CoreWeave (NASDAQ:CRWV) Stock Price Down 1.8% After Insider Selling

Key Points

• CoreWeave's stock declined by 1.8% following significant insider selling, with major shareholder Magnetar Financial selling over 1 million shares at an average price of $120.62.
• Brokerage reports show a range of target prices and ratings for CoreWeave, with Morgan Stanley raising their target to $91 and Melius Research setting a target of $165, indicating an overall positive outlook from analysts.
• The company missed earnings expectations, reporting a loss of ($0.27) per share, despite a substantial revenue increase of 206.7% compared to the previous year.

Shares of CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) dropped 1.8% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $127.04 and last traded at $130.89. Approximately 28,724,641 shares were traded during trading, an increase of 30% from the average daily volume of 22,101,115 shares. The stock had previously closed at $133.23.

Specifically, major shareholder Magnetar Financial Llc sold 1,059,358 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $120.62, for a total value of $127,779,761.96. Following the completion of the transaction, the insider directly owned 374,056 shares of the company's stock, valued at $45,118,634.72. This represents a 73.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Magnetar Financial Llc sold 176,512 shares of the 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 transaction, the insider directly owned 1,098,337 shares of the company's stock, valued at $132,481,408.94. This represents a 13.85% decrease in their position. The disclosure for this sale can be found here. In related news, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the business's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $125.60, for a total transaction of $182,253,512.80. Following the sale, the insider owned 363,631 shares of the company's stock, valued at $45,672,053.60. The trade was a 79.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CRWV. Morgan Stanley upped their target price on shares of CoreWeave from $58.00 to $91.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Melius Research set a $165.00 target price on CoreWeave and gave the stock a "buy" rating in a report on Tuesday. Stifel Nicolaus upped their price target on CoreWeave from $115.00 to $120.00 and gave the company a "hold" rating in a report on Wednesday, August 13th. Citigroup raised CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 target price for the company in a research report on Thursday, July 31st. Finally, Arete Research raised shares of CoreWeave from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 21st. Two investment 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 issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $124.96.

CoreWeave Stock Down 1.8%

The firm has a fifty day moving average of $111.41. 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 issued its quarterly 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 business had revenue of $1.21 million during the quarter. The firm's revenue for the quarter 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.

Institutional Investors Weigh In On CoreWeave

Several hedge funds have recently bought and sold shares of CRWV. Gamco Investors INC. ET AL purchased a new position in shares of CoreWeave during the 1st quarter valued at approximately $318,000. Goldman Sachs Group Inc. purchased a new position in shares of CoreWeave in the 1st quarter valued at about $963,000. Howard Financial Services LTD. acquired a new stake in CoreWeave in the 2nd quarter valued at $489,000. McAlister Sweet & Associates Inc. acquired a new position in shares of CoreWeave during the second quarter valued at approximately $277,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in CoreWeave during the second quarter worth about $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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