CoreWeave (NASDAQ:CRWV) Insider Sells $14,664,960.00 in Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Brannin Mcbee sold 144,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $101.84, for a total transaction of $14,664,960.00. Following the completion of the sale, the insider directly owned 258,852 shares of the company’s stock, valued at $26,361,487.68. This represents a 35.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Monday, June 8th, Brannin Mcbee sold 50,500 shares of CoreWeave stock. The shares were sold at an average price of $101.84, for a total transaction of $5,142,920.00.
  • On Monday, June 8th, Brannin Mcbee sold 55,500 shares of CoreWeave stock. The shares were sold at an average price of $101.84, for a total transaction of $5,652,120.00.
  • On Wednesday, May 20th, Brannin Mcbee sold 3,683 shares of CoreWeave stock. The shares were sold at an average price of $99.82, for a total transaction of $367,637.06.
  • On Monday, April 27th, Brannin Mcbee sold 87,500 shares of CoreWeave stock. The shares were sold at an average price of $109.03, for a total transaction of $9,540,125.00.
  • On Monday, April 27th, Brannin Mcbee sold 200,000 shares of CoreWeave stock. The stock was sold at an average price of $109.03, for a total transaction of $21,806,000.00.
  • On Monday, April 27th, Brannin Mcbee sold 45,850 shares of CoreWeave stock. The stock was sold at an average price of $109.03, for a total transaction of $4,999,025.50.
  • On Monday, April 20th, Brannin Mcbee sold 87,500 shares of CoreWeave stock. The stock was sold at an average price of $115.94, for a total transaction of $10,144,750.00.
  • On Monday, April 20th, Brannin Mcbee sold 200,000 shares of CoreWeave stock. The stock was sold at an average price of $115.93, for a total transaction of $23,186,000.00.
  • On Monday, April 20th, Brannin Mcbee sold 45,830 shares of CoreWeave stock. The stock was sold at an average price of $115.94, for a total transaction of $5,313,530.20.
  • On Monday, April 13th, Brannin Mcbee sold 100,000 shares of CoreWeave stock. The stock was sold at an average price of $110.81, for a total transaction of $11,081,000.00.

CoreWeave Price Performance

CRWV stock traded down $2.84 during mid-day trading on Wednesday, hitting $95.61. 17,558,127 shares of the company were exchanged, compared to its average volume of 27,080,140. CoreWeave Inc. has a 12-month low of $63.80 and a 12-month high of $187.00. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. The business has a fifty day simple moving average of $107.04 and a 200-day simple moving average of $92.18.

CoreWeave (NASDAQ:CRWVGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The business had revenue of $2.08 billion for the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The business’s quarterly revenue was up 111.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.60) earnings per share. As a group, equities research analysts predict that CoreWeave Inc. will post -4.57 earnings per share for the current year.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CRWV. JPMorgan Chase & Co. increased their price target on shares of CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Wolfe Research assumed coverage on shares of CoreWeave in a report on Thursday, April 16th. They set an “outperform” rating and a $150.00 price objective on the stock. Bank of America raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Tuesday, March 24th. Wells Fargo & Company raised their price objective on shares of CoreWeave from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, HC Wainwright reissued a “buy” rating and set a $180.00 price objective on shares of CoreWeave in a report on Monday, March 2nd. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.52.

Read Our Latest Research Report on CoreWeave

Institutional Trading of CoreWeave

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRWV. NewEdge Advisors LLC grew its position in shares of CoreWeave by 22.2% during the first quarter. NewEdge Advisors LLC now owns 59,155 shares of the company’s stock worth $4,583,000 after acquiring an additional 10,731 shares during the last quarter. CTC Alternative Strategies Ltd. purchased a new position in shares of CoreWeave during the first quarter worth approximately $852,000. Liontrust Investment Partners LLP grew its position in shares of CoreWeave by 24.1% during the first quarter. Liontrust Investment Partners LLP now owns 127,752 shares of the company’s stock worth $9,897,000 after acquiring an additional 24,843 shares during the last quarter. SOA Wealth Advisors LLC. grew its position in shares of CoreWeave by 79.0% during the first quarter. SOA Wealth Advisors LLC. now owns 886 shares of the company’s stock worth $69,000 after acquiring an additional 391 shares during the last quarter. Finally, Pathway Wealth Management LLC grew its position in shares of CoreWeave by 2.9% during the first quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock worth $278,000 after acquiring an additional 100 shares during the last quarter.

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.

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

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