CoreWeave (NASDAQ:CRWV) Shares Down 2.3% After Insider Selling

Key Points

• CoreWeave shares fell 2.3% following significant insider selling, including a major shareholder unloading over 901,000 shares at an average price of $138.22.
• Despite the insider trades, several analysts have maintained positive outlooks, with targets ranging from $130 to $180, indicating a consensus average price target of $127.64.
• The company reported a 206.7% increase in quarterly revenue year-over-year but missed earnings expectations, with a reported EPS of ($0.27).

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) shares were down 2.3% during trading on Friday following insider selling activity. The company traded as low as $130.80 and last traded at $134.79. Approximately 23,262,433 shares traded hands during trading, an increase of 2% from the average daily volume of 22,793,861 shares. The stock had previously closed at $138.00.

Specifically, major shareholder Magnetar Financial Llc sold 901,524 shares of the business's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $138.22, for a total transaction of $124,608,647.28. Following the transaction, the insider owned 345,860 shares in the company, valued at approximately $47,804,769.20. The trade was a 72.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Magnetar Financial Llc sold 149,524 shares of the company's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $138.20, for a total value of $20,664,216.80. Following the completion of the sale, the insider owned 1,005,811 shares in the company, valued at approximately $139,003,080.20. This represents a 12.94% decrease in their position. The disclosure for this sale can be found here. In related news, CEO Michael N. Intrator sold 78,548 shares of the company's stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $139.44, for a total value of $10,952,733.12. Following the sale, the chief executive officer owned 7,150,230 shares in the company, valued at $997,028,071.20. This represents a 1.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CRWV. Evercore ISI began coverage on CoreWeave in a report on Tuesday. They issued an "outperform" rating and a $175.00 price target on the stock. Morgan Stanley upped their price target on CoreWeave from $58.00 to $91.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. HC Wainwright upgraded CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price target on the stock in a report on Thursday, August 21st. DA Davidson restated an "underperform" rating and issued a $36.00 price target on shares of CoreWeave in a report on Tuesday, June 10th. Finally, Raymond James Financial assumed coverage on CoreWeave in a report on Monday, September 15th. They set an "outperform" rating and a $130.00 target price on the stock. Two research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $127.64.

CoreWeave Stock Down 2.3%

The stock has a 50 day moving average price of $111.53. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The business had revenue of $1.21 million for the quarter. The firm'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.

Institutional Investors Weigh In On CoreWeave

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Chelsea Counsel Co. acquired a new position in CoreWeave in the second quarter worth approximately $33,000. Archer Investment Corp acquired a new position in CoreWeave in the second quarter worth approximately $34,000. Chilton Capital Management LLC acquired a new position in CoreWeave in the second quarter worth approximately $39,000. TD Waterhouse Canada Inc. purchased a new position in CoreWeave during the 2nd quarter worth approximately $47,000. Finally, Montag A & Associates Inc. purchased a new position in CoreWeave during the 2nd quarter worth approximately $49,000.

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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