CoreWeave (NASDAQ:CRWV) Trading Down 3.2% After Insider Selling

Key Points

• CoreWeave Inc. shares dropped 3.2% following significant insider selling by CEO Michael N. Intrator, who sold over 128,000 shares across multiple transactions, leading to a steep decline in his ownership stake.
• Analysts have mixed views on CoreWeave, with ratings ranging from "Strong Buy" to "Sell", and an average target price of $127.64, indicating differing expectations for the stock's performance.
• The company's quarterly earnings revealed a loss of ($0.27) per share, missing estimates, although revenue saw a remarkable year-over-year increase of 206.7%.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) shares fell 3.2% during trading on Friday following insider selling activity. The company traded as low as $137.04 and last traded at $138.43. 43,431,149 shares were traded during trading, an increase of 88% from the average session volume of 23,106,254 shares. The stock had previously closed at $143.08.

Specifically, CEO Michael N. Intrator sold 34,826 shares of the firm's stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $135.44, for a total value of $4,716,833.44. Following the transaction, the chief executive officer owned 15,174 shares in the company, valued at approximately $2,055,166.56. This trade represents a 69.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael N. Intrator sold 32,455 shares of the firm's stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $136.72, for a total transaction of $4,437,247.60. Following the completion of the transaction, the chief executive officer owned 7,055,965 shares in the company, valued at $964,691,534.80. This represents a 0.46% decrease in their position. The disclosure for this sale can be found here. In other news, CEO Michael N. Intrator sold 61,810 shares of the firm's stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $131.54, for a total value of $8,130,487.40. Following the transaction, the chief executive officer owned 7,088,420 shares in the company, valued at approximately $932,410,766.80. This trade represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CRWV shares. HC Wainwright upgraded shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price target on the stock in a report on Thursday, August 21st. HSBC assumed coverage on shares of CoreWeave in a report on Wednesday, July 16th. They set a "reduce" rating and a $32.00 target price on the stock. Mizuho restated a "neutral" rating and set a $150.00 target price (up previously from $70.00) on shares of CoreWeave in a report on Tuesday, July 8th. Evercore ISI assumed coverage on shares of CoreWeave in a report on Tuesday, September 30th. They set an "outperform" rating and a $175.00 target price on the stock. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $116.00 target price on shares of CoreWeave in a research report on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $127.64.

CoreWeave Stock Down 3.2%

The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. The company has a 50 day simple moving average of $114.11 and a two-hundred day simple moving average of $105.57.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted 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 quarterly 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.

Institutional Trading of CoreWeave

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Family Legacy Financial Solutions LLC grew its position in shares of CoreWeave by 166.7% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock worth $27,000 after buying an additional 125 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in shares of CoreWeave during the 3rd quarter worth $28,000. Chelsea Counsel Co. bought a new position in shares of CoreWeave during the 2nd quarter worth $33,000. Archer Investment Corp bought a new position in shares of CoreWeave during the 2nd quarter worth $34,000. Finally, Chilton Capital Management LLC bought a new stake in CoreWeave during the second quarter valued at about $39,000.

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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