CoreWeave (NASDAQ:CRWV) Trading Down 5.4% Following Insider Selling

CoreWeave Inc. (NASDAQ:CRWV)’s stock price was down 5.4% on Tuesday after an insider sold shares in the company. The stock traded as low as $90.75 and last traded at $91.60. Approximately 12,398,970 shares were traded during trading, a decline of 37% from the average daily volume of 19,750,244 shares. The stock had previously closed at $96.80.

Specifically, major shareholder Magnetar Financial Llc sold 915,382 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $100.15, for a total value of $91,675,507.30. Following the sale, the insider directly owned 397,757 shares of the company’s stock, valued at $39,835,363.55. This represents a 69.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Magnetar Financial Llc sold 549,682 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $100.78, for a total transaction of $55,396,951.96. Following the completion of the sale, the insider directly owned 395,707 shares in the company, valued at $39,879,351.46. This trade represents a 58.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In other news, Director Jack D. Cogen sold 1,000,000 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $100.20, for a total value of $100,200,000.00. Following the sale, the director directly owned 13,441,680 shares of the company’s stock, valued at $1,346,856,336. This represents a 6.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CRWV shares. HC Wainwright reaffirmed a “neutral” rating on shares of CoreWeave in a report on Wednesday, August 13th. JPMorgan Chase & Co. boosted their target price on shares of CoreWeave from $43.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday, May 16th. Stifel Nicolaus boosted their target price on shares of CoreWeave from $115.00 to $120.00 and gave the company a “hold” rating in a research note on Wednesday, August 13th. Citigroup upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Thursday, July 31st. Finally, Citizens Jmp upgraded shares of CoreWeave to a “hold” rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, CoreWeave presently has an average rating of “Hold” and a consensus target price of $100.90.

CoreWeave Stock Down 4.0%

The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. The company’s 50 day simple moving average is $137.10.

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 analysts’ consensus estimates of ($0.20) by ($0.07). The business had revenue of $1.21 million for the quarter. The company’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.

Hedge Funds Weigh In On CoreWeave

A number of large investors have recently added to or reduced their stakes in CRWV. Chelsea Counsel Co. acquired a new position in CoreWeave during the second quarter worth $33,000. Archer Investment Corp acquired a new position in CoreWeave during the second quarter worth $34,000. Chilton Capital Management LLC acquired a new position in CoreWeave during the second quarter worth $39,000. TD Waterhouse Canada Inc. acquired a new position in CoreWeave during the second quarter worth $47,000. Finally, Montag A & Associates Inc. acquired a new position in CoreWeave during the second quarter worth $49,000.

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.