CoreWeave (NASDAQ:CRWV) CFO Sells $2,512,410.06 in Stock

CoreWeave Inc. (NASDAQ:CRWV) CFO Nitin Agrawal sold 36,317 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $69.18, for a total transaction of $2,512,410.06. Following the transaction, the chief financial officer owned 167,075 shares in the company, valued at approximately $11,558,248.50. The trade was a 17.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, December 11th, Nitin Agrawal sold 66,467 shares of CoreWeave stock. The stock was sold at an average price of $82.58, for a total value of $5,488,844.86.
• On Tuesday, November 25th, Nitin Agrawal sold 3,640 shares of CoreWeave stock. The shares were sold at an average price of $70.27, for a total value of $255,782.80.
• On Thursday, November 20th, Nitin Agrawal sold 5,841 shares of CoreWeave stock. The stock was sold at an average price of $82.55, for a total value of $482,174.55.

CoreWeave Stock Up 4.8%

Shares of NASDAQ CRWV traded up $3.13 during mid-day trading on Thursday, reaching $67.68. 32,797,324 shares of the company were exchanged, compared to its average volume of 28,974,404. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 2.66. The stock has a market cap of $26.15 billion and a price-to-earnings ratio of -46.68. CoreWeave Inc. has a 1 year low of $33.51 and a 1 year high of $187.00. The firm has a 50-day moving average of $99.68 and a 200 day moving average of $118.69.

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

Hedge Funds Weigh In On CoreWeave

Hedge funds have recently bought and sold shares of the business. Costello Asset Management INC lifted its stake in shares of CoreWeave by 33.3% in the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company’s stock valued at $65,000 after purchasing an additional 100 shares during the last quarter. Chilton Capital Management LLC boosted 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 buying an additional 121 shares during the period. Family Legacy Financial Solutions LLC grew its stake in shares of 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 buying an additional 125 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of CoreWeave by 29.6% in the 3rd quarter. CoreCap Advisors LLC now owns 644 shares of the company’s stock valued at $88,000 after buying an additional 147 shares during the period. Finally, Pittenger & Anderson Inc. lifted its stake in CoreWeave by 36.0% during the 3rd quarter. Pittenger & Anderson Inc. now owns 680 shares of the company’s stock worth $93,000 after acquiring an additional 180 shares in the last quarter.

Analysts Set New Price Targets

CRWV has been the topic of a number of research reports. Seaport Res Ptn upgraded shares of CoreWeave to a “hold” rating in a research note on Monday, September 15th. Evercore ISI lowered their price target on shares of CoreWeave from $175.00 to $160.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Compass Point assumed coverage on CoreWeave in a research report on Thursday, November 13th. They set a “buy” rating and a $150.00 price target on the stock. Morgan Stanley boosted their price objective on CoreWeave from $91.00 to $99.00 and gave the company an “equal weight” rating in a report on Tuesday, November 11th. Finally, Arete Research upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $128.53.

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.