CoreWeave (NASDAQ:CRWV) CFO Nitin Agrawal Sells 22,579 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) CFO Nitin Agrawal sold 22,579 shares of CoreWeave stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $80.13, for a total value of $1,809,255.27. Following the transaction, the chief financial officer directly owned 110,017 shares in the company, valued at approximately $8,815,662.21. The trade was a 17.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, October 6th, Nitin Agrawal sold 3 shares of CoreWeave stock. The stock was sold at an average price of $88.60, for a total value of $265.80.
• On Wednesday, September 30th, Nitin Agrawal sold 5 shares of CoreWeave stock. The stock was sold at an average price of $87.69, for a total value of $438.45.
• On Tuesday, September 22nd, Nitin Agrawal sold 55,764 shares of CoreWeave stock. The shares were sold at an average price of $86.83, for a total value of $4,841,988.12.
• On Monday, September 14th, Nitin Agrawal sold 66,576 shares of CoreWeave stock. The shares were sold at an average price of $83.70, for a total value of $5,572,411.20.
• On Tuesday, August 25th, Nitin Agrawal sold 5,509 shares of CoreWeave stock. The stock was sold at an average price of $88.64, for a total value of $488,317.76.
• 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 value of $924,496.56.

CoreWeave Stock Performance

NASDAQ:CRWV opened at $65.78 on Thursday. The stock has a 50-day moving average price of $87.91 and a 200 day moving average price of $94.69. The stock has a market capitalization of $30.18 billion, a P/E ratio of -18.02 and a beta of 7.36. CoreWeave Inc. has a 12-month low of $60.55 and a 12-month high of $150.40. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CRWV. Northland Securities set a $200.00 price target on shares of CoreWeave in a report on Wednesday, October 7th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price objective on shares of CoreWeave in a report on Thursday, October 1st. Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a research report on Thursday, August 13th. UBS Group began coverage on CoreWeave in a report on Tuesday, September 22nd. They issued a “buy” rating and a $120.00 target price on the stock. Finally, Sanford C. Bernstein lifted their target price on CoreWeave from $67.00 to $74.00 and gave the stock an “underperform” rating in a report on Wednesday, August 12th. Twenty-three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $140.64.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s CEO sought to reassure employees and investors by highlighting a strong backlog, reportedly valued at approximately $104 billion. Analysts note that demand for AI computing remains robust, although converting that backlog into revenue depends on the company’s ability to build data-center capacity. CoreWeave CEO notes strong backlog in memo to reassure staff over market scrutiny
• Positive Sentiment: Some bullish commentary argues that CoreWeave’s backlog and rapid growth could support substantial long-term upside, while a recent convertible-bond offering may reduce interest costs. However, potential dilution and execution risks remain. CoreWeave: Asymmetric Risk-Reward as $104 Billion Backlog Underpins Growth
• Neutral Sentiment: Investor attention also turned to OpenAI’s reported $50 billion revenue run rate, which could signal continued demand for CoreWeave’s AI infrastructure but also highlights the company’s exposure to a concentrated customer and industry ecosystem. What Does OpenAI’s $50 Billion Run Rate Mean for CoreWeave Stock?
• Negative Sentiment: Yields on CoreWeave’s bonds approached 15%, signaling that creditors view the highly leveraged AI infrastructure model as increasingly risky. The company’s debt-to-equity ratio is already elevated, and higher borrowing costs could delay profitability or require additional capital. CoreWeave shares tumble as bond yields near 15% on concern about AI borrowing binge
• Negative Sentiment: Gartner warned that as many as 80% of neocloud companies could disappear by 2030, intensifying concerns about competition, customer concentration and the long-term viability of specialized AI cloud providers. Stock Market Today, Oct. 14: CoreWeave Plummets on Gartner Neocloud Warning and Bond Yield Surge
• Negative Sentiment: Bearish commentary, including a warning that CoreWeave’s equity could be wiped out if AI spending weakens, further damaged sentiment. Traders also bought “bubble puts,” reflecting expectations for additional downside, while Elon Musk’s “Yikes” response drew attention to the bond-market stress. CoreWeave Stock Could Go to Zero if AI Boom Falters

Institutional Trading of CoreWeave

Institutional investors have recently bought and sold shares of the stock. State Street Corp lifted its stake in shares of CoreWeave by 139.7% during the second quarter. State Street Corp now owns 7,058,846 shares of the company’s stock worth $702,638,000 after buying an additional 4,113,873 shares during the period. Alyeska Investment Group L.P. grew its holdings in shares of CoreWeave by 55.7% during the second quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock valued at $1,084,117,000 after buying an additional 3,897,741 shares during the last quarter. Altimeter Capital Management LP acquired a new position in shares of CoreWeave in the 4th quarter valued at $230,099,000. Amundi increased its position in shares of CoreWeave by 266.2% in the 1st quarter. Amundi now owns 3,284,121 shares of the company’s stock valued at $254,421,000 after acquiring an additional 2,387,337 shares during the period. Finally, Altshuler Shaham Ltd increased its position in shares of CoreWeave by 9,369.1% in the 4th quarter. Altshuler Shaham Ltd now owns 2,010,676 shares of the company’s stock valued at $143,985,000 after acquiring an additional 1,989,442 shares during the period.

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning and other data-intensive workloads. The company offers access to accelerated computing resources, including graphics processing units (GPUs), alongside central processing units, high-performance storage, networking and data center capacity.

Its platform supports AI model training, fine-tuning and inference, as well as visual effects, rendering, scientific computing and other demanding applications.