Insider Selling: CoreWeave (NASDAQ:CRWV) Insider Sells 102,835 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Brannin Mcbee sold 102,835 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $78.61, for a total transaction of $8,083,859.35. Following the transaction, the insider owned 185,181 shares in the company, valued at approximately $14,557,078.41. The trade was a 35.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, December 2nd, Brannin Mcbee sold 500 shares of CoreWeave stock. The stock was sold at an average price of $78.61, for a total value of $39,305.00.
• On Tuesday, December 2nd, Brannin Mcbee sold 29,000 shares of CoreWeave stock. The shares were sold at an average price of $78.61, for a total value of $2,279,690.00.
• On Tuesday, September 30th, Brannin Mcbee sold 150,000 shares of CoreWeave stock. The shares were sold at an average price of $138.10, for a total value of $20,715,000.00.
• On Tuesday, September 30th, Brannin Mcbee sold 157,903 shares of CoreWeave stock. The stock was sold at an average price of $138.59, for a total value of $21,883,776.77.
• On Tuesday, September 23rd, Brannin Mcbee sold 375,000 shares of CoreWeave stock. The shares were sold at an average price of $131.83, for a total value of $49,436,250.00.
• On Tuesday, September 23rd, Brannin Mcbee sold 250,000 shares of CoreWeave stock. The stock was sold at an average price of $131.83, for a total transaction of $32,957,500.00.
• On Tuesday, September 16th, Brannin Mcbee sold 375,000 shares of CoreWeave stock. The stock was sold at an average price of $118.17, for a total transaction of $44,313,750.00.
• On Tuesday, September 16th, Brannin Mcbee sold 250,000 shares of CoreWeave stock. The shares were sold at an average price of $118.17, for a total transaction of $29,542,500.00.
• On Tuesday, September 9th, Brannin Mcbee sold 375,000 shares of CoreWeave stock. The shares were sold at an average price of $99.47, for a total transaction of $37,301,250.00.
• On Tuesday, September 9th, Brannin Mcbee sold 250,000 shares of CoreWeave stock. The stock was sold at an average price of $99.47, for a total transaction of $24,867,500.00.

CoreWeave Stock Up 8.1%

CRWV stock traded up $6.39 during trading on Thursday, reaching $85.75. The stock had a trading volume of 29,316,328 shares, compared to its average volume of 32,476,604. 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 company has a market capitalization of $33.13 billion and a price-to-earnings ratio of -59.14. CoreWeave Inc. has a one year low of $33.51 and a one year high of $187.00. The company’s 50 day moving average is $110.51 and its two-hundred day moving average is $120.44.

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. Argus reiterated a “buy” rating and issued a $200.00 target price on shares of CoreWeave in a research note on Thursday, August 14th. Bank of America lowered their price objective on CoreWeave from $168.00 to $140.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. Raymond James Financial initiated coverage on CoreWeave in a research note on Monday, September 15th. They set an “outperform” rating and a $130.00 price objective for the company. Jefferies Financial Group decreased their target price on CoreWeave from $180.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Finally, Mizuho dropped their price target on CoreWeave from $150.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, CoreWeave has a consensus rating of “Moderate Buy” and a consensus target price of $129.47.

Hedge Funds Weigh In On CoreWeave

Institutional investors have recently modified their holdings of the company. Chelsea Counsel Co. purchased a new stake in shares of CoreWeave during the second quarter worth about $33,000. Family Legacy Financial Solutions LLC raised its position in CoreWeave by 166.7% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock valued at $27,000 after purchasing an additional 125 shares during the last quarter. HighMark Wealth Management LLC purchased a new stake in CoreWeave in the 3rd quarter worth approximately $27,000. OLD Second National Bank of Aurora bought a new stake in shares of CoreWeave in the 3rd quarter worth approximately $27,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in shares of CoreWeave during the third quarter valued at approximately $27,000.

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.