CoreWeave (NASDAQ:CRWV) Shares Down 7.4% Following Insider Selling

CoreWeave Inc. (NASDAQ:CRWV)’s stock price fell 7.4% during trading on Wednesday following insider selling activity. The company traded as low as $85.26 and last traded at $86.06. 12,052,088 shares traded hands during trading, a decline of 39% from the average session volume of 19,868,818 shares. The stock had previously closed at $92.89.

Specifically, major shareholder Magnetar Financial Llc sold 915,382 shares of the company’s stock in a transaction that occurred 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 transaction, the insider directly owned 397,757 shares in the company, valued at approximately $39,835,363.55. This represents a 69.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Magnetar Financial Llc sold 549,682 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $100.78, for a total transaction of $55,396,951.96. Following the completion of the transaction, the insider owned 395,707 shares in the company, valued at approximately $39,879,351.46. This 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 that occurred 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 transaction, the director directly owned 13,441,680 shares in the company, valued at approximately $1,346,856,336. This represents a 6.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Analysts Set New Price Targets

Several brokerages have recently commented on CRWV. Argus restated a “buy” rating and issued a $200.00 price objective on shares of CoreWeave in a report on Thursday, August 14th. JPMorgan Chase & Co. upped their price objective on shares of CoreWeave from $43.00 to $66.00 and gave the stock an “overweight” rating in a report on Friday, May 16th. Bank of America decreased their price objective on shares of CoreWeave from $185.00 to $168.00 and set a “neutral” rating on the stock in a report on Wednesday, August 13th. Northland Capmk upgraded shares of CoreWeave to a “strong-buy” rating in a report on Tuesday, May 13th. Finally, Morgan Stanley increased their target price on shares of CoreWeave from $58.00 to $91.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, CoreWeave has a consensus rating of “Hold” and a consensus price target of $100.90.

CoreWeave Trading Down 1.5%

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 has a fifty day moving average of $135.94.

CoreWeave (NASDAQ:CRWV) last released its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) 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.

Institutional Investors Weigh In On CoreWeave

A number of large investors have recently modified their holdings of CRWV. Chelsea Counsel Co. purchased a new stake in shares of CoreWeave in the 2nd quarter valued at approximately $33,000. Archer Investment Corp purchased a new stake in shares of CoreWeave in the 2nd quarter valued at approximately $34,000. Chilton Capital Management LLC purchased a new stake in shares of CoreWeave in the 2nd quarter valued at approximately $39,000. TD Waterhouse Canada Inc. purchased a new stake in shares of CoreWeave in the 2nd quarter valued at approximately $47,000. Finally, Montag A & Associates Inc. purchased a new stake in shares of CoreWeave in the 2nd quarter valued at approximately $49,000.

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.