Insider Selling: CoreWeave (NASDAQ:CRWV) Insider Sells 65,606 Shares of Stock

Key Points

• Insider sale: Co‑founder Brian Venturo sold 65,606 shares on Dec. 1 at an average of $74.95 for about $4.92M, cutting his stake by 26.42% to 182,679 shares.
• Quarterly results: CoreWeave reported Q3 revenue of $1.36B (up 133.7% YoY) and an EPS loss of $0.22, beating consensus estimates on both top and bottom lines.
• Market view: the stock traded up ~4.4% to $79.36 midday, and analysts hold a consensus "Moderate Buy" rating with a $130.14 target despite wide 12‑month trading range ($33.51–$187.00).

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Brian Venturo sold 65,606 shares of the firm's stock in a transaction on Monday, December 1st. The stock was sold at an average price of $74.95, for a total transaction of $4,917,169.70. Following the completion of the sale, the insider owned 182,679 shares of the company's stock, valued at $13,691,791.05. The trade was a 26.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

CoreWeave Trading Up 4.4%

Shares of NASDAQ CRWV traded up $3.33 during midday trading on Wednesday, reaching $79.36. The company's stock had a trading volume of 19,734,981 shares, compared to its average volume of 32,352,720. 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 2.66, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a 50 day moving average price of $111.33 and a 200-day moving average price of $120.68.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.14. The company had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.28 billion. CoreWeave's revenue for the quarter was up 133.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.82) earnings per share.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CRWV shares. Compass Point assumed coverage on CoreWeave in a research report on Thursday, November 13th. They issued a "buy" rating and a $150.00 price target for the company. Arete Research upgraded shares of CoreWeave from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Moffett Nathanson upped their price target on CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 19th. Bank of America decreased their target price on CoreWeave from $168.00 to $140.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of CoreWeave in a report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, CoreWeave presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Chelsea Counsel Co. purchased a new position in shares of CoreWeave in the second quarter worth about $33,000. Family Legacy Financial Solutions LLC boosted its position in CoreWeave by 166.7% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock valued at $27,000 after buying an additional 125 shares during the period. HighMark Wealth Management LLC acquired a new position in CoreWeave during the 3rd quarter worth approximately $27,000. OLD Second National Bank of Aurora acquired a new stake in shares of CoreWeave during the 3rd quarter worth about $27,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of CoreWeave during the third quarter worth about $27,000.

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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