CoreWeave (NASDAQ:CRWV) Stock Price Down 2.3% Following Insider Selling

CoreWeave Inc. (NASDAQ:CRWV)’s share price fell 2.3% during mid-day trading on Friday following insider selling activity. The company traded as low as $130.80 and last traded at $134.79. 23,262,433 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 22,793,861 shares. The stock had previously closed at $138.00.

Specifically, insider Brian M. Venturo sold 310,480 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $135.67, for a total transaction of $42,122,821.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Magnetar Financial Llc sold 901,524 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $138.22, for a total value of $124,608,647.28. Following the transaction, the insider directly owned 345,860 shares of the company’s stock, valued at approximately $47,804,769.20. The trade was a 72.27% decrease in their position. The disclosure for this sale can be found here. In other CoreWeave news, major shareholder Magnetar Financial Llc sold 149,524 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $138.20, for a total transaction of $20,664,216.80. Following the completion of the transaction, the insider owned 1,005,811 shares of the company’s stock, valued at approximately $139,003,080.20. The trade was a 12.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Ratings Changes

Several research analysts have recently issued reports on CRWV shares. HSBC started coverage on CoreWeave in a research note on Wednesday, July 16th. They issued a “reduce” rating and a $32.00 price objective for the company. Stifel Nicolaus upped their price objective on CoreWeave from $115.00 to $120.00 and gave the company a “hold” rating in a research note on Wednesday, August 13th. Melius raised CoreWeave from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Tuesday, September 23rd. Evercore ISI started coverage on CoreWeave in a research note on Tuesday. They issued an “outperform” rating and a $175.00 price objective for the company. Finally, Wells Fargo & Company raised CoreWeave from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $105.00 to $170.00 in a research note on Tuesday, September 23rd. Two 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 assigned a Sell rating to the company. According to MarketBeat.com, CoreWeave has a consensus rating of “Moderate Buy” and an average target price of $127.64.

CoreWeave Trading Down 2.3%

The business’s 50-day moving average is $111.91. 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 for the quarter. The company’s revenue for the quarter was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Institutional Trading of CoreWeave

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Chelsea Counsel Co. acquired a new stake in CoreWeave during the 2nd quarter valued at approximately $33,000. Archer Investment Corp bought a new position in shares of CoreWeave during the 2nd quarter worth approximately $34,000. Chilton Capital Management LLC bought a new position in shares of CoreWeave during the 2nd quarter worth approximately $39,000. TD Waterhouse Canada Inc. bought a new position in shares of CoreWeave during the 2nd quarter worth approximately $47,000. Finally, Montag A & Associates Inc. bought a new position in shares of CoreWeave during the 2nd quarter worth 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.