CoreWeave (NASDAQ:CRWV) Stock Price Down 2.9% on Insider Selling

CoreWeave Inc. (NASDAQ:CRWV) shares were down 2.9% during trading on Friday following insider selling activity. The stock traded as low as $84.80 and last traded at $84.98. Approximately 7,904,416 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 20,548,625 shares. The stock had previously closed at $87.48.

Specifically, Director Jack D. Cogen sold 1,112,004 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the completion of the transaction, the director owned 12,329,676 shares of the company’s stock, valued at $1,167,497,020.44. This trade represents a 8.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Chen Goldberg sold 56,294 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $93.17, for a total value of $5,244,911.98. Following the transaction, the senior vice president directly owned 18,764 shares of the company’s stock, valued at approximately $1,748,241.88. This trade represents a 75.00% decrease in their position. The disclosure for this sale can be found here. In related news, insider Brannin Mcbee sold 375,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $93.17, for a total transaction of $34,938,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CRWV shares. HSBC started coverage on CoreWeave in a research report on Wednesday, July 16th. They set a “reduce” rating and a $32.00 price objective for the company. HC Wainwright raised CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a report on Thursday, August 21st. Macquarie lifted their target price on CoreWeave from $65.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. JMP Securities started coverage on CoreWeave in a report on Thursday, May 22nd. They issued a “market perform” rating for the company. Finally, Arete raised CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $107.45.

CoreWeave Stock Up 1.8%

The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a fifty day simple moving average of $119.14.

CoreWeave (NASDAQ:CRWV) last released its earnings results 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 company had revenue of $1.21 million during the quarter. The company’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.

Hedge Funds Weigh In On CoreWeave

Several institutional investors and hedge funds have recently bought and sold shares of CRWV. Cisco Systems Inc. purchased a new position in CoreWeave during the second quarter valued at $173,493,000. Geode Capital Management LLC lifted its position in CoreWeave by 142.6% during the second quarter. Geode Capital Management LLC now owns 716,178 shares of the company’s stock valued at $116,809,000 after purchasing an additional 420,915 shares in the last quarter. Lmdagg L.L.C. purchased a new position in CoreWeave during the second quarter valued at $48,030,000. Sivia Capital Partners LLC purchased a new position in CoreWeave during the second quarter valued at $39,824,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in CoreWeave during the second quarter valued at $34,284,000.

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.