CoreWeave (NASDAQ:CRWV) Insider Kristen Mcveety Sells 2,231 Shares

CoreWeave Inc. (NASDAQ:CRWV) insider Kristen Mcveety sold 2,231 shares of CoreWeave stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $82.55, for a total transaction of $184,169.05. Following the completion of the transaction, the insider directly owned 2,195 shares in the company, valued at $181,197.25. This represents a 50.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CoreWeave Stock Performance

Shares of CoreWeave stock traded up $2.44 during midday trading on Friday, hitting $71.65. The company had a trading volume of 38,795,420 shares, compared to its average volume of 24,159,816. The company has a fifty day simple moving average of $119.43 and a 200 day simple moving average of $119.50. The stock has a market cap of $27.69 billion and a price-to-earnings ratio of -49.41. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 2.66. CoreWeave Inc. has a 12-month low of $33.51 and a 12-month high of $187.00.

CoreWeave (NASDAQ:CRWV) last released its earnings results on Monday, November 10th. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.14. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.28 billion. The firm’s revenue for the quarter was up 133.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.82) EPS. CoreWeave has set its FY 2025 guidance at EPS.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Family Legacy Financial Solutions LLC raised its position in CoreWeave by 166.7% in the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock valued at $27,000 after purchasing an additional 125 shares during the period. HighMark Wealth Management LLC purchased a new stake in CoreWeave in the 3rd quarter valued at about $27,000. OLD Second National Bank of Aurora acquired a new position in CoreWeave in the third quarter valued at about $27,000. Princeton Global Asset Management LLC purchased a new position in CoreWeave during the third quarter worth about $28,000. Finally, Aspect Partners LLC purchased a new position in CoreWeave during the third quarter worth about $28,000.

Analyst Upgrades and Downgrades

CRWV has been the topic of a number of recent research reports. Stifel Nicolaus set a $120.00 target price on CoreWeave in a research note on Tuesday, November 11th. Citigroup raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a report on Thursday, July 31st. Jefferies Financial Group cut their target price on shares of CoreWeave from $180.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Seaport Res Ptn upgraded CoreWeave to a “hold” rating in a report on Monday, September 15th. Finally, JMP Securities raised CoreWeave from a “market perform” rating to a “market outperform” rating and set a $180.00 target price for the company in a report on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $130.14.

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.