CoreWeave Inc. (NASDAQ:CRWV – Get Free Report) CFO Nitin Agrawal sold 66,576 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $83.70, for a total transaction of $5,572,411.20. Following the completion of the transaction, the chief financial officer owned 188,360 shares in the company, valued at approximately $15,765,732. This trade represents a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 Tuesday, August 25th, Nitin Agrawal sold 5,509 shares of CoreWeave stock. The shares were sold at an average price of $88.64, for a total transaction of $488,317.76.
- On Thursday, August 20th, Nitin Agrawal sold 10,062 shares of CoreWeave stock. The stock was sold at an average price of $91.88, for a total transaction of $924,496.56.
- On Wednesday, July 8th, Nitin Agrawal sold 3 shares of CoreWeave stock. The shares were sold at an average price of $82.98, for a total transaction of $248.94.
- On Tuesday, June 30th, Nitin Agrawal sold 4 shares of CoreWeave stock. The stock was sold at an average price of $95.69, for a total transaction of $382.76.
CoreWeave Stock Down 2.5%
Shares of NASDAQ:CRWV opened at $80.92 on Wednesday. CoreWeave Inc. has a 52-week low of $60.55 and a 52-week high of $153.20. The firm has a fifty day moving average of $85.56 and a 200 day moving average of $94.14. The firm has a market capitalization of $37.13 billion, a PE ratio of -22.17 and a beta of 7.45. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46.
Analysts Set New Price Targets
CRWV has been the subject of several research reports. Truist Financial upped their target price on CoreWeave from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. BNP Paribas Exane began coverage on shares of CoreWeave in a report on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 price objective for the company. Weiss Ratings raised shares of CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of CoreWeave in a research note on Thursday, August 13th. Finally, Robert W. Baird increased their target price on shares of CoreWeave from $100.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Twenty-one analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $142.31.
View Our Latest Stock Report on CoreWeave
CoreWeave News Roundup
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave’s expanding margins, improving contract economics, and growing mix of higher-margin offerings could support continued operating leverage through 2026. These trends suggest the company may convert its strong revenue growth into improved profitability over time. Will CoreWeave’s Margins Continue Expanding Through 2026?
- Positive Sentiment: One bullish Wall Street view argues that CoreWeave’s sharp retreat from recent highs has created an attractive risk-reward setup, with the analyst maintaining a price target that implies substantial upside if AI infrastructure demand remains strong. CoreWeave Imploded Over The Last Few Months
- Neutral Sentiment: CFO Nitin Agrawal sold 66,576 shares worth approximately $5.6 million. The filing said the sale was made to cover tax withholding obligations tied to vested equity awards, reducing the likelihood that it represents a negative change in management’s view, although his direct ownership declined 26.1%. SEC Form 4 Filing
- Neutral Sentiment: Weakness across crypto-related and high-growth technology stocks after the U.S. Senate failed to advance comprehensive cryptocurrency legislation added to a risk-off market backdrop, though the legislation is not a direct CoreWeave operating issue. Bitcoin and Crypto Stocks Remain Down
- Negative Sentiment: Anthropic and OpenAI leaders’ calls for a slower pace of AI capability development raised fears that demand for large-model training could cool. Bernstein said CoreWeave may be especially exposed because of its concentration in AI training workloads, maintaining a sell rating. Bernstein Sticks to Its Sell Rating
- Negative Sentiment: Investors are also concerned about CoreWeave’s substantial leverage and vulnerability to broader macroeconomic weakness. Those concerns are particularly important for a capital-intensive company that is rapidly expanding its GPU data-center capacity. CoreWeave Stock Drops Amid Debt Concerns
Institutional Investors Weigh In On CoreWeave
Several institutional investors have recently bought and sold shares of CRWV. Legal & General Group Plc increased its stake in CoreWeave by 8,455.6% during the 4th quarter. Legal & General Group Plc now owns 611,301 shares of the company’s stock valued at $43,775,000 after purchasing an additional 604,156 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of CoreWeave in the 2nd quarter worth $15,543,000. California State Teachers Retirement System increased its holdings in CoreWeave by 25.5% in the 1st quarter. California State Teachers Retirement System now owns 320,011 shares of the company’s stock worth $24,791,000 after acquiring an additional 64,960 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in CoreWeave by 12.6% during the first quarter. Bank of New York Mellon Corp now owns 353,702 shares of the company’s stock valued at $27,401,000 after acquiring an additional 39,599 shares during the period. Finally, Ardmore Road Asset Management LP raised its position in shares of CoreWeave by 3,410.0% during the first quarter. Ardmore Road Asset Management LP now owns 351,000 shares of the company’s stock valued at $27,192,000 after buying an additional 341,000 shares during the last quarter.
CoreWeave Company Profile
CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning, high-performance computing and other data-intensive workloads. The company provides access to accelerated computing resources, particularly graphics processing units (GPUs), through a cloud platform designed for large-scale training, inference, rendering and scientific computing.
Its offerings include on-demand and reserved GPU instances, cloud storage, high-speed networking, Kubernetes-based container orchestration and managed services for deploying and scaling workloads.
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