CoreWeave (NASDAQ:CRWV) Shares Down 5% on Insider Selling

Key Points

• CoreWeave Inc. (NASDAQ:CRWV) shares fell 5% after insider Brannin Mcbee sold 625,000 shares for a total of approximately $82.4 million, causing concern among investors.
• Despite this insider selling, several Wall Street analysts have upgraded CoreWeave's ratings, with Arete and Wells Fargo setting price targets at $180 and $170, respectively.
• CoreWeave's latest quarterly revenue showed a significant year-over-year increase of 206.7%, although it reported a higher-than-expected loss per share of ($0.27).

Shares of CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) dropped 5% during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as $119.50 and last traded at $120.34. Approximately 29,045,114 shares were traded during trading, an increase of 30% from the average daily volume of 22,408,477 shares. The stock had previously closed at $126.66.

Specifically, insider Brannin Mcbee sold 375,000 shares of CoreWeave stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $131.83, for a total value of $49,436,250.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Brannin Mcbee sold 250,000 shares of the business's stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $131.83, for a total transaction of $32,957,500.00. Following the completion of the sale, the insider directly owned 121,965 shares in the company, valued at approximately $16,078,645.95. This trade represents a 67.21% decrease in their position. The disclosure for this sale can be found here. In other news, insider Kristen J. Mcveety sold 95,000 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $126.86, for a total value of $12,051,700.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Wall Street Analyst Weigh In

CRWV has been the topic of several research reports. Arete raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price target on the stock in a research report on Thursday, August 21st. Wells Fargo & Company raised shares of CoreWeave from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $105.00 to $170.00 in a research report on Tuesday. Seaport Res Ptn raised shares of CoreWeave to a "hold" rating in a research report on Monday, September 15th. Mizuho reissued a "neutral" rating and issued a $150.00 price target (up previously from $70.00) on shares of CoreWeave in a research report on Tuesday, July 8th. Finally, Macquarie boosted their price objective on shares of CoreWeave from $65.00 to $115.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $124.96.

CoreWeave Stock Down 5.0%

The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a 50 day moving average of $110.91.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly 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 firm'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.

Hedge Funds Weigh In On CoreWeave

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cisco Systems Inc. bought a new stake in shares of CoreWeave in the 2nd quarter worth approximately $173,493,000. Geode Capital Management LLC lifted its holdings in shares of CoreWeave by 142.6% in the 2nd quarter. Geode Capital Management LLC now owns 716,178 shares of the company's stock worth $116,809,000 after acquiring an additional 420,915 shares during the last quarter. Lmdagg L.L.C. bought a new stake in shares of CoreWeave in the 2nd quarter worth approximately $48,030,000. Sivia Capital Partners LLC bought a new stake in shares of CoreWeave in the 2nd quarter worth approximately $39,824,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in CoreWeave during the 2nd quarter valued at $34,284,000.

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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