CoreWeave (NASDAQ:CRWV) Trading Down 6% Following Insider Selling

CoreWeave Inc. (NASDAQ:CRWV)’s share price dropped 6% during mid-day trading on Friday following insider selling activity. The company traded as low as $105.75 and last traded at $105.95. Approximately 12,934,118 shares changed hands during trading, a decline of 39% from the average daily volume of 21,256,609 shares. The stock had previously closed at $112.69.

Specifically, CEO Michael N. Intrator sold 50,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $118.33, for a total transaction of $5,916,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael N. Intrator sold 32,455 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $118.33, for a total value of $3,840,400.15. Following the completion of the sale, the chief executive officer directly owned 7,120,875 shares of the company’s stock, valued at approximately $842,613,138.75. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In other news, major shareholder Magnetar Financial Llc sold 573,457 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $103.84, for a total value of $59,547,774.88. Following the transaction, the insider directly owned 390,913 shares in the company, valued at approximately $40,592,405.92. This trade represents a 59.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CRWV. Northland Securities upped their price objective on CoreWeave from $85.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Citigroup upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Thursday, July 31st. Morgan Stanley lifted their price target on shares of CoreWeave from $58.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Cantor Fitzgerald started coverage on shares of CoreWeave in a research note on Tuesday, August 26th. They set an “overweight” rating and a $116.00 price objective for the company. Finally, Barclays upped their price target on CoreWeave from $100.00 to $140.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $107.45.

CoreWeave Stock Down 0.6%

The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. The company’s 50 day moving average is $113.83.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The company had revenue of $1.21 million during the quarter. The business’s revenue for the quarter was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL acquired a new stake in CoreWeave during the first quarter worth $318,000. Goldman Sachs Group Inc. bought a new stake in shares of CoreWeave during the first quarter worth $963,000. Howard Financial Services LTD. acquired a new stake in CoreWeave in the 2nd quarter valued at about $489,000. McAlister Sweet & Associates Inc. bought a new position in CoreWeave in the 2nd quarter worth approximately $277,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of CoreWeave during the second quarter worth $117,000.

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.