CoreWeave (NASDAQ:CRWV) Shares Down 1.3% Following Insider Selling

Shares of CoreWeave Inc. (NASDAQ:CRWV) were down 1.3% during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as $73.47 and last traded at $77.36. Approximately 52,208,950 shares changed hands during trading, an increase of 119% from the average daily volume of 23,855,338 shares. The stock had previously closed at $78.34.

Specifically, SVP Chen Goldberg sold 13,740 shares of CoreWeave stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $90.79, for a total transaction of $1,247,454.60. Following the transaction, the senior vice president owned 23,344 shares in the company, valued at $2,119,401.76. The trade was a 37.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. DA Davidson restated an “underperform” rating and set a $36.00 target price on shares of CoreWeave in a report on Tuesday. HC Wainwright restated a “buy” rating and set a $180.00 price objective on shares of CoreWeave in a report on Wednesday. Citizens Jmp raised shares of CoreWeave from a “market perform” rating to an “outperform” rating and set a $180.00 target price for the company in a research note on Tuesday, September 16th. Morgan Stanley increased their target price on CoreWeave from $91.00 to $99.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Jefferies Financial Group cut their price target on CoreWeave from $180.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $128.62.

CoreWeave Stock Down 1.3%

The firm’s 50-day simple moving average is $123.05 and its 200 day simple moving average is $118.32. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market capitalization of $37.80 billion and a P/E ratio of -67.86.

CoreWeave (NASDAQ:CRWV) last released its earnings results on Monday, November 10th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.14. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company posted ($1.82) EPS. The business’s revenue was up 133.7% on a year-over-year basis. CoreWeave has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On CoreWeave

Institutional investors and hedge funds have recently made changes to their positions in the stock. Costello Asset Management INC raised its holdings in CoreWeave by 33.3% in the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company’s stock valued at $65,000 after acquiring an additional 100 shares during the period. Chilton Capital Management LLC increased its stake in shares of CoreWeave by 50.2% during the third quarter. Chilton Capital Management LLC now owns 362 shares of the company’s stock worth $50,000 after purchasing an additional 121 shares during the period. Family Legacy Financial Solutions LLC lifted its holdings in CoreWeave by 166.7% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock worth $27,000 after purchasing an additional 125 shares during the last quarter. CoreCap Advisors LLC boosted its stake in CoreWeave by 29.6% in the 3rd quarter. CoreCap Advisors LLC now owns 644 shares of the company’s stock valued at $88,000 after purchasing an additional 147 shares during the period. Finally, Pittenger & Anderson Inc. grew its holdings in CoreWeave by 36.0% in the 3rd quarter. Pittenger & Anderson Inc. now owns 680 shares of the company’s stock valued at $93,000 after buying an additional 180 shares in the last quarter.

CoreWeave Company Profile

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.