CoreWeave (NASDAQ:CRWV) Trading Down 5.4% After Insider Selling

CoreWeave Inc. (NASDAQ:CRWV) fell 5.4% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $90.75 and last traded at $91.60. 12,398,970 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 19,750,244 shares. The stock had previously closed at $96.80.

Specifically, major shareholder Magnetar Financial Llc sold 915,382 shares of CoreWeave stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $100.15, for a total transaction of $91,675,507.30. Following the sale, the insider directly owned 397,757 shares in the company, valued at approximately $39,835,363.55. The trade was a 69.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Magnetar Financial Llc sold 549,682 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $100.78, for a total transaction of $55,396,951.96. Following the completion of the transaction, the insider directly owned 395,707 shares of the company’s stock, valued at $39,879,351.46. This trade represents a 58.14% decrease in their position. The disclosure for this sale can be found here. In other CoreWeave news, Director Jack D. Cogen sold 1,000,000 shares of CoreWeave stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $100.20, for a total transaction of $100,200,000.00. Following the sale, the director directly owned 13,441,680 shares of the company’s stock, valued at approximately $1,346,856,336. The trade was a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Analyst Upgrades and Downgrades

CRWV has been the subject of several analyst reports. JMP Securities initiated coverage on CoreWeave in a research report on Thursday, May 22nd. They set a “market perform” rating for the company. Stifel Nicolaus increased their price objective on CoreWeave from $115.00 to $120.00 and gave the stock a “hold” rating in a research note on Wednesday, August 13th. Mizuho reissued a “neutral” rating and set a $150.00 price objective (up from $70.00) on shares of CoreWeave in a report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of CoreWeave in a research note on Wednesday, August 13th. Finally, Hsbc Global Res upgraded shares of CoreWeave to a “moderate sell” rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $100.90.

CoreWeave Price Performance

The stock’s 50-day simple moving average is $135.94. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52.

CoreWeave (NASDAQ:CRWV) last released its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The firm had revenue of $1.21 million during the quarter. The business’s quarterly revenue was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CRWV. Costello Asset Management INC grew its position in shares of CoreWeave by 33.3% during the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company’s stock worth $65,000 after buying an additional 100 shares during the period. Chelsea Counsel Co. bought a new position in CoreWeave in the second quarter valued at approximately $33,000. Archer Investment Corp acquired a new stake in CoreWeave during the 2nd quarter worth $34,000. Chilton Capital Management LLC acquired a new stake in CoreWeave during the 2nd quarter worth $39,000. Finally, SOA Wealth Advisors LLC. raised its position in shares of CoreWeave by 275.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company’s stock valued at $61,000 after acquiring an additional 275 shares during the last quarter.

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.