CoreWeave (NASDAQ:CRWV) Trading Down 1.7% Following Insider Selling

Shares of CoreWeave Inc. (NASDAQ:CRWV) traded down 1.7% on Thursday after an insider sold shares in the company. The stock traded as low as $87.74 and last traded at $88.32. 4,547,884 shares traded hands during trading, a decline of 78% from the average session volume of 20,560,545 shares. The stock had previously closed at $89.88.

Specifically, Director Jack D. Cogen sold 1,112,004 shares of CoreWeave stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the sale, the director owned 12,329,676 shares of the company’s stock, valued at $1,167,497,020.44. The trade was a 8.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Chen Goldberg sold 56,294 shares of CoreWeave stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $93.17, for a total value of $5,244,911.98. Following the sale, the senior vice president directly owned 18,764 shares in the company, valued at $1,748,241.88. The trade was a 75.00% decrease in their position. The disclosure for this sale can be found here. In other CoreWeave news, insider Brannin Mcbee sold 375,000 shares of CoreWeave stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $93.17, for a total transaction of $34,938,750.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Analyst Ratings Changes

CRWV has been the topic of a number of research reports. JMP Securities initiated coverage on CoreWeave in a research note on Thursday, May 22nd. They issued a “market perform” rating on the stock. Bank of America dropped their price objective on CoreWeave from $185.00 to $168.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 13th. Stifel Nicolaus boosted 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. Moffett Nathanson boosted their price objective on CoreWeave from $56.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 19th. Finally, Morgan Stanley boosted their price objective on CoreWeave from $58.00 to $91.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $107.45.

CoreWeave Trading Up 1.8%

The firm has a 50-day simple moving average of $119.14. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) 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 company’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

Institutional investors and hedge funds have recently bought and sold shares of the company. Chelsea Counsel Co. acquired a new stake in shares of CoreWeave in the second quarter worth about $33,000. Archer Investment Corp acquired a new stake in shares of CoreWeave in the second quarter worth about $34,000. Chilton Capital Management LLC acquired a new stake in shares of CoreWeave in the second quarter worth about $39,000. TD Waterhouse Canada Inc. acquired a new stake in shares of CoreWeave in the second quarter worth about $47,000. Finally, Montag A & Associates Inc. acquired a new stake in shares of CoreWeave in the second quarter worth about $49,000.

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.