Insider Selling: CoreWeave (NASDAQ:CRWV) COO Sells 13,611 Shares of Company Stock

Key Points

• CoreWeave COO Sachin Jain sold 13,611 shares for about $629,237 at an average price of $46.23.
• The sale covered tax withholding on vested equity awards; Jain retained 177,224 shares, a 7.13% reduction in his position.
• CoreWeave reported quarterly revenue of $2.58 billion, up 112.5% year over year, and a loss per share narrower than analysts expected.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) COO Sachin Jain sold 13,611 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $46.23, for a total value of $629,236.53. Following the completion of the sale, the chief operating officer owned 177,224 shares in the company, valued at approximately $8,193,065.52. The trade was a 7.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sachin Jain also recently made the following trade(s):

• On Wednesday, September 30th, Sachin Jain sold 4 shares of CoreWeave stock. The stock was sold at an average price of $87.69, for a total value of $350.76.
• On Thursday, August 20th, Sachin Jain sold 6,339 shares of CoreWeave stock. The shares were sold at an average price of $91.88, for a total transaction of $582,427.32.
• On Wednesday, August 12th, Sachin Jain sold 1 shares of CoreWeave stock. The shares were sold at an average price of $110.00, for a total transaction of $110.00.

CoreWeave Trading Down 0.5%

Shares of NASDAQ CRWV traded down $0.25 during mid-day trading on Tuesday, reaching $48.73. The company had a trading volume of 84,166,498 shares, compared to its average volume of 32,430,129. The business's 50-day moving average is $74.86 and its 200-day moving average is $89.66. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53. The stock has a market cap of $22.36 billion, a price-to-earnings ratio of -13.35 and a beta of 7.71. CoreWeave Inc. has a 52 week low of $40.58 and a 52 week high of $138.25.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, topping the consensus estimate of ($1.52) by $0.38. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The company had revenue of $2.58 billion for the quarter. During the same period in the prior year, the business earned ($0.27) EPS. The company's quarterly revenue was up 112.5% on a year-over-year basis. Equities analysts expect that CoreWeave Inc. will post -4.97 earnings per share for the current year.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Revenue rose 168% year over year to $3.66 billion, beating expectations, while the quarterly loss per share of $0.95 was narrower than analysts expected. Management raised full-year revenue guidance to at least $13 billion, and reported a backlog of roughly $132.5 billion—evidence of sustained demand for AI computing capacity. CoreWeave beats on revenue and lifts guidance
• Positive Sentiment: A multi-year deal to provide Wayve with cloud computing capacity and NVIDIA Blackwell GPUs broadens CoreWeave’s customer exposure into autonomous driving and “physical AI.” CoreWeave expands into physical AI with Wayve deal
• Negative Sentiment: Investors are still weighing the risks of CoreWeave’s debt-funded data-center buildout. Reports that its bond yields have climbed above 15% highlight potentially expensive financing, while substantial capital needs and interest costs could pressure profitability and access to funding. CoreWeave reports earnings; financing in focus

Institutional Trading of CoreWeave

A number of hedge funds have recently added to or reduced their stakes in CRWV. Z3 Capital Partners LLC grew its holdings in CoreWeave by 8.4% during the 3rd quarter. Z3 Capital Partners LLC now owns 30,450 shares of the company's stock worth $2,653,000 after acquiring an additional 2,370 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of CoreWeave by 140.0% in the 3rd quarter. Voya Investment Management LLC now owns 467,862 shares of the company's stock valued at $40,760,000 after purchasing an additional 272,938 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of CoreWeave by 20.3% in the 3rd quarter. Global Retirement Partners LLC now owns 4,596 shares of the company's stock worth $400,000 after purchasing an additional 775 shares during the period. Rothschild Investment LLC lifted its position in shares of CoreWeave by 2,209.1% in the 3rd quarter. Rothschild Investment LLC now owns 7,389 shares of the company's stock worth $644,000 after purchasing an additional 7,069 shares during the period. Finally, Cibc World Market Inc. lifted its position in shares of CoreWeave by 48.4% in the 3rd quarter. Cibc World Market Inc. now owns 70,971 shares of the company's stock worth $6,183,000 after purchasing an additional 23,153 shares during the period.

Analyst Upgrades and Downgrades

CRWV has been the topic of a number of research reports. Raymond James Financial reaffirmed an "outperform" rating and set a $75.00 target price on shares of CoreWeave in a research report on Monday, October 26th. Morgan Stanley decreased their price target on shares of CoreWeave from $99.00 to $70.00 and set an "equal weight" rating for the company in a research note on Friday, October 23rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $150.00 price target (up from $135.00) on shares of CoreWeave in a report on Friday, August 7th. Citigroup dropped their price objective on CoreWeave from $159.00 to $128.00 and set a "buy" rating on the stock in a research note on Wednesday, November 4th. Finally, Truist Financial increased their price objective on CoreWeave from $155.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, August 24th. Twenty-seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, CoreWeave has a consensus rating of "Moderate Buy" and an average price target of $125.76.

CoreWeave Company Profile

CoreWeave is a cloud computing company that provides infrastructure for artificial intelligence, machine learning, and other compute-intensive workloads. Its services include access to graphics processing units (GPUs), cloud storage and networking, and software tools for deploying and managing workloads. The company was founded in 2017 as a cryptocurrency mining business and later shifted its focus to cloud computing. CoreWeave is headquartered in Livingston, New Jersey, and operates data center infrastructure in the United States and Europe, serving customers that need large-scale computing resources.

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