Nitin Agrawal Sells 5,841 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) CFO Nitin Agrawal sold 5,841 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $82.55, for a total value of $482,174.55. Following the completion of the transaction, the chief financial officer directly owned 151,159 shares of the company’s stock, valued at approximately $12,478,175.45. This trade represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, September 16th, Nitin Agrawal sold 38,422 shares of CoreWeave stock. The stock was sold at an average price of $118.18, for a total transaction of $4,540,711.96.
• On Thursday, September 11th, Nitin Agrawal sold 63,230 shares of CoreWeave stock. The shares were sold at an average price of $115.29, for a total transaction of $7,289,786.70.
• On Tuesday, August 26th, Nitin Agrawal sold 3,512 shares of CoreWeave stock. The stock was sold at an average price of $92.06, for a total value of $323,314.72.

CoreWeave Price Performance

CRWV stock traded up $2.44 during trading on Friday, hitting $71.65. The company had a trading volume of 38,795,420 shares, compared to its average volume of 24,159,816. The company has a fifty day moving average price of $119.43 and a two-hundred day moving average price of $119.50. CoreWeave Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The company has a market cap of $27.69 billion and a P/E ratio of -49.41. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 2.66.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.14. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business posted ($1.82) earnings per share. The firm’s revenue was up 133.7% compared to the same quarter last year. CoreWeave has set its FY 2025 guidance at EPS.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CRWV. The Goldman Sachs Group reduced their target price on shares of CoreWeave from $120.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday. Seaport Res Ptn upgraded CoreWeave to a “hold” rating in a report on Monday, September 15th. Evercore ISI lowered their target price on CoreWeave from $175.00 to $160.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. Morgan Stanley lifted their price target on shares of CoreWeave from $91.00 to $99.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 11th. Finally, Argus reissued a “buy” rating and set a $200.00 price objective on shares of CoreWeave in a research report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, CoreWeave has a consensus rating of “Moderate Buy” and a consensus target price of $130.14.

Institutional Inflows and Outflows

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

CoreWeave Company Profile

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.