CoreWeave (NASDAQ:CRWV) Trading Down 2.7% After Insider Selling

CoreWeave Inc. (NASDAQ:CRWV) fell 2.7% on Friday following insider selling activity. The stock traded as low as $100.02 and last traded at $104.01. 24,622,833 shares changed hands during mid-day trading, an increase of 7% from the average session volume of 22,963,174 shares. The stock had previously closed at $106.93.

Specifically, CEO Michael N. Intrator sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $113.97, for a total value of $5,698,500.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael N. Intrator sold 32,455 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $113.97, for a total transaction of $3,698,896.35. Following the sale, the chief executive officer directly owned 6,991,055 shares in the company, valued at approximately $796,770,538.35. The trade was a 0.46% decrease in their position. The SEC filing for this sale provides additional information. In other CoreWeave news, SVP Chen Goldberg sold 19,180 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $118.30, for a total value of $2,268,994.00. Following the completion of the transaction, the senior vice president directly owned 37,084 shares in the company, valued at approximately $4,387,037.20. This represents a 34.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CRWV shares. Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a research note on Wednesday, August 13th. Barclays lifted their price target on CoreWeave from $100.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. JMP Securities upgraded shares of CoreWeave from a “market perform” rating to a “market outperform” rating and set a $180.00 target price for the company in a report on Tuesday, September 16th. Evercore ISI assumed coverage on shares of CoreWeave in a report on Tuesday, September 30th. They set an “outperform” rating and a $175.00 price target on the stock. Finally, Wells Fargo & Company upgraded CoreWeave from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $105.00 to $170.00 in a report on Tuesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $129.71.

CoreWeave Stock Performance

The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a market capitalization of $50.82 billion and a PE ratio of -91.24. The company’s fifty day simple moving average is $123.37 and its 200 day simple moving average is $117.52.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The company had revenue of $1.21 million for the quarter. The firm’s revenue was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Institutional Trading of CoreWeave

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

About CoreWeave

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.