Insider Selling: CoreWeave (NASDAQ:CRWV) CFO Sells 10,062 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) CFO Nitin Agrawal sold 10,062 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $99.82, for a total transaction of $1,004,388.84. Following the completion of the sale, the chief financial officer directly owned 199,279 shares of the company’s stock, valued at approximately $19,892,029.78. This trade represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nitin Agrawal also recently made the following trade(s):

  • On Wednesday, April 8th, Nitin Agrawal sold 14 shares of CoreWeave stock. The shares were sold at an average price of $92.00, for a total transaction of $1,288.00.
  • On Tuesday, March 31st, Nitin Agrawal sold 16 shares of CoreWeave stock. The shares were sold at an average price of $74.05, for a total transaction of $1,184.80.
  • On Tuesday, March 17th, Nitin Agrawal sold 38,456 shares of CoreWeave stock. The shares were sold at an average price of $83.23, for a total transaction of $3,200,692.88.
  • On Wednesday, March 11th, Nitin Agrawal sold 63,157 shares of CoreWeave stock. The shares were sold at an average price of $79.68, for a total transaction of $5,032,349.76.
  • On Tuesday, March 3rd, Nitin Agrawal sold 3,920 shares of CoreWeave stock. The shares were sold at an average price of $73.20, for a total transaction of $286,944.00.

CoreWeave Stock Performance

Shares of NASDAQ:CRWV traded down $2.09 on Friday, reaching $105.49. The company’s stock had a trading volume of 19,860,247 shares, compared to its average volume of 29,885,526. The stock’s 50-day moving average is $100.22 and its two-hundred day moving average is $90.88. CoreWeave Inc. has a 52-week low of $63.80 and a 52-week high of $187.00. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $47.21 billion, a P/E ratio of -33.92 and a beta of 7.84.

CoreWeave (NASDAQ:CRWVGet Free Report) last announced its earnings results on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The business had revenue of $1.57 billion during the quarter. CoreWeave’s revenue was up 110.4% compared to the same quarter last year. As a group, sell-side analysts forecast that CoreWeave Inc. will post -4.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CRWV shares. Bank of America raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Tuesday, March 24th. Citigroup increased their price target on shares of CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. DA Davidson reissued a “neutral” rating and set a $100.00 price target (down from $175.00) on shares of CoreWeave in a report on Monday. JPMorgan Chase & Co. increased their price target on shares of CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Roth Mkm reissued a “buy” rating and set a $150.00 price target on shares of CoreWeave in a report on Friday, May 8th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $129.63.

Get Our Latest Report on CoreWeave

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC grew its position in shares of CoreWeave by 272.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after purchasing an additional 251 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of CoreWeave in the third quarter valued at approximately $27,000. Aspect Partners LLC acquired a new stake in shares of CoreWeave in the third quarter valued at approximately $28,000. Cullen Frost Bankers Inc. grew its position in shares of CoreWeave by 45.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after purchasing an additional 121 shares during the last quarter. Finally, Greenline Wealth Management LLC acquired a new stake in shares of CoreWeave in the fourth quarter valued at approximately $28,000.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

About CoreWeave

(Get Free Report)

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.

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