CoreWeave (NASDAQ:CRWV) Insider Sells $21,390,707.13 in Stock

Key Points

• CoreWeave insider Brian Venturo sold 154,479 shares for a total of $21.39 million at an average price of $138.47 on October 15th.
• Following the sale, CoreWeave's stock price declined by 3.4%, closing at $136.87 on the trading day.
• CoreWeave reported a 206.7% year-over-year growth in revenue despite missing the quarterly earnings consensus estimate.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Brian Venturo sold 154,479 shares of the business's stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $138.47, for a total value of $21,390,707.13. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

CoreWeave Trading Down 3.4%

CRWV stock traded down $4.87 during trading hours on Friday, hitting $136.87. 30,203,619 shares of the stock were exchanged, compared to its average volume of 23,242,031. CoreWeave Inc. has a 12 month low of $33.51 and a 12 month high of $187.00. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. The company has a 50-day simple moving average of $116.94 and a two-hundred day simple moving average of $107.65.

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 the consensus estimate of ($0.20) by ($0.07). The business had revenue of $1.21 million for the quarter. The firm'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.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CRWV shares. Needham & Company LLC reaffirmed a "hold" rating on shares of CoreWeave in a research note on Wednesday, August 13th. Northland Securities lifted their price objective on shares of CoreWeave from $85.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Bank of America decreased their price target on CoreWeave from $185.00 to $168.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 13th. Wells Fargo & Company upgraded CoreWeave from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $105.00 to $170.00 in a research report on Tuesday, September 23rd. Finally, JMP Securities raised shares of CoreWeave from a "market perform" rating to a "market outperform" rating and set a $180.00 target price for the company in a report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, CoreWeave currently has an average rating of "Moderate Buy" and a consensus price target of $127.64.

Hedge Funds Weigh In On CoreWeave

A number of hedge funds have recently bought and sold shares of the company. Nvidia Corp boosted its position in CoreWeave by 0.4% during the second quarter. Nvidia Corp now owns 24,277,573 shares of the company's stock valued at $3,958,701,000 after acquiring an additional 95,113 shares during the last quarter. Cisco Systems Inc. acquired a new stake in CoreWeave during the second quarter worth approximately $173,493,000. Voya Investment Management LLC bought a new stake in CoreWeave in the third quarter worth approximately $110,562,000. Geode Capital Management LLC lifted its stake in 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 during the period. Finally, Munro Partners grew its position in shares of CoreWeave by 5,272.4% during the 3rd quarter. Munro Partners now owns 616,485 shares of the company's stock worth $84,366,000 after buying an additional 605,010 shares during the period.

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.

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