CoreWeave (NASDAQ:CRWV) Insider Brannin Mcbee Sells 157,903 Shares

Key Points

• CoreWeave insider Brannin Mcbee sold 157,903 shares at an average price of $138.59, resulting in a total transaction value of approximately $21.88 million, which decreased his ownership in the company by 46.02%.
• The stock price of CoreWeave has recently increased by 0.7%, trading at $138.00 with a volume of over 21 million shares.
• CoreWeave's latest quarterly earnings report showed a revenue increase of 206.7% year-over-year, although they reported a loss of ($0.27) EPS, missing the consensus estimate.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Brannin Mcbee sold 157,903 shares of the business's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $138.59, for a total transaction of $21,883,776.77. Following the transaction, the insider owned 185,181 shares in the company, valued at approximately $25,664,234.79. This represents a 46.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Brannin Mcbee also recently made the following trade(s):

• On Tuesday, September 30th, Brannin Mcbee sold 150,000 shares of CoreWeave stock. The shares were sold at an average price of $138.10, for a total transaction of $20,715,000.00.
• On Tuesday, September 23rd, Brannin Mcbee sold 375,000 shares of CoreWeave stock. The shares were sold at an average price of $131.83, for a total transaction of $49,436,250.00.
• On Tuesday, September 23rd, Brannin Mcbee sold 250,000 shares of CoreWeave stock. The shares were sold at an average price of $131.83, for a total transaction of $32,957,500.00.
• On Tuesday, September 16th, Brannin Mcbee sold 375,000 shares of CoreWeave stock. The shares were sold at an average price of $118.17, for a total transaction of $44,313,750.00.
• On Tuesday, September 16th, Brannin Mcbee sold 250,000 shares of CoreWeave stock. The shares were sold at an average price of $118.17, for a total transaction of $29,542,500.00.
• On Tuesday, September 9th, Brannin Mcbee sold 375,000 shares of CoreWeave stock. The shares were sold at an average price of $99.47, for a total transaction of $37,301,250.00.
• On Tuesday, September 9th, Brannin Mcbee sold 250,000 shares of CoreWeave stock. The stock was sold at an average price of $99.47, for a total transaction of $24,867,500.00.
• On Tuesday, September 2nd, Brannin Mcbee sold 375,000 shares of CoreWeave stock. The shares were sold at an average price of $93.17, for a total transaction of $34,938,750.00.
• On Tuesday, September 2nd, Brannin Mcbee sold 250,000 shares of CoreWeave stock. The stock was sold at an average price of $93.17, for a total transaction of $23,292,500.00.
• On Tuesday, August 26th, Brannin Mcbee sold 270,705 shares of CoreWeave stock. The stock was sold at an average price of $92.32, for a total transaction of $24,991,485.60.

CoreWeave Stock Up 0.7%

NASDAQ CRWV traded up $0.95 during trading on Thursday, hitting $138.00. The company had a trading volume of 21,499,154 shares, compared to its average volume of 34,054,084. The stock has a fifty day simple moving average of $111.53. 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 one year low of $33.51 and a one year high of $187.00.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings data 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 business's 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 topic of a number of research analyst reports. Northland Securities boosted their price target on CoreWeave from $85.00 to $165.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Arete Research upgraded CoreWeave from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 21st. Evercore ISI initiated coverage on CoreWeave in a research note on Tuesday. They set an "outperform" rating and a $175.00 price target on the stock. Melius Research set a $165.00 price objective on CoreWeave and gave the stock a "buy" rating in a report on Tuesday, September 23rd. Finally, Barclays lifted their price objective on CoreWeave from $100.00 to $140.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, CoreWeave presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.64.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CRWV. Chelsea Counsel Co. acquired a new stake in CoreWeave during the second quarter valued at approximately $33,000. Archer Investment Corp bought a new stake in shares of CoreWeave in the 2nd quarter valued at $34,000. Chilton Capital Management LLC acquired a new position in CoreWeave in the 2nd quarter worth $39,000. Montag A & Associates Inc. acquired a new position in shares of CoreWeave during the 2nd quarter worth about $49,000. Finally, TD Waterhouse Canada Inc. acquired a new position in shares of CoreWeave during the 2nd quarter worth about $47,000.

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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