CoreWeave (NASDAQ:CRWV) CFO Nitin Agrawal Sells 3,512 Shares

Key Points

• CoreWeave CFO Nitin Agrawal sold 3,512 shares at an average price of $92.06, totaling approximately $323,314, reducing his ownership by 2.73% to 124,900 shares valued at around $11.5 million.
• The company's stock price recently increased by 6.0%, reaching $102.79 during midday trading, while its 50-day moving average is $129.32.
• CoreWeave's latest earnings report showed a 206.7% year-over-year revenue increase, with a loss of ($0.27) EPS, missing the expected consensus of ($0.20).

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CFO Nitin Agrawal sold 3,512 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $92.06, for a total value of $323,314.72. Following the sale, the chief financial officer owned 124,900 shares in the company, valued at approximately $11,498,294. This trade represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Nitin Agrawal also recently made the following trade(s):

• On Wednesday, August 20th, Nitin Agrawal sold 6,010 shares of CoreWeave stock. The shares were sold at an average price of $89.99, for a total value of $540,839.90.

CoreWeave Trading Up 6.0%

Shares of CRWV traded up $5.86 during midday trading on Thursday, hitting $102.79. The stock had a trading volume of 45,198,289 shares, compared to its average volume of 20,577,480. The company's 50 day moving average is $129.32. 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 Inc. has a 1 year low of $33.51 and a 1 year high of $187.00.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The company had revenue of $1.21 million for the quarter. The company'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.

Analyst Ratings Changes

A number of brokerages recently issued reports on CRWV. Wall Street Zen lowered CoreWeave from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Moffett Nathanson upped their price target on shares of CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, August 19th. Macquarie raised their price target on shares of CoreWeave from $65.00 to $115.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Needham & Company LLC reissued a "hold" rating on shares of CoreWeave in a research report on Wednesday, August 13th. Finally, Northland Securities boosted their price target on CoreWeave from $85.00 to $165.00 and gave the company an "outperform" rating in a 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 issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, CoreWeave presently has an average rating of "Hold" and an average price target of $107.45.

Hedge Funds Weigh In On CoreWeave

Large investors have recently made changes to their positions in the business. Nvidia Corp grew its stake in CoreWeave by 0.4% during the 2nd quarter. Nvidia Corp now owns 24,277,573 shares of the company's stock worth $3,958,701,000 after buying an additional 95,113 shares during the last quarter. Cisco Systems Inc. acquired a new stake in CoreWeave in the second quarter worth about $173,493,000. Geode Capital Management LLC grew its stake in shares of CoreWeave by 142.6% during the second quarter. Geode Capital Management LLC now owns 716,178 shares of the company's stock worth $116,809,000 after acquiring an additional 420,915 shares during the last quarter. Lmdagg L.L.C. acquired a new position in shares of CoreWeave during the second quarter valued at about $48,030,000. Finally, Sivia Capital Partners LLC acquired a new position in shares of CoreWeave during the second quarter valued at about $39,824,000.

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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