CoreWeave (NASDAQ:CRWV) CFO Sells $4,540,711.96 in Stock

Key Points

• Nitin Agrawal, CFO of CoreWeave, sold 38,422 shares for approximately $4.54 million, resulting in a 20.88% decrease of his holdings in the company.
• CoreWeave's stock price increased by $0.53 to reach $121.39, with a significant 1-year price range between $33.51 and $187.00.
• Recently, several analysts set new price targets for CoreWeave, with some maintaining "buy" ratings and a target price as high as $200.00.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CFO Nitin Agrawal sold 38,422 shares of the company's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $118.18, for a total transaction of $4,540,711.96. Following the completion of the sale, the chief financial officer directly owned 145,588 shares in the company, valued at approximately $17,205,589.84. The trade was a 20.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, September 11th, Nitin Agrawal sold 63,230 shares of CoreWeave stock. The shares were sold at an average price of $115.29, for a total transaction of $7,289,786.70.
• On Tuesday, August 26th, Nitin Agrawal sold 3,512 shares of CoreWeave stock. The shares were sold at an average price of $92.06, for a total transaction of $323,314.72.
• 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 transaction of $540,839.90.

CoreWeave Price Performance

NASDAQ:CRWV traded up $3.47 during mid-day trading on Friday, hitting $124.86. The company's stock had a trading volume of 47,485,909 shares, compared to its average volume of 28,094,886. The business's fifty day moving average price is $111.39. 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 quick ratio of 0.52 and a current ratio of 0.52.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.21 million for the quarter. CoreWeave's revenue for the quarter 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 Upgrades and Downgrades

A number of brokerages have weighed in on CRWV. Hsbc Global Res upgraded shares of CoreWeave to a "moderate sell" rating in a research report on Thursday, July 17th. Macquarie upped their price objective on shares of CoreWeave from $65.00 to $115.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $116.00 price objective on shares of CoreWeave in a research report on Tuesday, September 16th. Barclays upped their price target on shares of CoreWeave from $100.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Finally, Raymond James Financial assumed coverage on shares of CoreWeave in a research report on Monday, September 15th. They set an "outperform" rating and a $130.00 price target for the company. 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 issued a Sell rating to the stock. According to MarketBeat, CoreWeave presently has an average rating of "Hold" and an average price target of $116.12.

Hedge Funds Weigh In On CoreWeave

A number of hedge funds have recently made changes to their positions in CRWV. Chelsea Counsel Co. purchased a new position in shares of CoreWeave during the 2nd quarter worth approximately $33,000. Archer Investment Corp purchased a new position in shares of CoreWeave during the 2nd quarter worth approximately $34,000. Chilton Capital Management LLC purchased a new position in shares of CoreWeave during the 2nd quarter worth approximately $39,000. TD Waterhouse Canada Inc. acquired a new stake in CoreWeave during the 2nd quarter worth approximately $47,000. Finally, Montag A & Associates Inc. acquired a new stake in CoreWeave during the 2nd quarter worth approximately $49,000.

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.