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

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) CFO Nitin Agrawal sold 5,508 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $102.17, for a total value of $562,752.36. Following the completion of the sale, the chief financial officer owned 193,771 shares in the company, valued at approximately $19,797,583.07. The trade was a 2.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 stock was sold at an average price of $99.82, for a total value of $1,004,388.84.
  • On Wednesday, April 8th, Nitin Agrawal sold 14 shares of CoreWeave stock. The stock was 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 stock was 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 stock was 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 Trading Up 2.5%

Shares of NASDAQ CRWV opened at $109.53 on Friday. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The business’s 50 day moving average price is $102.63 and its 200-day moving average price is $90.63. CoreWeave Inc. has a fifty-two week low of $63.80 and a fifty-two week high of $187.00. The company has a market cap of $49.02 billion, a price-to-earnings ratio of -35.22 and a beta of 7.84.

CoreWeave (NASDAQ:CRWVGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing the consensus estimate of ($1.17) by ($0.23). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The business had revenue of $2.08 billion during the quarter. During the same quarter last year, the firm posted ($0.60) EPS. The business’s revenue for the quarter was up 111.6% on a year-over-year basis. On average, sell-side analysts expect that CoreWeave Inc. will post -4.84 earnings per share for the current year.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

Analyst Upgrades and Downgrades

Several research firms have commented on CRWV. Wolfe Research began coverage on CoreWeave in a report on Thursday, April 16th. They set an “outperform” rating and a $150.00 price objective on the stock. Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a report on Friday, February 27th. HC Wainwright restated a “buy” rating and set a $180.00 price objective on shares of CoreWeave in a report on Monday, March 2nd. Wells Fargo & Company raised their price objective on CoreWeave from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. raised their price objective on CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, CoreWeave has a consensus rating of “Moderate Buy” and an average target price of $129.63.

Get Our Latest Report on CRWV

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of CoreWeave by 275.6% in the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after acquiring an additional 20,487,478 shares during the period. Proficio Capital Partners LLC increased its holdings in shares of CoreWeave by 446,194.0% in the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after acquiring an additional 17,847,760 shares during the period. Bank of America Corp DE boosted its position in shares of CoreWeave by 13.1% in the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock worth $437,870,000 after purchasing an additional 653,398 shares in the last quarter. Clear Street Group Inc. boosted its position in shares of CoreWeave by 57.2% in the 4th quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock worth $333,260,000 after purchasing an additional 1,692,916 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its position in shares of CoreWeave by 300.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock worth $286,440,000 after purchasing an additional 3,000,000 shares in the last quarter.

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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