CoreWeave (NASDAQ:CRWV) Insider Sells $29,686,097.16 in Stock

Key Points

• CoreWeave insider Kristen Mcveety sold 311,796 shares of the company on August 27th, totaling approximately $29.7 million in transactions at an average price of $95.21 per share.
• The company's quarterly earnings report showed a loss of ($0.27) EPS, missing the consensus estimate, despite a significant revenue increase of 206.7% from the same quarter last year.
• Analysts have mixed views on CoreWeave, with a consensus rating of "Hold" and a price target averaging $107.45, while individual ratings range from "Strong Buy" to "Sell."

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Kristen J. Mcveety sold 311,796 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $95.21, for a total value of $29,686,097.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

CoreWeave Price Performance

Shares of CRWV stock traded up $0.25 during trading hours on Friday, reaching $103.04. The company's stock had a trading volume of 23,912,054 shares, compared to its average volume of 26,752,260. CoreWeave Inc. has a one year low of $33.51 and a one year high of $187.00. The business's fifty day moving average is $126.36. 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 issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The firm had revenue of $1.21 million during the quarter. CoreWeave's quarterly revenue was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Institutional Investors Weigh In On CoreWeave

Hedge funds have recently added to or reduced their stakes in the stock. Chelsea Counsel Co. bought a new stake in CoreWeave in the second quarter worth $33,000. Archer Investment Corp purchased a new position in shares of CoreWeave in the second quarter worth $34,000. Chilton Capital Management LLC purchased a new position in shares of CoreWeave in the second quarter worth $39,000. TD Waterhouse Canada Inc. purchased a new position in shares of CoreWeave in the second quarter worth $47,000. Finally, Montag A & Associates Inc. purchased a new position in shares of CoreWeave in the second quarter worth $49,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CRWV shares. Stifel Nicolaus lifted their price target on CoreWeave from $115.00 to $120.00 and gave the company a "hold" rating in a research report on Wednesday, August 13th. Citigroup upgraded CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 price target on the stock in a research report on Thursday, July 31st. Needham & Company LLC restated a "hold" rating on shares of CoreWeave in a research report on Wednesday, August 13th. JMP Securities assumed coverage on CoreWeave in a research report on Thursday, May 22nd. They set a "market perform" rating on the stock. Finally, Bank of America dropped their price target on CoreWeave from $185.00 to $168.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, CoreWeave presently has an average rating of "Hold" and a consensus price target of $107.45.

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.