CoreWeave (NASDAQ:CRWV) Trading Down 3.9% on Insider Selling

Key Points

• CoreWeave Inc. (NASDAQ: CRWV) shares fell by 3.9% on Monday after insider sales, with 6.3 million shares traded, significantly below the average volume.
• Insider Kristen J. Mcveety sold 2,292 shares at an average price of $89.97, reducing her ownership by 35.40%, while CFO Nitin Agrawal sold 6,010 shares at $89.99.
• CoreWeave reported a loss per share of ($0.27) for the latest quarter, missing estimates by ($0.07), although revenue increased by 206.7% year-over-year.

Shares of CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) traded down 3.9% during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $90.00 and last traded at $90.33. 6,333,234 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 20,161,783 shares. The stock had previously closed at $93.99.

Specifically, insider Kristen J. Mcveety sold 2,292 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $89.97, for a total value of $206,211.24. Following the completion of the transaction, the insider directly owned 4,183 shares in the company, valued at $376,344.51. This trade represents a 35.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Nitin Agrawal sold 6,010 shares of CoreWeave stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $89.99, for a total transaction of $540,839.90. Following the completion of the transaction, the chief financial officer directly owned 128,412 shares in the company, valued at approximately $11,555,795.88. This trade represents a 4.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In related news, insider Brian M. Venturo sold 324,312 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $88.10, for a total value of $28,571,887.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CRWV. Needham & Company LLC reissued a "hold" rating on shares of CoreWeave in a research note on Wednesday, August 13th. Wall Street Zen lowered CoreWeave from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of CoreWeave in a research report on Wednesday, August 13th. Bank of America dropped their target price on CoreWeave from $185.00 to $168.00 and set a "neutral" rating on the stock in a report on Wednesday, August 13th. Finally, 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 report on Thursday. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $107.05.

CoreWeave Stock Down 3.5%

The company's 50 day moving average is $133.71. 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 data 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 company had revenue of $1.21 million for the quarter. The company's quarterly 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 institutional investors and hedge funds have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. acquired a new position in CoreWeave during the second quarter worth $467,000. Newbridge Financial Services Group Inc. bought a new stake in shares of CoreWeave during the 2nd quarter worth about $1,019,000. Marex Group plc bought a new stake in shares of CoreWeave during the 2nd quarter worth about $949,000. Advisory Services Network LLC bought a new position in shares of CoreWeave in the 2nd quarter valued at approximately $2,048,000. Finally, State of Wyoming bought a new position in shares of CoreWeave in the 2nd quarter valued at approximately $288,000.

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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