CoreWeave (NASDAQ:CRWV) CFO Sells 55,764 Shares of Company Stock

Key Points

• CoreWeave CFO Nitin Agrawal sold 55,764 shares at an average price of $86.83, generating approximately $4.84 million. The Rule 10b5-1 transaction reduced his holdings by 29.61% to 132,596 shares.
• CoreWeave shares rose 3.7% to $90.13, while the company reported quarterly revenue of $2.58 billion, up 112.5% year over year, and a better-than-expected adjusted loss per share.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $138.78, though the company’s high leverage and recent $3.7 billion convertible-notes offering increase debt and potential dilution risks.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CFO Nitin Agrawal sold 55,764 shares of CoreWeave stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $86.83, for a total transaction of $4,841,988.12. Following the completion of the sale, the chief financial officer owned 132,596 shares of the company's stock, valued at $11,513,310.68. This trade represents a 29.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Monday, September 14th, Nitin Agrawal sold 66,576 shares of CoreWeave stock. The shares were sold at an average price of $83.70, for a total transaction of $5,572,411.20.
• On Tuesday, August 25th, Nitin Agrawal sold 5,509 shares of CoreWeave stock. The shares were 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 stock was sold at an average price of $91.88, for a total transaction of $924,496.56.
• On Wednesday, July 8th, Nitin Agrawal sold 3 shares of CoreWeave stock. The shares were sold at an average price of $82.98, for a total transaction of $248.94.
• On Tuesday, June 30th, Nitin Agrawal sold 4 shares of CoreWeave stock. The shares were sold at an average price of $95.69, for a total value of $382.76.

CoreWeave Stock Up 3.7%

CRWV stock traded up $3.23 during midday trading on Thursday, reaching $90.13. The stock had a trading volume of 33,660,490 shares, compared to its average volume of 26,381,484. 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 fifty day simple moving average of $85.80 and a two-hundred day simple moving average of $94.40. CoreWeave Inc. has a 52-week low of $60.55 and a 52-week high of $153.20.

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Robert W. Baird increased their price target on shares of CoreWeave from $100.00 to $130.00 and gave the stock an "outperform" rating in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $150.00 price objective on shares of CoreWeave in a research note on Friday, August 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of CoreWeave in a report on Thursday, August 13th. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price objective on shares of CoreWeave in a research note on Friday, September 18th. Finally, Btg Pactual set a $125.00 target price on shares of CoreWeave in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $138.78.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: JPMorgan upgraded CoreWeave to Overweight from Neutral and raised its price target to $125 from $120. The bank cited premium short-term compute pricing and favorable contracts, suggesting CoreWeave may have stronger pricing power as demand for AI capacity outpaces supply. JPMorgan upgrades CoreWeave to Overweight on premium short-term compute pricing
• Positive Sentiment: UBS initiated coverage with a Buy rating and a $120 price target, also pointing to resilient AI-compute demand and a valuation it considers undemanding relative to CoreWeave’s growth prospects. The additional bullish coverage is supporting sentiment toward the stock. CoreWeave gets Buy rating from UBS as AI compute demand strengthens
• Positive Sentiment: CoreWeave announced a multi-year agreement with Harell Data to provide infrastructure for AI model training, fine-tuning and inference. The deal expands its customer base and could create another avenue for growth amid intense competition in cloud services. Harell Data Selects CoreWeave to Power Its Secure Platform for AI Model Training
• Positive Sentiment: CoreWeave earned SemiAnalysis’ Platinum ClusterMAX rating for the third consecutive evaluation—the only provider to receive the distinction each time. The recognition reinforces its positioning on AI-cloud performance, reliability and scalability. CoreWeave earns SemiAnalysis Platinum ClusterMAX rating
• Neutral Sentiment: Despite the positive catalysts, trading has been mixed across AI infrastructure stocks, indicating that investors remain selective and focused on funding needs, valuation and execution.
• Negative Sentiment: CoreWeave completed an upsized convertible-notes offering totaling approximately $3.7 billion in principal, with reports describing a $4.2 billion transaction value. The financing provides capital for data-center expansion but increases debt obligations, interest costs and potential future share dilution as capital spending accelerates. CoreWeave closes $4.2 billion convertible notes deal

Institutional Investors Weigh In On CoreWeave

Hedge funds have recently bought and sold shares of the stock. Essential Partners LLC acquired a new stake in shares of CoreWeave during the 2nd quarter worth approximately $30,000. Peterson Wealth Services lifted its stake in shares of CoreWeave by 153.1% in the 1st quarter. Peterson Wealth Services now owns 405 shares of the company's stock valued at $31,000 after purchasing an additional 245 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in CoreWeave during the first quarter worth $31,000. Burnham & Co LLC purchased a new stake in CoreWeave during the second quarter worth $32,000. Finally, Hazlett Burt & Watson Inc. grew its position in CoreWeave by 34.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company's stock valued at $33,000 after buying an additional 119 shares during the period.

About CoreWeave

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning, high-performance computing and other data-intensive workloads. The company provides access to accelerated computing resources, particularly graphics processing units (GPUs), through a cloud platform designed for large-scale training, inference, rendering and scientific computing.

Its offerings include on-demand and reserved GPU instances, cloud storage, high-speed networking, Kubernetes-based container orchestration and managed services for deploying and scaling workloads.

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