CoreWeave (NASDAQ:CRWV) Insider Kristen Mcveety Sells 2,231 Shares

CoreWeave Inc. (NASDAQ:CRWV) insider Kristen Mcveety sold 2,231 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $82.55, for a total value of $184,169.05. Following the transaction, the insider owned 2,195 shares of the company’s stock, valued at $181,197.25. This trade represents a 50.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

CoreWeave Trading Up 3.5%

NASDAQ:CRWV traded up $2.44 on Friday, reaching $71.65. 38,795,420 shares of the company’s stock were exchanged, compared to its average volume of 24,159,816. CoreWeave Inc. has a 52-week low of $33.51 and a 52-week high of $187.00. The business has a fifty day moving average of $119.43 and a 200-day moving average of $119.50. The firm has a market capitalization of $27.69 billion and a price-to-earnings ratio of -49.41. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 2.66.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.14. The company 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 period in the prior year, the company posted ($1.82) EPS. CoreWeave has set its FY 2025 guidance at EPS.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CRWV. Compass Point started coverage on shares of CoreWeave in a report on Thursday, November 13th. They issued a “buy” rating and a $150.00 price objective on the stock. Seaport Res Ptn raised CoreWeave to a “hold” rating in a report on Monday, September 15th. Macquarie cut their target price on CoreWeave from $140.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. Barclays lowered their price target on CoreWeave from $140.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, November 12th. Finally, Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $130.14.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Apexium Financial LP acquired a new stake in shares of CoreWeave in the 2nd quarter worth approximately $1,044,000. Chung Wu Investment Group LLC purchased a new stake in CoreWeave during the second quarter worth $755,000. Cisco Systems Inc. acquired a new stake in CoreWeave in the second quarter valued at $173,493,000. Gamco Investors INC. ET AL acquired a new stake in CoreWeave in the first quarter valued at $318,000. Finally, Rockline Wealth Management LLC purchased a new position in shares of CoreWeave in the second quarter valued at $951,000.

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.