CoreWeave (NASDAQ:CRWV) CFO Nitin Agrawal Sells 5,508 Shares

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) CFO Nitin Agrawal sold 5,508 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $102.17, for a total transaction of $562,752.36. Following the transaction, the chief financial officer directly owned 193,771 shares of the company’s stock, valued at $19,797,583.07. This represents a 2.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Wednesday, May 20th, Nitin Agrawal sold 10,062 shares of CoreWeave stock. The shares were sold at an average price of $99.82, for a total transaction of $1,004,388.84.
  • 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 transaction 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 transaction 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 transaction of $3,200,692.88.
  • On Wednesday, March 11th, Nitin Agrawal sold 63,157 shares of CoreWeave stock. The shares were sold at an average price of $79.68, for a total transaction of $5,032,349.76.
  • On Tuesday, March 3rd, Nitin Agrawal sold 3,920 shares of CoreWeave stock. The shares were sold at an average price of $73.20, for a total transaction of $286,944.00.

CoreWeave Price Performance

NASDAQ CRWV traded up $2.67 on Friday, reaching $109.53. The company’s stock had a trading volume of 27,894,151 shares, compared to its average volume of 27,963,178. The firm has a market cap of $49.02 billion, a PE ratio of -35.22 and a beta of 7.84. The business has a 50-day moving average price of $102.09 and a 200 day moving average price of $90.49. CoreWeave Inc. has a 52 week low of $63.80 and a 52 week 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.

CoreWeave (NASDAQ:CRWVGet Free Report) last posted its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The business had revenue of $2.08 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm’s revenue for the quarter was up 111.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.60) earnings per share. Sell-side analysts expect that CoreWeave Inc. will post -4.58 EPS for the current year.

Institutional Trading of CoreWeave

Several large investors have recently added to or reduced their stakes in the company. CTC Alternative Strategies Ltd. bought a new stake in CoreWeave during the first quarter worth about $852,000. Liontrust Investment Partners LLP grew its stake in 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 buying an additional 24,843 shares during the last quarter. SOA Wealth Advisors LLC. lifted 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 purchasing an additional 391 shares in the last quarter. Pathway Wealth Management LLC lifted 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 purchasing an additional 100 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new position in shares of CoreWeave during the first quarter worth approximately $300,000.

Analysts Set New Price Targets

A number of research firms recently weighed in on CRWV. Cantor Fitzgerald upped their target price on shares of CoreWeave from $156.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Wells Fargo & Company upped their price objective on shares of CoreWeave from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. DA Davidson reaffirmed a “neutral” rating and set a $100.00 price objective (down from $175.00) on shares of CoreWeave in a research note on Monday, May 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of CoreWeave in a research note on Friday, February 27th. Finally, Oppenheimer upped their price objective on shares of CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Nineteen 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.63.

Read Our Latest Analysis on CoreWeave

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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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