Insider Selling: CoreWeave (NASDAQ:CRWV) Insider Sells 65,593 Shares of Stock

Key Points

• CoreWeave insider Brian Venturo sold 65,593 shares for approximately $9.15 million, decreasing his ownership stake by 17.87% to 301,509 shares.
• The company's recent earnings report showed a loss of ($0.27) EPS, missing analysts' expectations, but revenue increased by 206.7% year-over-year.
• Analysts have set varying price targets for CoreWeave, with Bank of America lowering theirs from $185.00 to $168.00, while Citizens Jmp raised their target to $180.00.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Brian Venturo sold 65,593 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $139.44, for a total transaction of $9,146,287.92. Following the completion of the transaction, the insider owned 301,509 shares of the company's stock, valued at $42,042,414.96. This trade represents a 17.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CoreWeave Trading Up 0.7%

NASDAQ:CRWV traded up $0.95 during trading hours on Thursday, reaching $138.00. 21,499,154 shares of the company's stock were exchanged, compared to its average volume of 34,054,084. CoreWeave Inc. has a 12 month low of $33.51 and a 12 month high of $187.00. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a 50-day moving average price of $111.53.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The business had revenue of $1.21 million for the quarter. CoreWeave's revenue was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Analysts Set New Price Targets

CRWV has been the topic of several research analyst reports. Bank of America decreased their price target on shares of CoreWeave from $185.00 to $168.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 13th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $116.00 price objective on shares of CoreWeave in a report on Tuesday, September 16th. HSBC began coverage on shares of CoreWeave in a report on Wednesday, July 16th. They set a "reduce" rating and a $32.00 price objective for the company. Citizens Jmp raised shares of CoreWeave from a "market perform" rating to an "outperform" rating and set a $180.00 price objective for the company in a report on Tuesday, September 16th. Finally, Melius Research set a $165.00 price objective on shares of CoreWeave and gave the stock a "buy" rating in a report on Tuesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $127.64.

Hedge Funds Weigh In On CoreWeave

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