CoreWeave (NASDAQ:CRWV) CFO Nitin Agrawal Sells 10,062 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) CFO Nitin Agrawal sold 10,062 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $99.82, for a total value of $1,004,388.84. Following the sale, the chief financial officer directly owned 199,279 shares in the company, valued at approximately $19,892,029.78. This trade represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

  • On Wednesday, April 8th, Nitin Agrawal sold 14 shares of CoreWeave stock. The shares were sold at an average price of $92.00, for a total value of $1,288.00.
  • On Tuesday, March 31st, Nitin Agrawal sold 16 shares of CoreWeave stock. The shares were sold at an average price of $74.05, for a total value of $1,184.80.
  • On Tuesday, March 17th, Nitin Agrawal sold 38,456 shares of CoreWeave stock. The shares were sold at an average price of $83.23, for a total value of $3,200,692.88.
  • On Wednesday, March 11th, Nitin Agrawal sold 63,157 shares of CoreWeave stock. The stock was sold at an average price of $79.68, for a total value of $5,032,349.76.
  • On Tuesday, March 3rd, Nitin Agrawal sold 3,920 shares of CoreWeave stock. The stock was sold at an average price of $73.20, for a total value of $286,944.00.

CoreWeave Stock Performance

Shares of NASDAQ:CRWV opened at $105.49 on Friday. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The business’s 50 day moving average price is $100.22 and its 200-day moving average price is $90.88. The firm has a market capitalization of $47.21 billion, a PE ratio of -33.92 and a beta of 7.84. CoreWeave Inc. has a 1 year low of $63.80 and a 1 year high of $187.00.

CoreWeave (NASDAQ:CRWVGet Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The company had revenue of $1.57 billion for the quarter. The company’s quarterly revenue was up 110.4% on a year-over-year basis. As a group, equities research analysts expect that CoreWeave Inc. will post -4.58 earnings per share for the current fiscal year.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

Institutional Investors Weigh In On CoreWeave

Large investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC grew its holdings in CoreWeave by 272.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 251 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in shares of CoreWeave in the 3rd quarter worth $27,000. Aspect Partners LLC purchased a new position in shares of CoreWeave in the 3rd quarter worth $28,000. Cullen Frost Bankers Inc. raised its position in shares of CoreWeave by 45.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after buying an additional 121 shares during the period. Finally, Greenline Wealth Management LLC purchased a new position in shares of CoreWeave in the 4th quarter worth $28,000.

Analysts Set New Price Targets

Several research firms recently issued reports on CRWV. Citigroup boosted their price objective on CoreWeave from $155.00 to $158.00 and gave the company a “buy” rating in a report on Thursday, May 14th. JPMorgan Chase & Co. upped their price objective on CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Roth Mkm reaffirmed a “buy” rating and set a $150.00 price objective on shares of CoreWeave in a research report on Friday, May 8th. Sanford C. Bernstein boosted their target price on CoreWeave from $56.00 to $67.00 and gave the company an “underperform” rating in a report on Tuesday, April 14th. Finally, Cantor Fitzgerald boosted their target price on CoreWeave from $156.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.63.

View Our Latest Report on CRWV

About CoreWeave

(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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