CoreWeave (NASDAQ:CRWV) Shares Down 6.5% on Insider Selling

Shares of CoreWeave Inc. (NASDAQ:CRWV) fell 6.5% during trading on Thursday after an insider sold shares in the company. The stock traded as low as $104.10 and last traded at $106.93. 25,942,397 shares were traded during mid-day trading, an increase of 13% from the average session volume of 22,948,182 shares. The stock had previously closed at $114.42.

Specifically, insider Brian M. Venturo sold 29,916 shares of CoreWeave stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $127.94, for a total value of $3,827,453.04. Following the completion of the sale, the insider owned 215,486 shares of the company’s stock, valued at $27,569,278.84. The trade was a 12.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Magnetar Financial Llc sold 7,688 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $134.94, for a total value of $1,037,418.72. Following the completion of the transaction, the insider owned 299,512 shares in the company, valued at approximately $40,416,149.28. This trade represents a 2.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In other news, major shareholder Magnetar Financial Llc sold 216,010 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $134.69, for a total transaction of $29,094,386.90. Following the completion of the transaction, the insider directly owned 301,490 shares of the company’s stock, valued at approximately $40,607,688.10. This represents a 41.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analysts Set New Price Targets

CRWV has been the subject of a number of research analyst reports. JMP Securities upgraded CoreWeave from a “market perform” rating to a “market outperform” rating and set a $180.00 target price for the company in a research report on Tuesday, September 16th. Bank of America cut their target price on CoreWeave from $185.00 to $168.00 and set a “neutral” rating for the company in a research report on Wednesday, August 13th. Barclays upped their target price on CoreWeave from $100.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, July 21st. Citizens Jmp upgraded CoreWeave from a “market perform” rating to an “outperform” rating and set a $180.00 target price for the company in a research report on Tuesday, September 16th. Finally, Arete upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, CoreWeave presently has a consensus rating of “Moderate Buy” and an average price target of $129.71.

CoreWeave Stock Down 6.5%

The firm’s 50-day moving average is $123.27 and its two-hundred day moving average is $116.56. The stock has a market cap of $52.24 billion and a P/E ratio of -93.80. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The firm had revenue of $1.21 million for the quarter. CoreWeave’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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC bought a new stake in shares of CoreWeave during the third quarter worth $849,000. Ground Swell Capital LLC lifted its holdings in shares of CoreWeave by 24.6% during the third quarter. Ground Swell Capital LLC now owns 4,366 shares of the company’s stock worth $597,000 after purchasing an additional 863 shares during the period. Wedbush Securities Inc. raised its holdings in shares of CoreWeave by 121.5% during the third quarter. Wedbush Securities Inc. now owns 4,138 shares of the company’s stock valued at $566,000 after purchasing an additional 2,270 shares during the period. Cibc World Market Inc. raised its holdings in shares of CoreWeave by 229.5% during the third quarter. Cibc World Market Inc. now owns 4,138 shares of the company’s stock valued at $566,000 after purchasing an additional 2,882 shares during the period. Finally, Rhumbline Advisers acquired a new position in shares of CoreWeave during the third quarter valued at about $1,398,000.

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.