CoreWeave (NASDAQ:CRWV) CFO Nitin Agrawal Sells 5,383 Shares

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) CFO Nitin Agrawal sold 5,383 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $90.84, for a total transaction of $488,991.72. Following the completion of the sale, the chief financial officer directly owned 173,105 shares of the company’s stock, valued at approximately $15,724,858.20. The trade was a 3.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Nitin Agrawal also recently made the following trade(s):

  • On Tuesday, December 16th, Nitin Agrawal sold 36,317 shares of CoreWeave stock. The stock was sold at an average price of $69.18, for a total transaction of $2,512,410.06.
  • On Thursday, December 11th, Nitin Agrawal sold 66,467 shares of CoreWeave stock. The shares were sold at an average price of $82.58, for a total value of $5,488,844.86.

CoreWeave Price Performance

NASDAQ CRWV traded up $8.46 during midday trading on Tuesday, hitting $99.30. The company had a trading volume of 24,088,379 shares, compared to its average volume of 27,033,365. The company has a market capitalization of $38.37 billion and a PE ratio of -68.48. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month high of $187.00. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 2.66. The firm has a 50-day moving average price of $87.08 and a 200-day moving average price of $100.62.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

Wall Street Analyst Weigh In

Several research firms recently issued reports on CRWV. Loop Capital reduced their price target on shares of CoreWeave from $165.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Evercore reduced their price objective on CoreWeave from $175.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. Roth Mkm reissued a “buy” rating on shares of CoreWeave in a research note on Monday. Compass Point initiated coverage on shares of CoreWeave in a report on Thursday, November 13th. They issued a “buy” rating and a $150.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft raised shares of CoreWeave from a “hold” rating to a “buy” rating and increased their price objective for the company from $100.00 to $140.00 in a research note on Tuesday, January 27th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $125.45.

Check Out Our Latest Analysis on CRWV

Hedge Funds Weigh In On CoreWeave

A number of hedge funds have recently modified their holdings of the business. Floyd Financial Group LLC increased its holdings in CoreWeave by 111.0% in the fourth quarter. Floyd Financial Group LLC now owns 16,748 shares of the company’s stock valued at $1,199,000 after purchasing an additional 8,809 shares during the period. Virtu Financial LLC acquired a new position in CoreWeave during the 4th quarter worth about $11,907,000. Mcguire Capital Advisors Inc. bought a new stake in shares of CoreWeave in the 4th quarter valued at about $105,000. Compound Planning Inc. bought a new stake in shares of CoreWeave in the 4th quarter valued at about $6,236,000. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of CoreWeave in the fourth quarter valued at about $718,000.

About CoreWeave

(Get Free Report)

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.

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Insider Buying and Selling by Quarter for CoreWeave (NASDAQ:CRWV)

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