CoreWeave (NASDAQ:CRWV) Insider Sells 2,100 Shares

CoreWeave Inc. (NASDAQ:CRWV) insider Kristen Mcveety sold 2,100 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $88.03, for a total value of $184,863.00. Following the sale, the insider owned 123,313 shares in the company, valued at $10,855,243.39. The trade was a 1.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Price Performance

Shares of CoreWeave stock traded down $2.57 during midday trading on Friday, hitting $84.23. The company had a trading volume of 17,258,718 shares, compared to its average volume of 30,197,120. 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 company has a fifty day simple moving average of $87.16 and a 200 day simple moving average of $94.80. CoreWeave Inc. has a 12-month low of $60.55 and a 12-month high of $153.20.

CoreWeave (NASDAQ:CRWV) last released its earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, topping analysts’ consensus estimates of ($1.52) by $0.38. The company had revenue of $2.58 billion during the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The firm’s revenue for the quarter was up 112.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.27) earnings per share. As a group, analysts predict that CoreWeave Inc. will post -5.19 earnings per share for the current fiscal year.

Institutional Trading of CoreWeave

Several institutional investors and hedge funds have recently bought and sold shares of CRWV. Cornerstone Planning Group LLC boosted its holdings in shares of CoreWeave by 272.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after acquiring an additional 251 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after purchasing an additional 121 shares during the last quarter. Greenline Wealth Management LLC purchased a new position in shares of CoreWeave during the fourth quarter worth $28,000. Essential Partners LLC acquired a new position in CoreWeave during the second quarter valued at $30,000. Finally, Peterson Wealth Services lifted its position in CoreWeave by 153.1% during the first quarter. Peterson Wealth Services now owns 405 shares of the company’s stock valued at $31,000 after purchasing an additional 245 shares during the period.

Trending Headlines about CoreWeave

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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CRWV shares. Mizuho boosted their price objective on shares of CoreWeave from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Truist Financial raised their target price on CoreWeave from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday. Needham & Company LLC reaffirmed a “hold” rating on shares of CoreWeave in a research report on Thursday, August 13th. The Goldman Sachs Group lifted their price target on CoreWeave from $121.00 to $139.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Finally, Citigroup boosted their price target on CoreWeave from $142.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Twenty-one research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.