Insider Selling: CoreWeave (NASDAQ:CRWV) Insider Sells $24,629,062.50 in Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Brian Venturo sold 281,250 shares of CoreWeave stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $87.57, for a total transaction of $24,629,062.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CoreWeave Trading Down 1.3%

CRWV traded down $0.98 during trading on Friday, hitting $77.36. 52,312,445 shares of the stock were exchanged, compared to its average volume of 27,050,436. 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 firm has a 50 day simple moving average of $122.82 and a 200 day simple moving average of $118.56. The firm has a market cap of $37.80 billion and a price-to-earnings ratio of -67.86. CoreWeave Inc. has a 1 year low of $33.51 and a 1 year high of $187.00.

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

Institutional Trading of CoreWeave

Several large investors have recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC purchased a new stake in shares of CoreWeave during the 3rd quarter worth about $8,853,000. SummitTX Capital L.P. acquired a new position in CoreWeave in the 3rd quarter worth about $1,863,000. Ancora Advisors LLC purchased a new position in CoreWeave during the third quarter worth approximately $212,000. Raymond James Financial Inc. grew its holdings in CoreWeave by 151.5% in the third quarter. Raymond James Financial Inc. now owns 480,348 shares of the company’s stock valued at $65,736,000 after purchasing an additional 289,368 shares during the period. Finally, Amundi lifted its position in shares of CoreWeave by 559.1% during the 3rd quarter. Amundi now owns 31,513 shares of the company’s stock valued at $4,218,000 after buying an additional 26,732 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CRWV shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $110.00 price objective on shares of CoreWeave in a research report on Tuesday. Arete raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research report on Thursday, August 21st. Barclays cut their price objective on shares of CoreWeave from $140.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Mizuho reduced their price objective on shares of CoreWeave from $150.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Wells Fargo & Company decreased their target price on shares of CoreWeave from $170.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday. Two investment 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $128.62.

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.