Insider Selling: CoreWeave (NASDAQ:CRWV) Insider Sells 375,000 Shares of Stock

Key Points

• CoreWeave insider Brannin Mcbee sold 375,000 shares on September 16th for a total of $44.3 million at an average price of $118.17 per share.
• The company reported a quarterly earnings loss of ($0.27) EPS, missing the consensus estimate, despite a 206.7% increase in revenue compared to the previous year.
• CoreWeave has seen significant analyst activity, with target price upgrades from firms like Northland Securities raising theirs from $85.00 to $165.00, reflecting an overall optimism in the stock.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Brannin Mcbee sold 375,000 shares of CoreWeave stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $118.17, for a total transaction of $44,313,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Brannin Mcbee also recently made the following trade(s):

• On Tuesday, September 16th, Brannin Mcbee sold 250,000 shares of CoreWeave stock. The shares were sold at an average price of $118.17, for a total value of $29,542,500.00.
• On Tuesday, September 9th, Brannin Mcbee sold 375,000 shares of CoreWeave stock. The stock was sold at an average price of $99.47, for a total value of $37,301,250.00.
• On Tuesday, September 9th, Brannin Mcbee sold 250,000 shares of CoreWeave stock. The shares were sold at an average price of $99.47, for a total value of $24,867,500.00.
• On Tuesday, September 2nd, Brannin Mcbee sold 375,000 shares of CoreWeave stock. The stock was sold at an average price of $93.17, for a total value of $34,938,750.00.
• On Tuesday, September 2nd, Brannin Mcbee sold 250,000 shares of CoreWeave stock. The shares were sold at an average price of $93.17, for a total transaction of $23,292,500.00.
• On Tuesday, August 26th, Brannin Mcbee sold 270,705 shares of CoreWeave stock. The shares were sold at an average price of $92.32, for a total transaction of $24,991,485.60.
• On Tuesday, August 26th, Brannin Mcbee sold 250,000 shares of CoreWeave stock. The stock was sold at an average price of $91.99, for a total transaction of $22,997,500.00.
• On Tuesday, August 19th, Brannin Mcbee sold 375,000 shares of CoreWeave stock. The shares were sold at an average price of $91.71, for a total transaction of $34,391,250.00.
• On Tuesday, August 19th, Brannin Mcbee sold 250,000 shares of CoreWeave stock. The stock was sold at an average price of $91.71, for a total transaction of $22,927,500.00.

CoreWeave Price Performance

CRWV traded up $0.53 during mid-day trading on Thursday, reaching $121.39. 21,720,599 shares of the company traded hands, compared to its average volume of 28,364,308. The stock's fifty day moving average is $111.41. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79. CoreWeave Inc. has a 52-week low of $33.51 and a 52-week high of $187.00.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The company had revenue of $1.21 million during the quarter. The firm's quarterly revenue was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Analyst Upgrades and Downgrades

CRWV has been the topic of a number of recent research reports. Northland Securities raised their target price on CoreWeave from $85.00 to $165.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Arete Research upgraded shares of CoreWeave from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of CoreWeave in a research report on Wednesday, August 13th. Mizuho reaffirmed 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. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $116.00 price objective on shares of CoreWeave in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $114.16.

Hedge Funds Weigh In On CoreWeave

A number of institutional investors have recently modified their holdings of CRWV. Chelsea Counsel Co. purchased a new position in shares of CoreWeave in the 2nd quarter valued at $33,000. Archer Investment Corp acquired a new stake in CoreWeave during the 2nd quarter worth about $34,000. Chilton Capital Management LLC acquired a new position in CoreWeave in the 2nd quarter worth approximately $39,000. TD Waterhouse Canada Inc. acquired a new position in CoreWeave during the second quarter valued at $47,000. Finally, Montag A & Associates Inc. purchased a new stake in shares of CoreWeave in the second quarter worth about $49,000.

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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