CoreWeave (NASDAQ:CRWV) CFO Sells $482,174.55 in Stock

CoreWeave Inc. (NASDAQ:CRWV) CFO Nitin Agrawal sold 5,841 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $82.55, for a total transaction of $482,174.55. Following the completion of the transaction, the chief financial officer owned 151,159 shares in the company, valued at approximately $12,478,175.45. This represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Nitin Agrawal also recently made the following trade(s):

• On Tuesday, September 16th, Nitin Agrawal sold 38,422 shares of CoreWeave stock. The shares were sold at an average price of $118.18, for a total value of $4,540,711.96.
• On Thursday, September 11th, Nitin Agrawal sold 63,230 shares of CoreWeave stock. The stock was sold at an average price of $115.29, for a total value of $7,289,786.70.
• On Tuesday, August 26th, Nitin Agrawal sold 3,512 shares of CoreWeave stock. The shares were sold at an average price of $92.06, for a total value of $323,314.72.

CoreWeave Trading Up 3.5%

CRWV stock traded up $2.44 during mid-day trading on Friday, reaching $71.65. The company’s stock had a trading volume of 38,795,420 shares, compared to its average volume of 24,159,816. CoreWeave Inc. has a 12 month low of $33.51 and a 12 month 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. The business’s 50 day moving average price is $119.43 and its 200 day moving average price is $119.50. The company has a market cap of $27.69 billion and a price-to-earnings ratio of -49.41.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.14. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. CoreWeave’s quarterly revenue was up 133.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.82) earnings per share. CoreWeave has set its FY 2025 guidance at EPS.

Analysts Set New Price Targets

A number of research firms recently weighed in on CRWV. Arete Research raised CoreWeave from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 21st. Seaport Res Ptn upgraded CoreWeave to a “hold” rating in a research note on Monday, September 15th. Stifel Nicolaus set a $120.00 target price on CoreWeave in a research note on Tuesday, November 11th. HC Wainwright reaffirmed a “buy” rating and set a $180.00 target price on shares of CoreWeave in a report on Wednesday, November 12th. Finally, Moffett Nathanson increased their price target on shares of CoreWeave from $56.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.14.

Hedge Funds Weigh In On CoreWeave

Several institutional investors and hedge funds have recently made changes to their positions in CRWV. Family Legacy Financial Solutions LLC increased its holdings in shares of CoreWeave by 166.7% in the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock worth $27,000 after buying an additional 125 shares during the period. HighMark Wealth Management LLC bought a new position in shares of CoreWeave in the third quarter worth approximately $27,000. OLD Second National Bank of Aurora purchased a new position in shares of CoreWeave in the third quarter worth $27,000. Princeton Global Asset Management LLC purchased a new stake in CoreWeave during the 3rd quarter valued at $28,000. Finally, Aspect Partners LLC bought a new stake in CoreWeave in the 3rd quarter worth $28,000.

CoreWeave Company Profile

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.