CoreWeave (NASDAQ:CRWV) Shares Down 5.1% on Insider Selling

Key Points

• CoreWeave's shares dropped by 5.1% after insider Kristen J. Mcveety sold 95,000 shares at an average price of $126.86, totaling approximately $12.05 million.
• Major shareholder Magnetar Financial LLC significantly reduced its position, selling over 1 million shares, which led to a 73.90% decrease in their ownership.
• Several analysts upgraded CoreWeave's stock rating, with JMP Securities setting a new target price of $180.00, indicating positive sentiment around the company's prospects.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s share price traded down 5.1% during trading on Thursday after an insider sold shares in the company. The company traded as low as $125.80 and last traded at $126.66. 48,589,139 shares traded hands during mid-day trading, an increase of 117% from the average session volume of 22,352,211 shares. The stock had previously closed at $133.40.

Specifically, insider Kristen J. Mcveety sold 95,000 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $126.86, for a total transaction of $12,051,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Magnetar Financial Llc sold 1,059,358 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $120.62, for a total value of $127,779,761.96. Following the sale, the insider owned 374,056 shares of the company's stock, valued at approximately $45,118,634.72. The trade was a 73.90% decrease in their position. The disclosure for this sale can be found here. In other CoreWeave news, major shareholder Magnetar Financial Llc sold 176,512 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $120.62, for a total value of $21,290,877.44. Following the completion of the sale, the insider owned 1,098,337 shares in the company, valued at approximately $132,481,408.94. The trade was a 13.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CRWV shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of CoreWeave in a research note on Wednesday, August 13th. JMP Securities upgraded CoreWeave from a "market perform" rating to a "market outperform" rating and set a $180.00 target price on the stock in a research report on Tuesday, September 16th. Citizens Jmp upgraded CoreWeave from a "market perform" rating to an "outperform" rating and set a $180.00 target price on the stock in a research report on Tuesday, September 16th. Arete Research upgraded CoreWeave from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Finally, Mizuho reiterated a "neutral" rating and set a $150.00 target price (up from $70.00) on shares of CoreWeave in a research report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, CoreWeave has an average rating of "Moderate Buy" and an average price target of $124.96.

CoreWeave Stock Performance

The business has a 50-day moving average price of $111.02. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52.

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

Hedge Funds Weigh In On CoreWeave

Several large investors have recently added to or reduced their stakes in CRWV. Cisco Systems Inc. acquired a new stake in CoreWeave during the second quarter worth about $173,493,000. Gamco Investors INC. ET AL acquired a new stake in CoreWeave during the first quarter worth about $318,000. SeaCrest Wealth Management LLC acquired a new stake in CoreWeave during the second quarter worth about $848,000. Howard Financial Services LTD. acquired a new stake in CoreWeave during the second quarter worth about $489,000. Finally, Sivia Capital Partners LLC acquired a new stake in CoreWeave during the second quarter worth about $39,824,000.

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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