Brannin Mcbee Sells 3,683 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Brannin Mcbee sold 3,683 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 $367,637.06. Following the sale, the insider owned 318,086 shares of the company’s stock, valued at $31,751,344.52. This trade represents a 1.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Brannin Mcbee also recently made the following trade(s):

  • On Monday, April 27th, Brannin Mcbee sold 87,500 shares of CoreWeave stock. The shares were sold at an average price of $109.03, for a total transaction of $9,540,125.00.
  • On Monday, April 27th, Brannin Mcbee sold 200,000 shares of CoreWeave stock. The shares were sold at an average price of $109.03, for a total transaction of $21,806,000.00.
  • On Monday, April 27th, Brannin Mcbee sold 45,850 shares of CoreWeave stock. The shares were sold at an average price of $109.03, for a total transaction of $4,999,025.50.
  • On Monday, April 20th, Brannin Mcbee sold 87,500 shares of CoreWeave stock. The shares were sold at an average price of $115.94, for a total transaction of $10,144,750.00.
  • On Monday, April 20th, Brannin Mcbee sold 200,000 shares of CoreWeave stock. The shares were sold at an average price of $115.93, for a total transaction of $23,186,000.00.
  • On Monday, April 20th, Brannin Mcbee sold 45,830 shares of CoreWeave stock. The shares were sold at an average price of $115.94, for a total transaction of $5,313,530.20.
  • On Monday, April 13th, Brannin Mcbee sold 100,000 shares of CoreWeave stock. The shares were sold at an average price of $110.81, for a total transaction of $11,081,000.00.
  • On Monday, April 13th, Brannin Mcbee sold 43,750 shares of CoreWeave stock. The shares were sold at an average price of $110.82, for a total transaction of $4,848,375.00.
  • On Monday, April 13th, Brannin Mcbee sold 22,915 shares of CoreWeave stock. The shares were sold at an average price of $110.82, for a total transaction of $2,539,440.30.
  • On Monday, April 6th, Brannin Mcbee sold 66,665 shares of CoreWeave stock. The shares were sold at an average price of $81.25, for a total transaction of $5,416,531.25.

CoreWeave Stock Down 1.9%

CRWV stock traded down $2.09 during midday trading on Friday, reaching $105.49. 19,860,247 shares of the company’s stock traded hands, compared to its average volume of 29,885,526. The company has a market cap of $47.21 billion, a price-to-earnings ratio of -33.92 and a beta of 7.84. The firm’s fifty day moving average price is $100.22 and its 200-day moving average price is $90.88. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. CoreWeave Inc. has a 52 week low of $63.80 and a 52 week high of $187.00.

CoreWeave (NASDAQ:CRWVGet Free Report) last announced its quarterly 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 for the quarter. CoreWeave’s revenue for the quarter was up 110.4% on a year-over-year basis. As a group, sell-side analysts forecast that CoreWeave Inc. will post -4.58 earnings per share for the current fiscal year.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

Analyst Ratings Changes

Several analysts have recently issued reports on CRWV shares. Mizuho upped their target price on shares of CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. DA Davidson reiterated a “neutral” rating and issued a $100.00 target price (down from $175.00) on shares of CoreWeave in a research note on Monday. Jefferies Financial Group upped their target price on shares of CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Oppenheimer upped their target price on shares of CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Macquarie Infrastructure reiterated a “neutral” rating and issued a $115.00 target price on shares of CoreWeave in a research note on Tuesday, January 27th. Nineteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, CoreWeave currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.63.

Check Out Our Latest Research Report on CRWV

Hedge Funds Weigh In On CoreWeave

A number of hedge funds and other institutional investors have recently made changes to their positions in CRWV. Sivia Capital Partners LLC purchased a new position in shares of CoreWeave in the 2nd quarter worth about $39,824,000. Quantbot Technologies LP purchased a new position in shares of CoreWeave in the 2nd quarter worth about $311,000. Invesco Ltd. purchased a new position in shares of CoreWeave in the 2nd quarter worth about $882,000. First Trust Advisors LP purchased a new position in shares of CoreWeave in the 2nd quarter worth about $20,260,000. Finally, Baird Financial Group Inc. purchased a new position in shares of CoreWeave in the 2nd quarter worth about $455,000.

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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Insider Buying and Selling by Quarter for CoreWeave (NASDAQ:CRWV)

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