CoreWeave (NASDAQ:CRWV) Trading Down 5% Following Insider Selling

Key Points

• CoreWeave's stock price fell 5% after significant insider selling, with over 10.6 million shares traded, reflecting a substantial drop in trading volume compared to the average session.
• Insider Brannin Mcbee sold over 520,000 shares in total, decreasing their ownership by 67.21%, while CFO Nitin Agrawal sold 3,512 shares, representing a 2.73% reduction in their stake.
• Despite the recent declines, analysts have mixed sentiments with Arete upgrading CoreWeave to a "buy" rating and setting a target price of $180, while Deutsche Bank continues to hold the stock.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s stock price traded down 5% on Friday following insider selling activity. The stock traded as low as $96.32 and last traded at $97.63. 10,665,610 shares changed hands during trading, a decline of 48% from the average session volume of 20,467,600 shares. The stock had previously closed at $102.79.

Specifically, insider Brannin Mcbee sold 270,705 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $92.32, for a total transaction of $24,991,485.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brannin Mcbee sold 250,000 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $91.99, for a total value of $22,997,500.00. Following the completion of the transaction, the insider owned 121,965 shares of the company's stock, valued at $11,219,560.35. The trade was a 67.21% decrease in their position. The disclosure for this sale can be found here. In related news, CFO Nitin Agrawal sold 3,512 shares of CoreWeave stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $92.06, for a total transaction of $323,314.72. Following the completion of the transaction, the chief financial officer owned 124,900 shares in the company, valued at approximately $11,498,294. This trade represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Wall Street Analyst Weigh In

CRWV has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of CoreWeave in a research report on Wednesday, August 13th. Arete raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 target price on the stock in a research note on Thursday, August 21st. Cantor Fitzgerald initiated coverage on shares of CoreWeave in a research note on Tuesday. They issued an "overweight" rating and a $116.00 price objective on the stock. Wall Street Zen cut shares of CoreWeave from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, Mizuho restated a "neutral" rating and issued a $150.00 target price (up previously from $70.00) on shares of CoreWeave in a report on Tuesday, July 8th. Two equities 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 issued a Sell rating to the stock. According to MarketBeat.com, CoreWeave currently has a consensus rating of "Hold" and a consensus price target of $107.45.

CoreWeave Stock Performance

The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. The firm's 50 day moving average is $127.97.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) 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. The company's 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 Investors Weigh In On CoreWeave

Large investors have recently added to or reduced their stakes in the company. Chelsea Counsel Co. bought a new position in shares of CoreWeave in the second quarter worth approximately $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 bought a new position in CoreWeave during the second quarter valued at approximately $39,000. Montag A & Associates Inc. bought a new position in CoreWeave during the second quarter valued at approximately $49,000. Finally, TD Waterhouse Canada Inc. bought a new position in CoreWeave during the second quarter valued at approximately $47,000.

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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