CoreWeave (NASDAQ:CRWV) CFO Nitin Agrawal Sells 63,230 Shares

Key Points

• Nitin Agrawal, CFO of CoreWeave, sold 63,230 shares at an average price of $115.29, totaling approximately $7.29 million, which represents a 25.57% decrease in his ownership of the stock.
• CoreWeave reported a loss of $0.27 per share in its recent quarterly earnings, missing estimates, but its revenue grew by 206.7% year-over-year.
• The company's stock has a 1-year range between $33.51 and $187.00, with its recent trading performance seeing a rise to $120.47.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CFO Nitin Agrawal sold 63,230 shares of CoreWeave stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $115.29, for a total transaction of $7,289,786.70. Following the transaction, the chief financial officer directly owned 184,010 shares of the company's stock, valued at approximately $21,214,512.90. This trade represents a 25.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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

CoreWeave stock traded up $8.51 during trading on Monday, reaching $120.47. The company had a trading volume of 37,414,962 shares, compared to its average volume of 28,733,280. The company has a 50-day moving average of $113.05. 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 released its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The company had revenue of $1.21 million for 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 large investors have recently modified their holdings of CRWV. Nvidia Corp raised its position in CoreWeave by 0.4% in the second 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 position in shares of CoreWeave in the second quarter valued at $173,493,000. Geode Capital Management LLC increased its position in shares of CoreWeave by 142.6% in the second quarter. Geode Capital Management LLC now owns 716,178 shares of the company's stock valued at $116,809,000 after buying an additional 420,915 shares in the last quarter. Lmdagg L.L.C. purchased a new position in shares of CoreWeave in the second quarter valued at $48,030,000. Finally, Sivia Capital Partners LLC purchased a new position in shares of CoreWeave in the second quarter valued at $39,824,000.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. HC Wainwright raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 target price on the stock in a research note on Thursday, August 21st. DA Davidson reaffirmed an "underperform" rating and set a $36.00 target price on shares of CoreWeave in a research note on Tuesday, June 10th. Macquarie lifted their target price 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. Hsbc Global Res raised shares of CoreWeave to a "moderate sell" rating in a research note on Thursday, July 17th. Finally, Needham & Company LLC reissued a "hold" rating on shares of CoreWeave in a research report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $108.43.

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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