CoreWeave (NASDAQ:CRWV) Stock Price Down 5.3% Following Insider Selling

CoreWeave Inc. (NASDAQ:CRWV)’s share price fell 5.3% on Tuesday after an insider sold shares in the company. The company traded as low as $130.30 and last traded at $134.06. 25,506,358 shares were traded during trading, an increase of 10% from the average session volume of 23,114,623 shares. The stock had previously closed at $141.62.

Specifically, major shareholder Magnetar Financial Llc sold 180,166 shares of the stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $148.80, for a total value of $26,808,700.80. Following the completion of the transaction, the insider owned 328,932 shares of the company’s stock, valued at $48,945,081.60. This represents a 35.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Magnetar Financial Llc sold 414,547 shares of CoreWeave stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $148.74, for a total value of $61,659,720.78. Following the sale, the insider directly owned 1,845,583 shares in the company, valued at $274,512,015.42. The trade was a 18.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In other news, major shareholder Magnetar Financial Llc sold 691,243 shares of the stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $139.46, for a total value of $96,400,748.78. Following the completion of the transaction, the insider directly owned 336,663 shares of the company’s stock, valued at approximately $46,951,021.98. This represents a 67.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Raymond James Financial assumed coverage on CoreWeave in a research report on Monday, September 15th. They issued an “outperform” rating and a $130.00 price target on the stock. Evercore ISI assumed coverage on shares of CoreWeave in a research note on Tuesday, September 30th. They issued an “outperform” rating and a $175.00 target price on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of CoreWeave in a report on Wednesday, August 13th. Cantor Fitzgerald reissued an “overweight” rating and set a $116.00 price target on shares of CoreWeave in a report on Tuesday, September 16th. Finally, HC Wainwright upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $127.64.

CoreWeave Price Performance

The stock has a fifty day moving average of $115.95 and a 200-day moving average of $106.70. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) 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 quarterly revenue 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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Costello Asset Management INC lifted its holdings in CoreWeave by 33.3% during the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company’s stock worth $65,000 after buying an additional 100 shares in the last quarter. Family Legacy Financial Solutions LLC increased its stake in shares of CoreWeave by 166.7% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock valued at $27,000 after buying an additional 125 shares during the period. Chelsea Counsel Co. acquired a new stake in shares of CoreWeave in the 2nd quarter valued at $33,000. Princeton Global Asset Management LLC bought a new stake in shares of CoreWeave during the third quarter worth $28,000. Finally, Archer Investment Corp acquired a new position in shares of CoreWeave during the second quarter valued at $34,000.

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.