Nitin Agrawal Sells 5,509 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) CFO Nitin Agrawal sold 5,509 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $88.64, for a total value of $488,317.76. Following the transaction, the chief financial officer directly owned 132,596 shares in the company, valued at $11,753,309.44. The trade was a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 20th, Nitin Agrawal sold 10,062 shares of CoreWeave stock. The stock was sold at an average price of $91.88, for a total value of $924,496.56.
• On Wednesday, July 8th, Nitin Agrawal sold 3 shares of CoreWeave stock. The stock was sold at an average price of $82.98, for a total value of $248.94.
• On Tuesday, June 30th, Nitin Agrawal sold 4 shares of CoreWeave stock. The shares were sold at an average price of $95.69, for a total value of $382.76.
• On Tuesday, June 16th, Nitin Agrawal sold 58,429 shares of CoreWeave stock. The shares were sold at an average price of $116.70, for a total value of $6,818,664.30.
• On Thursday, June 11th, Nitin Agrawal sold 63,891 shares of CoreWeave stock. The stock was sold at an average price of $93.35, for a total transaction of $5,964,224.85.

CoreWeave Stock Performance

CRWV stock opened at $84.23 on Friday. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a market cap of $38.65 billion, a P/E ratio of -23.08 and a beta of 7.44. The firm has a 50 day simple moving average of $87.16 and a 200 day simple moving average of $94.80. CoreWeave Inc. has a 52 week low of $60.55 and a 52 week high of $153.20.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.38. The firm had revenue of $2.58 billion for the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The business’s revenue for the quarter was up 112.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.27) earnings per share. Research analysts anticipate that CoreWeave Inc. will post -5.19 earnings per share for the current fiscal year.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave is being integrated into Rescale’s AI cloud platform, extending its reach into engineering, simulation, research and development, and other enterprise workloads. The partnership could broaden customer adoption and improve utilization of CoreWeave’s GPU infrastructure. CoreWeave Enters Next Generation Engineering AI Workloads
• Positive Sentiment: Truist said NVIDIA’s reported 17% GPU price increase may not materially damage CoreWeave’s margins. Strong AI demand, customer pricing power, and contract structures could allow CoreWeave to pass through higher equipment costs, supporting the firm’s bullish outlook. NVIDIA’s GPU Price Hikes Look Bad for CoreWeave
• Neutral Sentiment: CoreWeave’s latest results showed revenue growth of 112.5% year over year to $2.58 billion, while adjusted losses were narrower than analysts expected. However, the company remains unprofitable, with analysts forecasting a full-year loss, and carries a debt-to-equity ratio of 5.53. Analyst opinions are mixed, although the consensus rating remains “Moderate Buy.”
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth approximately $27.3 million, while CFO Nitin Agrawal sold about $488,000. The transactions were made under pre-arranged Rule 10b5-1 plans, which limits their value as a signal of current management sentiment, but the combined sales add near-term supply and investor concern. CoreWeave Insider Selling
• Negative Sentiment: Investors continue to debate whether rising GPU costs, potential future price competition among “neocloud” providers, and CoreWeave’s substantial debt will limit profitability. Those risks are particularly important because the company is investing heavily to expand capacity despite negative earnings and weak liquidity ratios.

Institutional Investors Weigh In On CoreWeave

A number of large investors have recently bought and sold shares of the business. California State Teachers Retirement System raised its holdings in CoreWeave by 12,886.8% during the second quarter. California State Teachers Retirement System now owns 41,559,344 shares of the company’s stock valued at $4,136,817,000 after buying an additional 41,239,333 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of CoreWeave by 275.6% during the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after acquiring an additional 20,487,478 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in shares of CoreWeave by 446,194.0% during the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after acquiring an additional 17,847,760 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of CoreWeave by 55.7% during the 2nd quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock valued at $1,084,117,000 after acquiring an additional 3,897,741 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in shares of CoreWeave by 22,624.0% in the 4th quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock valued at $273,039,000 after acquiring an additional 3,796,077 shares in the last quarter.

Analyst Upgrades and Downgrades

CRWV has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. The Goldman Sachs Group boosted their target price on CoreWeave from $121.00 to $139.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. Cantor Fitzgerald set a $176.00 target price on CoreWeave and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Jefferies Financial Group downgraded CoreWeave from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Citigroup lifted their price target on CoreWeave from $142.00 to $159.00 and gave the company a “buy” rating in a report on Friday, August 14th. Twenty-one research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, CoreWeave has an average rating of “Moderate Buy” and an average price target of $141.90.

About CoreWeave

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.