CoreWeave (NASDAQ:CRWV) CFO Nitin Agrawal Sells 22,579 Shares of Stock

Key Points

• CoreWeave CFO Nitin Agrawal sold 22,579 shares at an average price of $80.13, generating approximately $1.81 million. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by 17.03%.
• CoreWeave shares fell to $65.78 during mid-day trading, near the company’s 52-week low of $60.55. The stock has also faced pressure from high leverage, with a debt-to-equity ratio of 5.53.
• Despite ongoing losses, quarterly revenue rose 112.5% year over year to $2.58 billion, and analysts maintain a consensus “Moderate Buy” rating with an average price target of $140.64.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CFO Nitin Agrawal sold 22,579 shares of the company's stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $80.13, for a total transaction of $1,809,255.27. Following the completion of the sale, the chief financial officer directly owned 110,017 shares of the company's stock, valued at approximately $8,815,662.21. This represents a 17.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nitin Agrawal also recently made the following trade(s):

• On Tuesday, October 6th, Nitin Agrawal sold 3 shares of CoreWeave stock. The shares were sold at an average price of $88.60, for a total transaction of $265.80.
• On Wednesday, September 30th, Nitin Agrawal sold 5 shares of CoreWeave stock. The shares were sold at an average price of $87.69, for a total transaction of $438.45.
• On Tuesday, September 22nd, Nitin Agrawal sold 55,764 shares of CoreWeave stock. The shares were sold at an average price of $86.83, for a total value of $4,841,988.12.
• On Monday, September 14th, Nitin Agrawal sold 66,576 shares of CoreWeave stock. The stock was sold at an average price of $83.70, for a total value of $5,572,411.20.
• On Tuesday, August 25th, Nitin Agrawal sold 5,509 shares of CoreWeave stock. The stock was sold at an average price of $88.64, for a total transaction of $488,317.76.
• On Thursday, August 20th, Nitin Agrawal sold 10,062 shares of CoreWeave stock. The shares were sold at an average price of $91.88, for a total transaction of $924,496.56.

CoreWeave Stock Performance

Shares of CRWV traded down $12.03 during mid-day trading on Wednesday, hitting $65.78. The company's stock had a trading volume of 108,302,396 shares, compared to its average volume of 30,908,486. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a 50-day moving average price of $87.91 and a 200 day moving average price of $94.69. CoreWeave Inc. has a fifty-two week low of $60.55 and a fifty-two week high of $150.40.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.52) by $0.38. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. The business had revenue of $2.58 billion for the quarter. During the same quarter in the previous year, the firm earned ($0.27) earnings per share. The business's revenue was up 112.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that CoreWeave Inc. will post -5.19 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new position in shares of CoreWeave in the 2nd quarter valued at about $15,543,000. California State Teachers Retirement System boosted its holdings in shares of CoreWeave by 25.5% during the first quarter. California State Teachers Retirement System now owns 320,011 shares of the company's stock worth $24,791,000 after purchasing an additional 64,960 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of CoreWeave by 12.6% during the first quarter. Bank of New York Mellon Corp now owns 353,702 shares of the company's stock worth $27,401,000 after purchasing an additional 39,599 shares during the period. Ardmore Road Asset Management LP grew its position in CoreWeave by 3,410.0% during the first quarter. Ardmore Road Asset Management LP now owns 351,000 shares of the company's stock valued at $27,192,000 after purchasing an additional 341,000 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in CoreWeave by 30.6% during the second quarter. TD Waterhouse Canada Inc. now owns 73,470 shares of the company's stock valued at $7,313,000 after purchasing an additional 17,196 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have commented on CRWV. Truist Financial upped their price objective on shares of CoreWeave from $155.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, August 24th. Mizuho lifted their target price on shares of CoreWeave from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 12th. Jefferies Financial Group downgraded shares of CoreWeave from a "buy" rating to a "hold" rating in a research report on Wednesday, July 22nd. Citigroup boosted their price target on shares of CoreWeave from $142.00 to $159.00 and gave the company a "buy" rating in a report on Friday, August 14th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of CoreWeave in a research report on Monday, September 21st. Twenty-three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, CoreWeave currently has a consensus rating of "Moderate Buy" and an average price target of $140.64.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s CEO sought to reassure employees and investors by highlighting a strong backlog, reportedly valued at approximately $104 billion. Analysts note that demand for AI computing remains robust, although converting that backlog into revenue depends on the company’s ability to build data-center capacity. CoreWeave CEO notes strong backlog in memo to reassure staff over market scrutiny
• Positive Sentiment: Some bullish commentary argues that CoreWeave’s backlog and rapid growth could support substantial long-term upside, while a recent convertible-bond offering may reduce interest costs. However, potential dilution and execution risks remain. CoreWeave: Asymmetric Risk-Reward as $104 Billion Backlog Underpins Growth
• Neutral Sentiment: Investor attention also turned to OpenAI’s reported $50 billion revenue run rate, which could signal continued demand for CoreWeave’s AI infrastructure but also highlights the company’s exposure to a concentrated customer and industry ecosystem. What Does OpenAI’s $50 Billion Run Rate Mean for CoreWeave Stock?
• Negative Sentiment: Yields on CoreWeave’s bonds approached 15%, signaling that creditors view the highly leveraged AI infrastructure model as increasingly risky. The company’s debt-to-equity ratio is already elevated, and higher borrowing costs could delay profitability or require additional capital. CoreWeave shares tumble as bond yields near 15% on concern about AI borrowing binge
• Negative Sentiment: Gartner warned that as many as 80% of neocloud companies could disappear by 2030, intensifying concerns about competition, customer concentration and the long-term viability of specialized AI cloud providers. Stock Market Today, Oct. 14: CoreWeave Plummets on Gartner Neocloud Warning and Bond Yield Surge
• Negative Sentiment: Bearish commentary, including a warning that CoreWeave’s equity could be wiped out if AI spending weakens, further damaged sentiment. Traders also bought “bubble puts,” reflecting expectations for additional downside, while Elon Musk’s “Yikes” response drew attention to the bond-market stress. CoreWeave Stock Could Go to Zero if AI Boom Falters

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning and other data-intensive workloads. The company offers access to accelerated computing resources, including graphics processing units (GPUs), alongside central processing units, high-performance storage, networking and data center capacity.

Its platform supports AI model training, fine-tuning and inference, as well as visual effects, rendering, scientific computing and other demanding applications.

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