Insider Selling: CoreWeave (NASDAQ:CRWV) CFO Sells 6,010 Shares of Stock

Key Points

• Nitin Agrawal, CFO of CoreWeave, sold 6,010 shares at an average price of $89.99, totaling approximately $540,840, which reduced his ownership by 4.47%.
• CoreWeave's shares increased by 3.5% to $93.99, with trading volume surpassing its average, amidst a backdrop of a 206.7% year-over-year revenue growth.
• Analysts have varying ratings on CoreWeave, with a consensus target price of $107.05, including two Strong Buy ratings and several price upgrades from major firms.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CFO Nitin Agrawal sold 6,010 shares of the stock in a transaction 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 sale, the chief financial officer owned 128,412 shares of the company's stock, valued at approximately $11,555,795.88. This trade represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

CoreWeave Trading Up 3.5%

Shares of CRWV traded up $3.20 during trading hours on Friday, hitting $93.99. 33,884,907 shares of the stock were exchanged, compared to its average volume of 22,930,838. CoreWeave Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. The business's 50-day simple moving average is $133.71.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted 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 firm had revenue of $1.21 million for the quarter. The business's revenue for the quarter was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Argus reiterated a "buy" rating and issued a $200.00 price objective on shares of CoreWeave in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of CoreWeave in a research note on Wednesday, August 13th. Mizuho restated a "neutral" rating and set a $150.00 price target (up previously from $70.00) on shares of CoreWeave in a research note on Tuesday, July 8th. Wells Fargo & Company boosted their price target on shares of CoreWeave from $60.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 13th. Finally, Macquarie boosted their price target on shares of CoreWeave from $65.00 to $115.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, CoreWeave presently has an average rating of "Hold" and a consensus target price of $107.05.

Institutional Trading of CoreWeave

Several institutional investors have recently made changes to their positions in CRWV. Cisco Systems Inc. bought a new stake in shares of CoreWeave in the 2nd quarter worth $173,493,000. Geode Capital Management LLC grew its stake in shares of CoreWeave by 142.6% in the 2nd quarter. Geode Capital Management LLC now owns 716,178 shares of the company's stock worth $116,809,000 after acquiring an additional 420,915 shares in the last quarter. Lmdagg L.L.C. purchased a new position in shares of CoreWeave in the 2nd quarter worth about $48,030,000. Sivia Capital Partners LLC purchased a new position in shares of CoreWeave in the 2nd quarter worth about $39,824,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of CoreWeave in the 2nd quarter worth about $34,284,000.

CoreWeave Company Profile

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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