CoreWeave (NASDAQ:CRWV) CFO Nitin Agrawal Sells 5,508 Shares

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) CFO Nitin Agrawal sold 5,508 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $102.17, for a total value of $562,752.36. Following the sale, the chief financial officer directly owned 193,771 shares of the company’s stock, valued at $19,797,583.07. This represents a 2.76% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Wednesday, May 20th, Nitin Agrawal sold 10,062 shares of CoreWeave stock. The shares were sold at an average price of $99.82, for a total value of $1,004,388.84.
  • 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 value 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 value 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 value 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 value 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 value of $286,944.00.

CoreWeave Stock Up 2.5%

NASDAQ CRWV opened at $109.53 on Friday. The stock has a fifty day moving average of $102.63 and a 200-day moving average of $90.63. The stock has a market capitalization of $49.02 billion, a P/E ratio of -35.22 and a beta of 7.84. 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 quick ratio of 0.31 and a current ratio of 0.31.

CoreWeave (NASDAQ:CRWVGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The company had revenue of $2.08 billion for the quarter. During the same period in the previous year, the business posted ($0.60) earnings per share. The firm’s revenue for the quarter was up 111.6% compared to the same quarter last year. On average, equities research analysts forecast that CoreWeave Inc. will post -4.57 EPS for the current year.

Institutional Trading of CoreWeave

A number of institutional investors have recently modified their holdings of the company. CTC Alternative Strategies Ltd. bought a new stake in shares of CoreWeave in the first quarter valued at about $852,000. Liontrust Investment Partners LLP lifted its holdings in shares of CoreWeave by 24.1% in the first quarter. Liontrust Investment Partners LLP now owns 127,752 shares of the company’s stock valued at $9,897,000 after purchasing an additional 24,843 shares in the last quarter. SOA Wealth Advisors LLC. lifted its holdings in shares of CoreWeave by 79.0% in the first quarter. SOA Wealth Advisors LLC. now owns 886 shares of the company’s stock valued at $69,000 after purchasing an additional 391 shares in the last quarter. Pathway Wealth Management LLC lifted its holdings in shares of CoreWeave by 2.9% in the first quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock valued at $278,000 after purchasing an additional 100 shares in the last quarter. Finally, Western Wealth Management LLC bought a new stake in CoreWeave during the first quarter worth about $300,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Sanford C. Bernstein lifted their price objective on CoreWeave from $56.00 to $67.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of CoreWeave in a research note on Friday, February 27th. HC Wainwright reaffirmed a “buy” rating and set a $180.00 price objective on shares of CoreWeave in a research note on Monday, March 2nd. Jefferies Financial Group lifted their target price on CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Mizuho lifted their target price on CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Nineteen 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.63.

Read Our Latest Stock Report on CRWV

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CoreWeave Company Profile

(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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