Brannin Mcbee Sells 8,835 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Brannin Mcbee sold 8,835 shares of CoreWeave stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $88.77, for a total value of $784,282.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Monday, January 12th, Brannin Mcbee sold 3,000 shares of CoreWeave stock. The stock was sold at an average price of $88.62, for a total transaction of $265,860.00.
  • On Monday, January 12th, Brannin Mcbee sold 102,835 shares of CoreWeave stock. The stock was sold at an average price of $88.78, for a total transaction of $9,129,691.30.
  • On Monday, January 12th, Brannin Mcbee sold 26,000 shares of CoreWeave stock. The shares were sold at an average price of $88.77, for a total transaction of $2,308,020.00.
  • On Monday, January 5th, Brannin Mcbee sold 28,000 shares of CoreWeave stock. The stock was sold at an average price of $79.28, for a total transaction of $2,219,840.00.
  • On Monday, January 5th, Brannin Mcbee sold 102,835 shares of CoreWeave stock. The stock was sold at an average price of $79.28, for a total transaction of $8,152,758.80.
  • On Monday, January 5th, Brannin Mcbee sold 27,000 shares of CoreWeave stock. The shares were sold at an average price of $79.28, for a total transaction of $2,140,560.00.
  • On Monday, January 5th, Brannin Mcbee sold 8,835 shares of CoreWeave stock. The shares were sold at an average price of $79.28, for a total value of $700,438.80.
  • On Wednesday, December 31st, Brannin Mcbee sold 57,636 shares of CoreWeave stock. The shares were sold at an average price of $72.57, for a total value of $4,182,644.52.
  • On Monday, December 29th, Brannin Mcbee sold 30,000 shares of CoreWeave stock. The shares were sold at an average price of $75.62, for a total value of $2,268,600.00.
  • On Monday, December 29th, Brannin Mcbee sold 102,835 shares of CoreWeave stock. The stock was sold at an average price of $75.63, for a total value of $7,777,411.05.

CoreWeave Trading Up 5.8%

NASDAQ:CRWV opened at $95.01 on Friday. The stock has a market cap of $36.71 billion and a PE ratio of -65.52. CoreWeave Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.49 and a quick ratio of 0.49. The stock’s 50-day moving average is $79.77 and its two-hundred day moving average is $107.97.

CoreWeave (NASDAQ:CRWVGet Free Report) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.14. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted ($1.82) earnings per share. The business’s revenue for the quarter was up 133.7% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CRWV. Renaissance Capital LLC increased its stake in shares of CoreWeave by 49.9% in the third quarter. Renaissance Capital LLC now owns 47,162 shares of the company’s stock worth $6,454,000 after purchasing an additional 15,697 shares during the period. Munro Partners boosted its stake in CoreWeave by 5,272.4% during the 3rd quarter. Munro Partners now owns 616,485 shares of the company’s stock valued at $84,366,000 after purchasing an additional 605,010 shares during the period. Apexium Financial LP acquired a new stake in CoreWeave in the 2nd quarter valued at approximately $1,044,000. Chung Wu Investment Group LLC bought a new position in CoreWeave in the 2nd quarter worth approximately $755,000. Finally, Cisco Systems Inc. acquired a new position in shares of CoreWeave during the second quarter worth approximately $173,493,000.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CRWV. Melius Research set a $140.00 price target on shares of CoreWeave in a research note on Tuesday, November 11th. Truist Financial assumed coverage on CoreWeave in a research report on Tuesday, January 6th. They issued a “hold” rating and a $84.00 target price on the stock. Melius raised CoreWeave from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a research note on Tuesday, September 23rd. HC Wainwright reissued a “buy” rating and issued a $180.00 price target on shares of CoreWeave in a research note on Wednesday, November 12th. Finally, Loop Capital dropped their price objective on CoreWeave from $165.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $123.81.

Read Our Latest Analysis on CRWV

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

About CoreWeave

(Get Free Report)

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.

See Also

Insider Buying and Selling by Quarter for CoreWeave (NASDAQ:CRWV)

Receive News & Ratings for CoreWeave Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreWeave and related companies with MarketBeat.com's FREE daily email newsletter.