CoreWeave (NASDAQ:CRWV) Shares Down 6% Following Insider Selling

Key Points

• CoreWeave's share price dropped 6% to $105.95 following significant insider selling by major shareholder Magnetar Financial, which sold over 1.5 million shares in multiple transactions between September 9th and 11th.
• Analyst ratings for CoreWeave vary, with a consensus rating of "Hold" and an average price target of $107.45, while some firms have issued "buy" ratings with targets as high as $180.00.
• CoreWeave reported a 206.7% year-over-year revenue increase with Q2 revenue totaling $1.21 million, though it missed EPS estimates by $0.07.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s share price dropped 6% on Friday following insider selling activity. The stock traded as low as $105.75 and last traded at $105.95. Approximately 12,934,118 shares were traded during trading, a decline of 39% from the average daily volume of 21,256,609 shares. The stock had previously closed at $112.69.

Specifically, major shareholder Magnetar Financial Llc sold 573,457 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $103.84, for a total transaction of $59,547,774.88. Following the transaction, the insider directly owned 390,913 shares in the company, valued at $40,592,405.92. The trade was a 59.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Magnetar Financial Llc sold 811,800 shares of the business's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $118.42, for a total transaction of $96,133,356.00. Following the transaction, the insider owned 387,894 shares in the company, valued at approximately $45,934,407.48. This trade represents a 67.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In other news, major shareholder Magnetar Financial Llc sold 204,416 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $118.05, for a total transaction of $24,131,308.80. Following the transaction, the insider directly owned 387,133 shares in the company, valued at $45,701,050.65. The trade was a 34.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Analyst Ratings Changes

A number of research firms have commented on CRWV. HSBC began coverage on CoreWeave in a report on Wednesday, July 16th. They issued a "reduce" rating and a $32.00 target price for the company. HC Wainwright upgraded shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 target price on the stock in a research report on Thursday, August 21st. Macquarie upped their target price on shares of CoreWeave from $65.00 to $115.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Citigroup upgraded shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 target price on the stock in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. upped their target price on shares of CoreWeave from $43.00 to $66.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, CoreWeave has a consensus rating of "Hold" and an average price target of $107.45.

CoreWeave Price Performance

The firm's 50-day moving average is $114.89. 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 posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing analysts' consensus estimates 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 institutional investors and hedge funds have recently modified their holdings of the company. Centaurus Financial Inc. purchased a new position in shares of CoreWeave during the second quarter valued at approximately $138,000. Squarepoint Ops LLC purchased a new position in shares of CoreWeave during the second quarter valued at approximately $629,000. Munro Partners purchased a new position in shares of CoreWeave during the second quarter valued at approximately $1,871,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of CoreWeave during the second quarter valued at approximately $467,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of CoreWeave during the second quarter valued at approximately $1,019,000.

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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