Insider Selling: CoreWeave (NASDAQ:CRWV) CFO Sells 38,422 Shares of 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 that occurred on Tuesday, September 16th. The stock was sold at an average price of $118.18, for a total transaction of $4,540,711.96. Following the transaction, the chief financial officer owned 145,588 shares in the company, valued at $17,205,589.84. The trade was a 20.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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 Trading Up 2.9%

NASDAQ CRWV traded up $3.47 during trading hours 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 stock has a fifty day moving average of $111.39. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month 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.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its 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 business had revenue of $1.21 million for the quarter. The firm's quarterly revenue 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.

Analyst Upgrades and Downgrades

CRWV has been the subject of several research reports. Cantor Fitzgerald reissued an "overweight" rating and set a $116.00 price objective on shares of CoreWeave in a research report on Tuesday. Wall Street Zen cut shares of CoreWeave from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Hsbc Global Res upgraded shares of CoreWeave to a "moderate sell" rating in a report on Thursday, July 17th. Citizens Jmp upgraded shares of CoreWeave from a "market perform" rating to an "outperform" rating and set a $180.00 target price for the company in a report on Tuesday. Finally, Bank of America reduced their target price on shares of CoreWeave from $185.00 to $168.00 and set a "neutral" rating for the company in a report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $116.12.

Institutional Trading of CoreWeave

A number of large investors have recently added to or reduced their stakes in the company. Centaurus Financial Inc. acquired a new stake in shares of CoreWeave during the 2nd quarter worth about $138,000. Squarepoint Ops LLC acquired a new stake in shares of CoreWeave during the 2nd quarter worth about $629,000. Munro Partners acquired a new stake in shares of CoreWeave during the 2nd quarter worth about $1,871,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of CoreWeave during the 2nd quarter worth about $467,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of CoreWeave during the 2nd quarter worth about $1,019,000.

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.