CoreWeave (NASDAQ:CRWV) Shares Down 3.1% After Insider Selling

Key Points

• Shares fell about 3.1% to near $76.86 after insiders sold significant positions — CEO Michael N. Intrator sold roughly 161,427 shares (≈$11.66M) and Brannin McBee sold 57,636 shares (≈$4.18M) on Dec. 31.
• The stock carries a consensus rating of Moderate Buy with an average price target of $127.60; analysts remain mostly positive (1 Strong Buy, 17 Buy, 13 Hold, 2 Sell) despite several recent target cuts.
• CoreWeave beat Q3 revenue estimates with $1.36B (up 133.7% YoY) and an EPS loss of ($0.22) that beat estimates, but the company has a negative P/E, high leverage (debt/equity 2.66) and weak liquidity (current and quick ratios 0.49).

Shares of CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) fell 3.1% during trading on Monday following insider selling activity. The stock traded as low as $76.77 and last traded at $76.86. 25,080,457 shares were traded during trading, a decline of 9% from the average session volume of 27,539,379 shares. The stock had previously closed at $79.32.

Specifically, CEO Michael N. Intrator sold 50,000 shares of the business's stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $71.94, for a total transaction of $3,597,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael N. Intrator sold 111,427 shares of the business's stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $72.39, for a total value of $8,066,200.53. Following the completion of the sale, the chief executive officer directly owned 5,922,620 shares of the company's stock, valued at approximately $428,738,461.80. The trade was a 1.85% decrease in their position. The SEC filing for this sale provides additional information. In related news, insider Brannin Mcbee sold 57,636 shares of the business's stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $72.57, for a total transaction of $4,182,644.52. Following the completion of the transaction, the insider owned 248,664 shares of the company's stock, valued at approximately $18,045,546.48. The trade was a 18.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CRWV. Evercore ISI lowered their price target on shares of CoreWeave from $175.00 to $160.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 11th. HC Wainwright restated a "buy" rating and set a $180.00 target price on shares of CoreWeave in a research note on Wednesday, November 12th. Compass Point assumed coverage on CoreWeave in a research note on Thursday, November 13th. They issued a "buy" rating and a $150.00 price target for the company. Citigroup restated a "buy" rating and set a $135.00 target price (down previously from $192.00) on shares of CoreWeave in a research report on Friday, December 19th. Finally, Wells Fargo & Company dropped their price target on CoreWeave from $170.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, CoreWeave has a consensus rating of "Moderate Buy" and an average price target of $127.60.

CoreWeave Price Performance

The stock has a market capitalization of $29.70 billion and a price-to-earnings ratio of -53.01. The company has a fifty day simple moving average of $87.52 and a 200 day simple moving average of $112.49. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.49 and a current ratio of 0.49.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its earnings results on Monday, November 10th. The company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.14. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company earned ($1.82) earnings per share. The business's revenue was up 133.7% on a year-over-year basis.

Institutional Trading of CoreWeave

A number of institutional investors have recently bought and sold shares of CRWV. Proficio Capital Partners LLC boosted its holdings in CoreWeave by 446,194.0% during the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company's stock worth $2,443,013,000 after acquiring an additional 17,847,760 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of CoreWeave by 109.7% during the third quarter. Vanguard Group Inc. now owns 7,433,501 shares of the company's stock valued at $1,017,275,000 after purchasing an additional 3,888,164 shares in the last quarter. Invesco Ltd. boosted its holdings in CoreWeave by 55,329.7% during the third quarter. Invesco Ltd. now owns 2,999,300 shares of the company's stock worth $410,454,000 after purchasing an additional 2,993,889 shares during the last quarter. Clear Street Group Inc. bought a new stake in CoreWeave in the 3rd quarter worth about $405,199,000. Finally, Lavaca Capital LLC purchased a new stake in CoreWeave in the 3rd quarter valued at about $273,700,000.

CoreWeave Company Profile

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.

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