Insider Selling: CoreWeave (NASDAQ:CRWV) Insider Sells 2,116 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Kristen Mcveety sold 2,116 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $74.53, for a total value of $157,705.48. Following the completion of the sale, the insider directly owned 79 shares in the company, valued at approximately $5,887.87. The trade was a 96.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

CoreWeave Stock Up 3.0%

NASDAQ CRWV traded up $2.55 on Friday, hitting $88.30. The company had a trading volume of 20,008,153 shares, compared to its average volume of 32,635,524. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.49 and a quick ratio of 0.49. CoreWeave Inc. has a 12-month low of $33.51 and a 12-month high of $187.00. The company’s fifty day moving average price is $109.87 and its 200-day moving average price is $120.45.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.14. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the company earned ($1.82) EPS. The firm’s revenue for the quarter was up 133.7% on a year-over-year basis.

Institutional Investors Weigh In On CoreWeave

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Costello Asset Management INC lifted its position in CoreWeave by 33.3% in the second quarter. Costello Asset Management INC now owns 400 shares of the company’s stock valued at $65,000 after buying an additional 100 shares during the last quarter. Chilton Capital Management LLC increased its position in shares of CoreWeave by 50.2% during the third quarter. Chilton Capital Management LLC now owns 362 shares of the company’s stock worth $50,000 after acquiring an additional 121 shares during the period. Family Legacy Financial Solutions LLC increased its position in shares of CoreWeave by 166.7% during the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock worth $27,000 after acquiring an additional 125 shares during the period. CoreCap Advisors LLC grew its stake in CoreWeave by 29.6% during the 3rd quarter. CoreCap Advisors LLC now owns 644 shares of the company’s stock worth $88,000 after purchasing an additional 147 shares in the last quarter. Finally, Pittenger & Anderson Inc. increased its stake in shares of CoreWeave by 36.0% during the third quarter. Pittenger & Anderson Inc. now owns 680 shares of the company’s stock worth $93,000 after buying an additional 180 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CRWV shares. Macquarie decreased their price objective on CoreWeave from $140.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. Cantor Fitzgerald reissued an “overweight” rating and issued a $174.00 price target on shares of CoreWeave in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of CoreWeave in a report on Monday. Roth Capital assumed coverage on CoreWeave in a report on Thursday. They set a “buy” rating and a $110.00 target price on the stock. Finally, Stifel Nicolaus set a $120.00 price objective on CoreWeave in a research report on Tuesday, November 11th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $129.47.

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.