CoreWeave (NASDAQ:CRWV) Trading Down 2.9% After Insider Selling

Key Points

• CoreWeave shares fell by 2.9% after significant insider selling, with over 7.9 million shares traded, indicating a drop in trading volume.
• Director Jack D. Cogen sold over 1.1 million shares for more than $105 million, reducing his stake by 8.27%.
• Analysts have upgraded price targets for CoreWeave, with Mizuho setting a new target of $150.00 and Citigroup increasing their target to $160.00.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) shares dropped 2.9% during trading on Friday after an insider sold shares in the company. The stock traded as low as $84.80 and last traded at $84.98. Approximately 7,904,416 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 20,548,625 shares. The stock had previously closed at $87.48.

Specifically, Director Jack D. Cogen sold 1,112,004 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the transaction, the director directly owned 12,329,676 shares of the company's stock, valued at $1,167,497,020.44. This represents a 8.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Chen Goldberg sold 56,294 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $93.17, for a total transaction of $5,244,911.98. Following the completion of the sale, the senior vice president owned 18,764 shares in the company, valued at approximately $1,748,241.88. The trade was a 75.00% decrease in their position. The disclosure for this sale can be found here. In other news, insider Brannin Mcbee sold 375,000 shares of CoreWeave stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $93.17, for a total transaction of $34,938,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Analysts Set New Price Targets

Several equities analysts have issued reports on CRWV shares. Mizuho reaffirmed a "neutral" rating and issued a $150.00 price target (up from $70.00) on shares of CoreWeave in a report on Tuesday, July 8th. Arete Research raised shares of CoreWeave from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 21st. Citigroup upgraded shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 price target for the company in a research report on Thursday, July 31st. Arete raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price target for the company in a research note on Thursday, August 21st. Finally, The Goldman Sachs Group increased their target price on shares of CoreWeave from $54.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $107.45.

CoreWeave Trading Down 2.4%

The business has a fifty day moving average price of $120.56. 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) earnings per share 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% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Hedge Funds Weigh In On CoreWeave

Several large investors have recently bought and sold shares of the stock. Chelsea Counsel Co. acquired a new stake in shares of CoreWeave during the second quarter worth approximately $33,000. Archer Investment Corp acquired a new position in shares of CoreWeave in the 2nd quarter valued at $34,000. Chilton Capital Management LLC acquired a new stake in shares of CoreWeave during the 2nd quarter worth about $39,000. Montag A & Associates Inc. acquired a new stake in CoreWeave in the second quarter worth about $49,000. Finally, TD Waterhouse Canada Inc. bought a new position in shares of CoreWeave in the 2nd quarter valued at about $47,000.

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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