CoreWeave (NASDAQ:CRWV) Shares Down 6.5% on Insider Selling

CoreWeave Inc. (NASDAQ:CRWV)’s stock price traded down 6.5% during mid-day trading on Thursday following insider selling activity. The stock traded as low as $104.10 and last traded at $106.93. 25,942,397 shares traded hands during trading, an increase of 13% from the average session volume of 22,948,182 shares. The stock had previously closed at $114.42.

Specifically, insider Brian M. Venturo sold 29,916 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $127.94, for a total value of $3,827,453.04. Following the transaction, the insider directly owned 215,486 shares of the company’s stock, valued at $27,569,278.84. This trade represents a 12.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Magnetar Financial Llc sold 7,688 shares of CoreWeave stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $134.94, for a total transaction of $1,037,418.72. Following the sale, the insider owned 299,512 shares in the company, valued at approximately $40,416,149.28. This represents a 2.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In related news, major shareholder Magnetar Financial Llc sold 216,010 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $134.69, for a total transaction of $29,094,386.90. Following the transaction, the insider owned 301,490 shares in the company, valued at $40,607,688.10. The trade was a 41.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Upgrades and Downgrades

CRWV has been the topic of several recent research reports. Melius raised shares of CoreWeave from a “hold” rating to a “buy” rating and set a $165.00 price objective on the stock in a report on Tuesday, September 23rd. Arete Research raised shares of CoreWeave from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 21st. HC Wainwright raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a report on Thursday, August 21st. HSBC initiated coverage on shares of CoreWeave in a research report on Wednesday, July 16th. They issued a “reduce” rating and a $32.00 price objective on the stock. Finally, Raymond James Financial initiated coverage on shares of CoreWeave in a research report on Monday, September 15th. They issued an “outperform” rating and a $130.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $129.71.

CoreWeave Trading Down 6.5%

The stock has a 50 day moving average of $123.27 and a 200-day moving average of $116.56. The company has a market capitalization of $52.24 billion and a P/E ratio of -93.80. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79.

CoreWeave (NASDAQ:CRWV) last released its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The business had revenue of $1.21 million during the quarter. CoreWeave’s revenue was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Institutional Trading of CoreWeave

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Costello Asset Management INC lifted its stake in CoreWeave by 33.3% during the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company’s stock worth $65,000 after acquiring an additional 100 shares in the last quarter. Chilton Capital Management LLC raised its position in CoreWeave by 50.2% in the 3rd quarter. Chilton Capital Management LLC now owns 362 shares of the company’s stock valued at $50,000 after purchasing an additional 121 shares in the last quarter. Family Legacy Financial Solutions LLC raised its position 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 purchasing an additional 125 shares in the last quarter. CoreCap Advisors LLC raised its position in CoreWeave by 29.6% in the 3rd quarter. CoreCap Advisors LLC now owns 644 shares of the company’s stock valued at $88,000 after purchasing an additional 147 shares in the last quarter. Finally, Pittenger & Anderson Inc. raised its position in CoreWeave by 36.0% in the 3rd quarter. Pittenger & Anderson Inc. now owns 680 shares of the company’s stock valued at $93,000 after purchasing an additional 180 shares in the last quarter.

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.