CoreWeave (NASDAQ:CRWV) Insider Sells $34,391,250.00 in Stock

Key Points

• CoreWeave insider Brannin Mcbee sold 375,000 shares of the company at an average price of $91.71, resulting in a total transaction value of $34,391,250.00.
• The company's recent quarterly earnings report showed a loss of ($0.27) per share, missing expectations, despite a significant revenue increase of 206.7% compared to the same quarter last year.
• Analysts have varied ratings on CoreWeave, with a consensus rating of "Hold" and a target price of $107.05, highlighting mixed outlooks for the company's stock performance.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Brannin Mcbee sold 375,000 shares of CoreWeave stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $91.71, for a total transaction of $34,391,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Tuesday, August 19th, Brannin Mcbee sold 250,000 shares of CoreWeave stock. The shares were sold at an average price of $91.71, for a total transaction of $22,927,500.00.

CoreWeave Trading Down 0.8%

NASDAQ CRWV traded down $0.73 during trading on Thursday, reaching $90.79. The company's stock had a trading volume of 27,128,844 shares, compared to its average volume of 20,176,836. 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 Inc. has a twelve month low of $33.51 and a twelve month high of $187.00. The business's fifty day moving average is $135.94.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (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 company'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.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of CoreWeave in a research report on Wednesday, August 13th. Hsbc Global Res upgraded shares of CoreWeave to a "moderate sell" rating in a research report on Thursday, July 17th. Moffett Nathanson raised their target price on shares of CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday. Stifel Nicolaus raised their target price on shares of CoreWeave from $115.00 to $120.00 and gave the stock a "hold" rating in a research report on Wednesday, August 13th. Finally, Northland Securities raised their target price on shares of CoreWeave from $85.00 to $165.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, CoreWeave has a consensus rating of "Hold" and a consensus target price of $107.05.

Hedge Funds Weigh In On CoreWeave

Large investors have recently bought and sold shares of the stock. Western Pacific Wealth Management LP purchased a new stake in CoreWeave during the 2nd quarter worth $82,000. RFG Holdings Inc. purchased a new stake in CoreWeave during the 2nd quarter worth $1,450,000. Aua Capital Management LLC bought a new stake in shares of CoreWeave in the 2nd quarter worth about $397,000. Sivia Capital Partners LLC bought a new stake in shares of CoreWeave in the 2nd quarter worth about $39,824,000. Finally, Wesbanco Bank Inc. bought a new stake in shares of CoreWeave in the 2nd quarter worth about $212,000.

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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