Brannin Mcbee Sells 63,835 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Brannin Mcbee sold 63,835 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $83.80, for a total transaction of $5,349,373.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Brannin Mcbee also recently made the following trade(s):

• On Monday, December 8th, Brannin Mcbee sold 102,835 shares of CoreWeave stock. The shares were sold at an average price of $83.80, for a total value of $8,617,573.00.
• On Tuesday, December 2nd, Brannin Mcbee sold 34,335 shares of CoreWeave stock. The shares were sold at an average price of $78.61, for a total value of $2,699,074.35.
• On Tuesday, December 2nd, Brannin Mcbee sold 500 shares of CoreWeave stock. The stock was sold at an average price of $78.61, for a total value of $39,305.00.
• On Tuesday, December 2nd, Brannin Mcbee sold 102,835 shares of CoreWeave stock. The shares were sold at an average price of $78.61, for a total transaction of $8,083,859.35.
• On Tuesday, December 2nd, Brannin Mcbee sold 29,000 shares of CoreWeave stock. The stock was sold at an average price of $78.61, for a total transaction of $2,279,690.00.
• On Tuesday, September 30th, Brannin Mcbee sold 150,000 shares of CoreWeave stock. The shares were sold at an average price of $138.10, for a total transaction of $20,715,000.00.
• On Tuesday, September 30th, Brannin Mcbee sold 157,903 shares of CoreWeave stock. The stock was sold at an average price of $138.59, for a total transaction of $21,883,776.77.
• On Tuesday, September 23rd, Brannin Mcbee sold 375,000 shares of CoreWeave stock. The stock was sold at an average price of $131.83, for a total transaction of $49,436,250.00.
• On Tuesday, September 23rd, Brannin Mcbee sold 250,000 shares of CoreWeave stock. The shares were sold at an average price of $131.83, for a total transaction of $32,957,500.00.
• On Tuesday, September 16th, Brannin Mcbee sold 375,000 shares of CoreWeave stock. The shares were sold at an average price of $118.17, for a total value of $44,313,750.00.

CoreWeave Stock Performance

CRWV stock opened at $88.16 on Thursday. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.49 and a quick ratio of 0.49. CoreWeave Inc. has a 1 year low of $33.51 and a 1 year high of $187.00. The company has a market cap of $34.07 billion and a P/E ratio of -60.80. The stock’s fifty day moving average price is $107.25 and its 200-day moving average price is $120.35.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.14. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.28 billion. The firm’s revenue was up 133.7% compared to the same quarter last year. During the same quarter last year, the company posted ($1.82) EPS.

Analyst Ratings Changes

A number of research firms recently issued reports on CRWV. The Goldman Sachs Group dropped their price objective on shares of CoreWeave from $120.00 to $105.00 and set a “neutral” rating on the stock in a report on Monday, November 17th. Compass Point started coverage on shares of CoreWeave in a research note on Thursday, November 13th. They set a “buy” rating and a $150.00 price target on the stock. Macquarie reduced their price objective on CoreWeave from $140.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, November 11th. Morgan Stanley raised their target price on CoreWeave from $91.00 to $99.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 11th. Finally, Arete Research upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $129.47.

Hedge Funds Weigh In On CoreWeave

Large investors have recently made changes to their positions in the business. Family Legacy Financial Solutions LLC boosted its stake in CoreWeave by 166.7% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock worth $27,000 after purchasing an additional 125 shares during the period. HighMark Wealth Management LLC purchased a new position in shares of CoreWeave in the third quarter worth $27,000. OLD Second National Bank of Aurora bought a new position in shares of CoreWeave during the third quarter worth $27,000. KERR FINANCIAL PLANNING Corp purchased a new position in CoreWeave during the third quarter valued at $27,000. Finally, Princeton Global Asset Management LLC bought a new stake in CoreWeave in the 3rd quarter valued at $28,000.

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.