CoreWeave (NASDAQ:CRWV) Trading Down 1.7% on Insider Selling

Key Points

• CoreWeave's stock fell by 1.7% following **major insider selling**, including a sale of 80,820 shares by Magnetar Financial, valued at over $8 million.
• The company reported a **206.7% increase in revenue** year-over-year despite a **loss of ($0.27)** earnings per share for the last quarter, missing analysts' expectations.
• Analysts have mixed views on CoreWeave, with ratings ranging from **"Strong Buy" to "Sell"**, and an average price target of **$107.45** according to MarketBeat.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) fell 1.7% on Thursday after an insider sold shares in the company. The stock traded as low as $87.74 and last traded at $88.32. 4,547,884 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 20,560,545 shares. The stock had previously closed at $89.88.

Specifically, major shareholder Magnetar Financial Llc sold 80,820 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $102.38, for a total value of $8,274,351.60. Following the completion of the sale, the insider owned 393,046 shares of the company's stock, valued at approximately $40,240,049.48. This trade represents a 17.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael N. Intrator sold 32,455 shares of CoreWeave stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $95.65, for a total transaction of $3,104,320.75. Following the completion of the sale, the chief executive officer directly owned 7,153,330 shares of the company's stock, valued at approximately $684,216,014.50. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. In other CoreWeave news, major shareholder Magnetar Financial Llc sold 915,339 shares of CoreWeave stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $103.17, for a total transaction of $94,435,524.63. Following the completion of the transaction, the insider owned 393,283 shares in the company, valued at approximately $40,575,007.11. The trade was a 69.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Ratings Changes

A number of brokerages have issued reports on CRWV. Wall Street Zen downgraded shares of CoreWeave from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Stifel Nicolaus upped their price objective on CoreWeave from $115.00 to $120.00 and gave the company a "hold" rating in a research note on Wednesday, August 13th. DA Davidson reiterated an "underperform" rating and set a $36.00 target price on shares of CoreWeave in a research note on Tuesday, June 10th. JMP Securities began coverage on shares of CoreWeave in a research report on Thursday, May 22nd. They set a "market perform" rating for the company. Finally, Mizuho reaffirmed a "neutral" rating and issued a $150.00 price objective (up previously 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, eight have issued a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $107.45.

CoreWeave Price Performance

The company's 50-day simple moving average is $121.97. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The business had revenue of $1.21 million during the quarter. The company's revenue 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 large investors have recently added to or reduced their stakes in the business. Chelsea Counsel Co. purchased a new stake in shares of CoreWeave in the 2nd quarter valued at about $33,000. Archer Investment Corp bought a new position in shares of CoreWeave in the second quarter worth approximately $34,000. Chilton Capital Management LLC purchased a new stake in CoreWeave in the second quarter valued at approximately $39,000. TD Waterhouse Canada Inc. purchased a new stake in shares of CoreWeave during the 2nd quarter valued at $47,000. Finally, Montag A & Associates Inc. purchased a new position in CoreWeave in the second quarter worth $49,000.

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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