CoreWeave (NASDAQ:CRWV) Shares Down 2.5% After Insider Selling

Key Points

• CoreWeave Inc. (NASDAQ: CRWV) shares dropped 2.5% amid significant insider selling, with major shareholder Magnetar Financial selling over 80,000 shares, resulting in a 17.06% reduction in their stake.
• CEO Michael N. Intrator also sold over 32,000 shares, leading to a slight decrease in his ownership, while the stock's recent trading volume was 67% lower than average.
• Analysts are divided on CoreWeave's outlook, with ratings ranging from "Strong Buy" to "Sell", and an average price target set at $107.45.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s share price traded down 2.5% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $90.03 and last traded at $90.98. 6,777,079 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 20,587,018 shares. The stock had previously closed at $93.34.

Specifically, major shareholder Magnetar Financial Llc sold 80,820 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $102.38, for a total transaction of $8,274,351.60. Following the sale, the insider directly owned 393,046 shares of the company's stock, valued at approximately $40,240,049.48. This represents a 17.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael N. Intrator sold 32,455 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $95.65, for a total transaction of $3,104,320.75. Following the sale, the chief executive officer directly owned 7,153,330 shares in the company, valued at approximately $684,216,014.50. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. In other news, major shareholder Magnetar Financial Llc sold 915,339 shares of the firm's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $103.17, for a total transaction of $94,435,524.63. Following the sale, the insider owned 393,283 shares of the company's stock, valued at $40,575,007.11. This trade represents a 69.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of CoreWeave in a report on Wednesday, August 13th. DA Davidson reaffirmed an "underperform" rating and set a $36.00 price target on shares of CoreWeave in a report on Tuesday, June 10th. Bank of America lowered their price objective on shares of CoreWeave from $185.00 to $168.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 13th. HSBC began coverage on shares of CoreWeave in a research note on Wednesday, July 16th. They issued a "reduce" rating and a $32.00 price objective on the stock. Finally, Cantor Fitzgerald began coverage on shares of CoreWeave in a research note on Tuesday, August 26th. They issued an "overweight" rating and a $116.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $107.45.

CoreWeave Trading Down 2.5%

The business has a 50 day moving average of $123.36. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its 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 business had revenue of $1.21 million for the quarter. The company'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

Several institutional investors and hedge funds have recently modified their holdings of CRWV. Gamco Investors INC. ET AL bought a new stake in shares of CoreWeave during the first quarter valued at approximately $318,000. Goldman Sachs Group Inc. bought a new stake in shares of CoreWeave during the first quarter valued at approximately $963,000. Howard Financial Services LTD. bought a new stake in shares of CoreWeave during the second quarter valued at approximately $489,000. McAlister Sweet & Associates Inc. bought a new stake in shares of CoreWeave during the second quarter valued at approximately $277,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of CoreWeave during the second quarter valued at approximately $117,000.

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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