Brannin Mcbee Sells 102,835 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Brannin Mcbee sold 102,835 shares of CoreWeave stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $85.30, for a total value of $8,771,825.50. Following the completion of the sale, the insider owned 185,181 shares of the company’s stock, valued at $15,795,939.30. The trade was a 35.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Brannin Mcbee also recently made the following trade(s):

  • On Monday, December 22nd, Brannin Mcbee sold 63,835 shares of CoreWeave stock. The stock was sold at an average price of $85.30, for a total transaction of $5,445,125.50.
  • On Monday, December 15th, Brannin Mcbee sold 28,000 shares of CoreWeave stock. The shares were sold at an average price of $73.59, for a total value of $2,060,520.00.
  • On Monday, December 15th, Brannin Mcbee sold 102,835 shares of CoreWeave stock. The shares were sold at an average price of $73.57, for a total value of $7,565,570.95.
  • On Monday, December 15th, Brannin Mcbee sold 35,335 shares of CoreWeave stock. The stock was sold at an average price of $73.58, for a total transaction of $2,599,949.30.
  • On Monday, December 15th, Brannin Mcbee sold 500 shares of CoreWeave stock. The shares were sold at an average price of $73.68, for a total value of $36,840.00.
  • On Monday, December 8th, Brannin Mcbee sold 63,835 shares of CoreWeave stock. The stock was sold at an average price of $83.80, for a total value of $5,349,373.00.
  • On Monday, December 8th, Brannin Mcbee sold 102,835 shares of CoreWeave stock. The shares were sold at an average price of $83.80, for a total value of $8,617,573.00.
  • On Tuesday, December 2nd, Brannin Mcbee sold 34,335 shares of CoreWeave stock. The shares were sold at an average price of $78.61, for a total value of $2,699,074.35.
  • On Tuesday, December 2nd, Brannin Mcbee sold 500 shares of CoreWeave stock. The stock was sold at an average price of $78.61, for a total transaction of $39,305.00.
  • On Tuesday, December 2nd, Brannin Mcbee sold 102,835 shares of CoreWeave stock. The stock was sold at an average price of $78.61, for a total value of $8,083,859.35.

CoreWeave Price Performance

NASDAQ:CRWV traded down $4.57 during midday trading on Tuesday, hitting $80.26. 22,122,043 shares of the company traded hands, compared to its average volume of 29,919,994. The firm’s fifty day moving average is $96.36 and its 200-day moving average is $117.12. CoreWeave Inc. has a 12-month low of $33.51 and a 12-month high of $187.00. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.49 and a current ratio of 0.49.

CoreWeave (NASDAQ:CRWVGet Free Report) last released its earnings results on Monday, November 10th. The company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.14. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. The company’s quarterly revenue was up 133.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.82) EPS.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. JMP Securities upgraded CoreWeave from a “market perform” rating to a “market outperform” rating and set a $180.00 target price on the stock in a research note on Tuesday, September 16th. Evercore ISI dropped their price target on CoreWeave from $175.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. The Goldman Sachs Group decreased their price objective on shares of CoreWeave from $120.00 to $105.00 and set a “neutral” rating for the company in a research report on Monday, November 17th. Barclays lowered their target price on shares of CoreWeave from $140.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 12th. Finally, Stifel Nicolaus set a $120.00 price target on shares of CoreWeave in a research note on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $127.70.

Get Our Latest Stock Report on CoreWeave

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Chelsea Counsel Co. acquired a new position in shares of CoreWeave in the second quarter valued at approximately $33,000. Family Legacy Financial Solutions LLC increased its stake in CoreWeave by 166.7% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock valued at $27,000 after buying an additional 125 shares during the period. HighMark Wealth Management LLC purchased a new position in CoreWeave during the 3rd quarter worth $27,000. OLD Second National Bank of Aurora purchased a new position in CoreWeave during the 3rd quarter worth $27,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of CoreWeave in the 3rd quarter worth $27,000.

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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