CoreWeave (NASDAQ:CRWV) Insider Sells $9,298,916.90 in Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Brannin Mcbee sold 102,830 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $90.43, for a total transaction of $9,298,916.90. Following the sale, the insider owned 248,664 shares of the company’s stock, valued at $22,486,685.52. The trade was a 29.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Brannin Mcbee also recently made the following trade(s):

  • On Monday, February 2nd, Brannin Mcbee sold 28,500 shares of CoreWeave stock. The shares were sold at an average price of $90.44, for a total value of $2,577,540.00.
  • On Monday, February 2nd, Brannin Mcbee sold 35,335 shares of CoreWeave stock. The shares were sold at an average price of $90.43, for a total value of $3,195,344.05.
  • On Monday, January 26th, Brannin Mcbee sold 3,000 shares of CoreWeave stock. The stock was sold at an average price of $101.49, for a total value of $304,470.00.
  • On Monday, January 26th, Brannin Mcbee sold 102,830 shares of CoreWeave stock. The stock was sold at an average price of $101.45, for a total value of $10,432,103.50.
  • On Monday, January 26th, Brannin Mcbee sold 25,500 shares of CoreWeave stock. The stock was sold at an average price of $101.45, for a total value of $2,586,975.00.
  • On Monday, January 26th, Brannin Mcbee sold 2,000 shares of CoreWeave stock. The shares were sold at an average price of $101.49, for a total value of $202,980.00.
  • On Monday, January 26th, Brannin Mcbee sold 33,335 shares of CoreWeave stock. The shares were sold at an average price of $101.45, for a total value of $3,381,835.75.
  • On Tuesday, January 20th, Brannin Mcbee sold 28,500 shares of CoreWeave stock. The stock was sold at an average price of $95.29, for a total value of $2,715,765.00.
  • On Tuesday, January 20th, Brannin Mcbee sold 102,835 shares of CoreWeave stock. The shares were sold at an average price of $95.29, for a total transaction of $9,799,147.15.
  • On Tuesday, January 20th, Brannin Mcbee sold 35,335 shares of CoreWeave stock. The stock was sold at an average price of $95.29, for a total transaction of $3,367,072.15.

CoreWeave Stock Down 8.4%

Shares of CoreWeave stock traded down $7.60 during trading on Wednesday, hitting $82.46. The stock had a trading volume of 26,188,701 shares, compared to its average volume of 28,083,926. CoreWeave Inc. has a 1 year low of $33.51 and a 1 year high of $187.00. The stock has a 50 day simple moving average of $84.17 and a 200 day simple moving average of $102.73. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.49 and a current ratio of 0.49.

CoreWeave (NASDAQ:CRWVGet Free Report) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.14. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business posted ($1.82) EPS. The company’s revenue for the quarter was up 133.7% on a year-over-year basis.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CRWV shares. UBS Group reissued a “neutral” rating on shares of CoreWeave in a research note on Friday, January 16th. Roth Mkm started coverage on CoreWeave in a report on Thursday, December 4th. They issued a “buy” rating and a $110.00 target price on the stock. Mizuho raised their price target on shares of CoreWeave from $92.00 to $100.00 and gave the stock a “neutral” rating in a report on Monday, January 26th. Loop Capital lowered their price objective on shares of CoreWeave from $165.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Finally, Stifel Nicolaus set a $120.00 price objective on shares of CoreWeave in a research note on Tuesday, November 11th. Eighteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, CoreWeave has a consensus rating of “Moderate Buy” and an average target price of $127.27.

Check Out Our Latest Research Report on CoreWeave

Institutional Trading of CoreWeave

A number of institutional investors have recently added to or reduced their stakes in CRWV. Renaissance Capital LLC boosted its stake in CoreWeave by 49.9% during the third quarter. Renaissance Capital LLC now owns 47,162 shares of the company’s stock worth $6,454,000 after buying an additional 15,697 shares in the last quarter. Munro Partners raised its stake in shares of CoreWeave by 5,272.4% in the 3rd quarter. Munro Partners now owns 616,485 shares of the company’s stock valued at $84,366,000 after buying an additional 605,010 shares in the last quarter. AE Wealth Management LLC bought a new position in shares of CoreWeave during the 3rd quarter worth about $4,241,000. HWG Holdings LP acquired a new stake in shares of CoreWeave during the 3rd quarter valued at about $1,863,000. Finally, Rockline Wealth Management LLC bought a new stake in CoreWeave in the second quarter valued at about $951,000.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

CoreWeave Company Profile

(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.

Further Reading

Insider Buying and Selling by Quarter for CoreWeave (NASDAQ:CRWV)

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