 1-year low of $33.51 and a 1-year high of $187.00, while the current trading price was around $111.96.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CEO Michael Intrator sold 50,000 shares of CoreWeave stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $118.33, for a total value of $5,916,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

CoreWeave Stock Performance

Shares of NASDAQ CRWV traded down $0.73 during midday trading on Friday, hitting $111.96. The stock had a trading volume of 32,480,398 shares, compared to its average volume of 29,738,816. CoreWeave Inc. has a 1-year low of $33.51 and a 1-year high of $187.00. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. The business has a fifty day moving average of $113.83.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate 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% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Institutional Investors Weigh In On CoreWeave

Several hedge funds have recently bought and sold shares of the business. Nvidia Corp lifted its stake in CoreWeave by 0.4% in the 2nd quarter. Nvidia Corp now owns 24,277,573 shares of the company's stock worth $3,958,701,000 after acquiring an additional 95,113 shares in the last quarter. Cisco Systems Inc. purchased a new stake in CoreWeave in the 2nd quarter worth about $173,493,000. Geode Capital Management LLC raised its stake in shares of CoreWeave by 142.6% during the 2nd quarter. Geode Capital Management LLC now owns 716,178 shares of the company's stock worth $116,809,000 after purchasing an additional 420,915 shares in the last quarter. Lmdagg L.L.C. purchased a new stake in shares of CoreWeave during the 2nd quarter worth about $48,030,000. Finally, Sivia Capital Partners LLC purchased a new stake in shares of CoreWeave during the 2nd quarter worth about $39,824,000.

Analyst Upgrades and Downgrades

Several research firms recently commented on CRWV. HSBC began coverage on CoreWeave in a research report on Wednesday, July 16th. They set a "reduce" rating and a $32.00 price target on the stock. The Goldman Sachs Group boosted their price target on CoreWeave from $54.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Arete raised CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 target price on the stock in a research report on Thursday, August 21st. Bank of America cut their target price on CoreWeave from $185.00 to $168.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 13th. Finally, Northland Securities upped their target price on CoreWeave from $85.00 to $165.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Two research 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 issued a Sell rating to the stock. According to data from MarketBeat, CoreWeave has a consensus rating of "Hold" and a consensus target price of $107.45.

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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