CoreWeave (NASDAQ:CRWV) CFO Nitin Agrawal Sells 3,920 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) CFO Nitin Agrawal sold 3,920 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $73.20, for a total value of $286,944.00. Following the sale, the chief financial officer owned 169,185 shares of the company’s stock, valued at approximately $12,384,342. This represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Friday, February 20th, Nitin Agrawal sold 5,383 shares of CoreWeave stock. The stock was sold at an average price of $90.84, for a total value of $488,991.72.
  • On Tuesday, December 16th, Nitin Agrawal sold 36,317 shares of CoreWeave stock. The shares were sold at an average price of $69.18, for a total value of $2,512,410.06.
  • 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.

CoreWeave Stock Performance

Shares of CRWV stock traded up $2.31 on Friday, hitting $77.13. The company’s stock had a trading volume of 11,466,149 shares, compared to its average volume of 27,242,113. CoreWeave Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.49 and a current ratio of 0.46. The stock’s 50 day moving average is $88.54 and its 200-day moving average is $98.84. The company has a market capitalization of $32.32 billion and a PE ratio of -24.10.

CoreWeave (NASDAQ:CRWVGet Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). The business had revenue of $1.57 billion during the quarter. CoreWeave had a negative net margin of 22.75% and a negative return on equity of 33.82%. CoreWeave’s quarterly revenue was up 110.4% compared to the same quarter last year.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CoreWeave in a report on Monday, December 29th. Wells Fargo & Company reduced their price objective on CoreWeave from $150.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. Jefferies Financial Group reduced their price target on CoreWeave from $155.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Evercore cut their target price on shares of CoreWeave from $175.00 to $160.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Finally, DA Davidson lifted their price target on shares of CoreWeave from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Eighteen investment 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $122.35.

Read Our Latest Stock Report on CoreWeave

Institutional Trading of CoreWeave

Large investors have recently bought and sold shares of the business. Cornerstone Planning Group LLC boosted its holdings in shares of CoreWeave by 272.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after buying an additional 251 shares in the last quarter. Family Legacy Financial Solutions LLC raised its holdings in 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 buying an additional 125 shares during the last quarter. HighMark Wealth Management LLC acquired a new stake in shares of CoreWeave in the 3rd quarter worth about $27,000. OLD Second National Bank of Aurora purchased a new stake in shares of CoreWeave in the third quarter worth approximately $27,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in CoreWeave during the third quarter worth $27,000.

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.

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

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