CoreWeave (NASDAQ:CRWV) Stock Price Down 2.7% on Insider Selling

CoreWeave Inc. (NASDAQ:CRWV) was down 2.7% during mid-day trading on Friday following insider selling activity. The stock traded as low as $100.02 and last traded at $104.01. Approximately 24,622,833 shares were traded during trading, an increase of 7% from the average daily volume of 22,963,174 shares. The stock had previously closed at $106.93.

Specifically, CEO Michael N. Intrator sold 50,000 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $113.97, for a total transaction of $5,698,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael N. Intrator sold 32,455 shares of CoreWeave stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $113.97, for a total transaction of $3,698,896.35. Following the sale, the chief executive officer directly owned 6,991,055 shares in the company, valued at $796,770,538.35. This trade represents a 0.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In related news, SVP Chen Goldberg sold 19,180 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $118.30, for a total transaction of $2,268,994.00. Following the completion of the transaction, the senior vice president directly owned 37,084 shares in the company, valued at $4,387,037.20. This represents a 34.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Northland Securities boosted their target price on shares of CoreWeave from $85.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Evercore ISI initiated coverage on CoreWeave in a report on Tuesday, September 30th. They set an “outperform” rating and a $175.00 price objective on the stock. 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. Citizens Jmp raised CoreWeave from a “market perform” rating to an “outperform” rating and set a $180.00 price target on the stock in a research note on Tuesday, September 16th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of CoreWeave in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $129.71.

CoreWeave Price Performance

The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79. The business’s 50-day simple moving average is $123.37 and its two-hundred day simple moving average is $117.52. The firm has a market cap of $50.82 billion and a price-to-earnings ratio of -91.24.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The firm had revenue of $1.21 million for the quarter. The business’s revenue for the quarter 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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CRWV. Gamco Investors INC. ET AL bought a new stake in CoreWeave in the first quarter worth approximately $318,000. Goldman Sachs Group Inc. acquired a new stake in shares of CoreWeave during the 1st quarter worth approximately $963,000. Howard Financial Services LTD. bought a new stake in shares of CoreWeave in the 2nd quarter valued at $489,000. McAlister Sweet & Associates Inc. bought a new stake in shares of CoreWeave in the 2nd quarter valued at $277,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CoreWeave during the 2nd quarter valued at $117,000.

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.