CoreWeave (NASDAQ:CRWV) Stock Price Down 5.4% Following Insider Selling

Key Points

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CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s stock price traded down 5.4% during trading on Tuesday after an insider sold shares in the company. The company traded as low as $90.75 and last traded at $91.60. 12,398,970 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 19,750,244 shares. The stock had previously closed at $96.80.

Specifically, Director Jack D. Cogen sold 1,000,000 shares of CoreWeave stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $100.20, for a total transaction of $100,200,000.00. Following the transaction, the director directly owned 13,441,680 shares in the company, valued at approximately $1,346,856,336. The trade was a 6.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jack D. Cogen sold 3,000,000 shares of CoreWeave stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $90.55, for a total transaction of $271,650,000.00. Following the completion of the sale, the director directly owned 654,200 shares of the company's stock, valued at approximately $59,237,810. The trade was a 82.10% decrease in their position. The disclosure for this sale can be found here.

Wall Street Analyst Weigh In

CRWV has been the topic of several research reports. Northland Capmk upgraded shares of CoreWeave to a "strong-buy" rating in a report on Tuesday, May 13th. Argus restated a "buy" rating and set a $200.00 price objective on shares of CoreWeave in a report on Thursday, August 14th. Needham & Company LLC restated a "hold" rating on shares of CoreWeave in a report on Wednesday, August 13th. Barclays upped their target price on shares of CoreWeave from $100.00 to $140.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Finally, JMP Securities started coverage on shares of CoreWeave in a research note on Thursday, May 22nd. They issued a "market perform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $99.80.

CoreWeave Trading Down 6.5%

The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79. The business has a fifty day moving average of $138.34.

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

Several institutional investors have recently made changes to their positions in CRWV. Costello Asset Management INC grew its position in CoreWeave by 33.3% during the second quarter. Costello Asset Management INC now owns 400 shares of the company's stock valued at $65,000 after buying an additional 100 shares during the period. Chelsea Counsel Co. purchased a new stake in CoreWeave during the second quarter valued at about $33,000. Archer Investment Corp purchased a new stake in CoreWeave during the second quarter valued at about $34,000. Chilton Capital Management LLC purchased a new stake in CoreWeave during the second quarter valued at about $39,000. Finally, SOA Wealth Advisors LLC. lifted its holdings in CoreWeave by 275.0% during the second quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company's stock valued at $61,000 after purchasing an additional 275 shares during the last quarter.

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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