Michael Intrator Sells 50,000 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) CEO Michael Intrator sold 50,000 shares of CoreWeave stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $74.71, for a total transaction of $3,735,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

CoreWeave Stock Up 3.5%

NASDAQ:CRWV traded up $2.44 during mid-day trading on Friday, reaching $71.65. The stock had a trading volume of 38,795,420 shares, compared to its average volume of 24,159,816. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.49 and a quick ratio of 0.49. CoreWeave Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The business’s 50 day moving average is $119.43 and its 200 day moving average is $119.50. The stock has a market cap of $27.69 billion and a P/E ratio of -49.41.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data 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 business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the company posted ($1.82) earnings per share. The firm’s revenue was up 133.7% compared to the same quarter last year. CoreWeave has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On CoreWeave

A number of large investors have recently made changes to their positions in CRWV. Family Legacy Financial Solutions LLC grew its stake in shares of CoreWeave by 166.7% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock worth $27,000 after buying an additional 125 shares during the last quarter. HighMark Wealth Management LLC purchased a new position in shares of CoreWeave in the third quarter worth $27,000. OLD Second National Bank of Aurora purchased a new position in CoreWeave during the 3rd quarter valued at approximately $27,000. Princeton Global Asset Management LLC bought a new stake in CoreWeave during the third quarter worth approximately $28,000. Finally, Aspect Partners LLC bought a new stake in CoreWeave in the third quarter worth about $28,000.

Analyst Upgrades and Downgrades

CRWV has been the topic of a number of research analyst reports. Evercore ISI dropped their price objective on shares of CoreWeave from $175.00 to $160.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Wells Fargo & Company decreased their target price on shares of CoreWeave from $170.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 12th. Jefferies Financial Group lowered their target price on CoreWeave from $180.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Melius Research set a $140.00 price target on shares of CoreWeave in a report on Tuesday, November 11th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $174.00 price target on shares of CoreWeave in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, CoreWeave currently has a consensus rating of “Moderate Buy” and an average price target of $130.14.

About CoreWeave

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.