CoreWeave (NASDAQ:CRWV) CFO Nitin Agrawal Sells 5,383 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) CFO Nitin Agrawal sold 5,383 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $90.84, for a total value of $488,991.72. Following the completion of the transaction, the chief financial officer directly owned 173,105 shares in the company, valued at $15,724,858.20. This represents a 3.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Tuesday, December 16th, Nitin Agrawal sold 36,317 shares of CoreWeave stock. The stock was 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 Up 9.3%

Shares of CoreWeave stock opened at $99.30 on Wednesday. CoreWeave Inc. has a 12-month low of $33.51 and a 12-month high of $187.00. The firm has a market capitalization of $38.37 billion and a PE ratio of -68.48. 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’s fifty day moving average is $87.68 and its 200-day moving average is $100.41.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

Analyst Ratings Changes

Several brokerages recently commented on CRWV. Loop Capital reduced their price target on shares of CoreWeave from $165.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Evercore reduced their target price on CoreWeave from $175.00 to $160.00 and set an “outperform” rating for the company in a report on Tuesday, November 11th. HC Wainwright reiterated a “buy” rating and set a $180.00 price target on shares of CoreWeave in a report on Wednesday, November 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of CoreWeave in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $110.00 price objective on shares of CoreWeave in a research report on Tuesday, November 11th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, CoreWeave presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.45.

Read Our Latest Research Report on CRWV

Institutional Trading of CoreWeave

A number of institutional investors have recently bought and sold shares of the company. Hazlett Burt & Watson Inc. increased its position in CoreWeave by 34.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock worth $33,000 after purchasing an additional 119 shares during the last quarter. Chilton Capital Management LLC lifted its holdings in shares of CoreWeave by 50.2% during the 3rd quarter. Chilton Capital Management LLC now owns 362 shares of the company’s stock valued at $50,000 after buying an additional 121 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of CoreWeave by 45.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after buying an additional 121 shares in the last quarter. Family Legacy Financial Solutions LLC increased its holdings in CoreWeave by 166.7% in 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. Finally, Parkside Financial Bank & Trust raised its position in CoreWeave by 26.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 600 shares of the company’s stock valued at $43,000 after acquiring an additional 125 shares in the last quarter.

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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