CoreWeave (NASDAQ:CRWV) Shares Down 5.3% Following Insider Selling

Key Points

• CoreWeave Inc. shares dropped 5.3% after insider selling by major shareholder Magnetar Financial, which decreased their stake significantly through multiple transactions.
• Research analysts have mixed views on CoreWeave, with Morgan Stanley raising its price target to $91 and Wells Fargo upgrading to "overweight" with a $170 target.
• The company reported a loss of ($0.27) per share for its last quarter, missing expectations but showing a remarkable year-over-year revenue increase of 206.7%.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) shares fell 5.3% on Tuesday following insider selling activity. The company traded as low as $130.30 and last traded at $134.06. 25,506,358 shares changed hands during trading, an increase of 10% from the average session volume of 23,114,623 shares. The stock had previously closed at $141.62.

Specifically, major shareholder Magnetar Financial Llc sold 180,166 shares of the company's stock in a transaction on Friday, October 10th. The stock was sold at an average price of $148.80, for a total value of $26,808,700.80. Following the completion of the sale, the insider directly owned 328,932 shares in the company, valued at $48,945,081.60. This represents a 35.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Magnetar Financial Llc sold 414,547 shares of the stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $148.74, for a total value of $61,659,720.78. Following the completion of the transaction, the insider owned 1,845,583 shares of the company's stock, valued at $274,512,015.42. The trade was a 18.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In related news, major shareholder Magnetar Financial Llc sold 691,243 shares of the stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $139.46, for a total value of $96,400,748.78. Following the completion of the transaction, the insider directly owned 336,663 shares in the company, valued at approximately $46,951,021.98. This represents a 67.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CRWV shares. Morgan Stanley increased their price objective on CoreWeave from $58.00 to $91.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Weiss Ratings reiterated a "sell (d+)" rating on shares of CoreWeave in a research report on Tuesday. Arete Research upgraded CoreWeave from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of CoreWeave in a research report on Wednesday, August 13th. Finally, Wells Fargo & Company upgraded CoreWeave from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $105.00 to $170.00 in a research report on Tuesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, CoreWeave presently has an average rating of "Moderate Buy" and a consensus price target of $127.64.

CoreWeave Stock Performance

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 business has a 50 day simple moving average of $115.50 and a 200 day simple moving average of $106.51.

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

Hedge funds have recently modified their holdings of the stock. Gamco Investors INC. ET AL acquired a new stake in CoreWeave in the first quarter valued at $318,000. Goldman Sachs Group Inc. acquired a new stake in CoreWeave in the first quarter valued at $963,000. Howard Financial Services LTD. acquired a new stake in CoreWeave in the second quarter valued at $489,000. McAlister Sweet & Associates Inc. acquired a new stake in CoreWeave in the second quarter valued at $277,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in CoreWeave in the second quarter valued at $117,000.

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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