CoreWeave (NASDAQ:CRWV) CFO Sells $488,317.76 in Stock

CoreWeave Inc. (NASDAQ:CRWV) CFO Nitin Agrawal sold 5,509 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $88.64, for a total value of $488,317.76. Following the transaction, the chief financial officer owned 132,596 shares in the company, valued at $11,753,309.44. The trade was a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 20th, Nitin Agrawal sold 10,062 shares of CoreWeave stock. The stock was sold at an average price of $91.88, for a total transaction of $924,496.56.
• On Wednesday, July 8th, Nitin Agrawal sold 3 shares of CoreWeave stock. The shares were sold at an average price of $82.98, for a total transaction of $248.94.
• On Tuesday, June 30th, Nitin Agrawal sold 4 shares of CoreWeave stock. The shares were sold at an average price of $95.69, for a total transaction of $382.76.
• On Tuesday, June 16th, Nitin Agrawal sold 58,429 shares of CoreWeave stock. The shares were sold at an average price of $116.70, for a total transaction of $6,818,664.30.
• On Thursday, June 11th, Nitin Agrawal sold 63,891 shares of CoreWeave stock. The stock was sold at an average price of $93.35, for a total transaction of $5,964,224.85.

CoreWeave Trading Down 3.0%

NASDAQ:CRWV opened at $84.23 on Friday. CoreWeave Inc. has a 12 month low of $60.55 and a 12 month high of $153.20. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53. The stock has a market capitalization of $38.65 billion, a price-to-earnings ratio of -23.08 and a beta of 7.44. The firm has a fifty day simple moving average of $87.16 and a two-hundred day simple moving average of $94.80.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, beating the consensus estimate of ($1.52) by $0.38. The firm had revenue of $2.58 billion for the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. CoreWeave’s revenue for the quarter was up 112.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.27) EPS. Analysts expect that CoreWeave Inc. will post -5.19 EPS for the current fiscal year.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave is being integrated into Rescale’s AI cloud platform, extending its reach into engineering, simulation, research and development, and other enterprise workloads. The partnership could broaden customer adoption and improve utilization of CoreWeave’s GPU infrastructure. CoreWeave Enters Next Generation Engineering AI Workloads
• Positive Sentiment: Truist said NVIDIA’s reported 17% GPU price increase may not materially damage CoreWeave’s margins. Strong AI demand, customer pricing power, and contract structures could allow CoreWeave to pass through higher equipment costs, supporting the firm’s bullish outlook. NVIDIA’s GPU Price Hikes Look Bad for CoreWeave
• Neutral Sentiment: CoreWeave’s latest results showed revenue growth of 112.5% year over year to $2.58 billion, while adjusted losses were narrower than analysts expected. However, the company remains unprofitable, with analysts forecasting a full-year loss, and carries a debt-to-equity ratio of 5.53. Analyst opinions are mixed, although the consensus rating remains “Moderate Buy.”
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth approximately $27.3 million, while CFO Nitin Agrawal sold about $488,000. The transactions were made under pre-arranged Rule 10b5-1 plans, which limits their value as a signal of current management sentiment, but the combined sales add near-term supply and investor concern. CoreWeave Insider Selling
• Negative Sentiment: Investors continue to debate whether rising GPU costs, potential future price competition among “neocloud” providers, and CoreWeave’s substantial debt will limit profitability. Those risks are particularly important because the company is investing heavily to expand capacity despite negative earnings and weak liquidity ratios.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Sivia Capital Partners LLC purchased a new stake in CoreWeave in the 2nd quarter valued at $39,824,000. Quantbot Technologies LP purchased a new position in CoreWeave during the 2nd quarter worth $311,000. Invesco Ltd. bought a new stake in shares of CoreWeave in the 2nd quarter worth $882,000. First Trust Advisors LP bought a new stake in shares of CoreWeave in the 2nd quarter worth $20,260,000. Finally, Baird Financial Group Inc. purchased a new stake in shares of CoreWeave in the second quarter valued at about $455,000.

Analyst Upgrades and Downgrades

CRWV has been the subject of a number of research reports. Cantor Fitzgerald set a $176.00 price objective on CoreWeave and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Jefferies Financial Group cut CoreWeave from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. BNP Paribas Exane initiated coverage on shares of CoreWeave in a research report on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 price target for the company. Robert W. Baird boosted their price target on shares of CoreWeave from $100.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Finally, Piper Sandler restated an “overweight” rating and set a $153.00 price objective (up from $151.00) on shares of CoreWeave in a report on Wednesday, August 12th. Twenty-one equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CoreWeave currently has a consensus rating of “Moderate Buy” and an average target price of $141.90.

CoreWeave Company Profile

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.