Brannin Mcbee Sells 102,835 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Brannin Mcbee sold 102,835 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $85.30, for a total transaction of $8,771,825.50. Following the completion of the transaction, the insider owned 185,181 shares of the company’s stock, valued at $15,795,939.30. This represents a 35.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, December 22nd, Brannin Mcbee sold 63,835 shares of CoreWeave stock. The shares were sold at an average price of $85.30, for a total value of $5,445,125.50.
  • On Monday, December 15th, Brannin Mcbee sold 28,000 shares of CoreWeave stock. The stock was sold at an average price of $73.59, for a total transaction of $2,060,520.00.
  • On Monday, December 15th, Brannin Mcbee sold 102,835 shares of CoreWeave stock. The stock was sold at an average price of $73.57, for a total value of $7,565,570.95.
  • On Monday, December 15th, Brannin Mcbee sold 35,335 shares of CoreWeave stock. The shares were sold at an average price of $73.58, for a total value of $2,599,949.30.
  • On Monday, December 15th, Brannin Mcbee sold 500 shares of CoreWeave stock. The stock was sold at an average price of $73.68, for a total transaction of $36,840.00.
  • On Monday, December 8th, Brannin Mcbee sold 63,835 shares of CoreWeave stock. The stock was sold at an average price of $83.80, for a total value of $5,349,373.00.
  • 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 transaction 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 transaction 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 stock was sold at an average price of $78.61, for a total transaction of $8,083,859.35.

CoreWeave Stock Down 5.4%

NASDAQ:CRWV traded down $4.57 during mid-day trading on Tuesday, hitting $80.26. The company had a trading volume of 22,122,043 shares, compared to its average volume of 29,919,994. The business has a fifty day simple moving average of $96.36 and a 200-day simple moving average of $117.12. CoreWeave Inc. has a 1 year low of $33.51 and a 1 year high of $187.00. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 2.66.

CoreWeave (NASDAQ:CRWVGet Free Report) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.22) earnings per share 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 analyst estimates of $1.28 billion. During the same period in the previous year, the business posted ($1.82) earnings per share. CoreWeave’s revenue for the quarter was up 133.7% on a year-over-year basis.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CRWV. Mizuho set a $92.00 target price on shares of CoreWeave in a report on Tuesday, December 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of CoreWeave in a research note on Monday. Barclays cut their target price on shares of CoreWeave from $140.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 12th. Citigroup reaffirmed a “buy” rating and set a $135.00 target price (down from $192.00) on shares of CoreWeave in a report on Friday. Finally, JMP Securities raised CoreWeave from a “market perform” rating to a “market outperform” rating and set a $180.00 price target on the stock in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $127.70.

Get Our Latest Stock Analysis on CoreWeave

Institutional Investors Weigh In On CoreWeave

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL bought a new stake in shares of CoreWeave during the 1st quarter worth $318,000. Goldman Sachs Group Inc. purchased a new stake in shares of CoreWeave during the first quarter valued at $963,000. Howard Financial Services LTD. acquired a new position in shares of CoreWeave in the 2nd quarter valued at $489,000. McAlister Sweet & Associates Inc. purchased a new position in CoreWeave in the 2nd quarter worth about $277,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in CoreWeave in the 2nd quarter worth about $117,000.

CoreWeave Company Profile

(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)

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