CoreWeave (NASDAQ:CRWV) Insider Sells 2,292 Shares

Key Points

• Insider Activity: CoreWeave insider Kristen Mcveety sold 2,292 shares at an average price of $89.97, reducing their ownership by 35.40% to 4,183 shares.
• Quarterly Earnings Report: The company reported a quarterly loss of ($0.27) EPS, missing estimates, but saw a significant revenue increase of 206.7% year-over-year, totaling $1.21 million.
• Analyst Ratings and Price Targets: Multiple analysts have a consensus "Hold" rating for CoreWeave, with price targets ranging from $65.00 to $165.00, reflecting varied outlooks on the stock's future performance.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Kristen Mcveety sold 2,292 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $89.97, for a total transaction of $206,211.24. Following the completion of the transaction, the insider directly owned 4,183 shares in the company, valued at $376,344.51. This trade represents a 35.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

CoreWeave Price Performance

NASDAQ CRWV traded up $3.20 during trading on Friday, hitting $93.99. 33,884,907 shares of the company traded hands, compared to its average volume of 22,930,838. CoreWeave Inc. has a 12 month low of $33.51 and a 12 month high of $187.00. The business's fifty day simple moving average is $133.71. 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 released its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The firm had revenue of $1.21 million for the quarter. CoreWeave'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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CRWV shares. Moffett Nathanson upped their price target on shares of CoreWeave from $56.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday. Citizens Jmp raised CoreWeave to a "hold" rating in a research report on Thursday, May 22nd. Northland Securities lifted their price target on CoreWeave from $85.00 to $165.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. JMP Securities started coverage on CoreWeave in a report on Thursday, May 22nd. They set a "market perform" rating for the company. Finally, Stifel Nicolaus increased their price objective on CoreWeave from $115.00 to $120.00 and gave the company a "hold" rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $107.05.

Hedge Funds Weigh In On CoreWeave

Hedge funds have recently modified their holdings of the stock. Cisco Systems Inc. bought a new position in CoreWeave during the 2nd quarter valued at about $173,493,000. Geode Capital Management LLC increased its holdings in shares of CoreWeave by 142.6% during the second quarter. Geode Capital Management LLC now owns 716,178 shares of the company's stock worth $116,809,000 after buying an additional 420,915 shares in the last quarter. Lmdagg L.L.C. acquired a new stake in shares of CoreWeave during the second quarter worth approximately $48,030,000. Sivia Capital Partners LLC bought a new position in shares of CoreWeave in the second quarter valued at approximately $39,824,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in shares of CoreWeave in the second quarter valued at approximately $34,284,000.

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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