Key Points
- Insider sale: CoreWeave insider Brannin McBee sold 34,335 shares on Dec. 2 at an average price of $78.61 (≈$2.70M), and across multiple September and December filings has sold hundreds of thousands of shares totaling roughly $249 million.
- Company results and stock context: CoreWeave reported revenue of $1.36B (up 133.7% YoY) and beat EPS/revenue estimates, but still has a negative P/E (−60.90), high debt-to-equity (2.66) and the stock trades around $88, below its 50‑day and 200‑day moving averages.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Kristen Mcveety sold 2,116 shares of CoreWeave stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $74.53, for a total value of $157,705.48. Following the transaction, the insider directly owned 79 shares in the company, valued at approximately $5,887.87. This trade represents a 96.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
CoreWeave Price Performance
CRWV stock opened at $88.30 on Friday. The company has a market capitalization of $34.12 billion and a P/E ratio of -60.90. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month high of $187.00. The business has a 50 day simple moving average of $109.87 and a 200-day simple moving average of $120.45. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 2.66.
CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its earnings results on Monday, November 10th. The company reported ($0.22) 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 analyst estimates of $1.28 billion. During the same period in the previous year, the firm earned ($1.82) earnings per share. The business's revenue was up 133.7% compared to the same quarter last year.
Analysts Set New Price Targets
A number of brokerages have recently commented on CRWV. Melius Research set a $140.00 target price on shares of CoreWeave in a report on Tuesday, November 11th. Arete upgraded CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price target on the stock in a research report on Thursday, August 21st. Arete Research raised CoreWeave from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. HC Wainwright reiterated a "buy" rating and issued a $180.00 target price on shares of CoreWeave in a research note on Wednesday, November 12th. Finally, Mizuho dropped their target price on CoreWeave from $150.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, November 11th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, CoreWeave currently has an average rating of "Moderate Buy" and a consensus target price of $129.47.
View Our Latest Stock Analysis on CoreWeave
Institutional Investors Weigh In On CoreWeave
Institutional investors have recently added to or reduced their stakes in the business. Family Legacy Financial Solutions LLC lifted its holdings in shares of CoreWeave by 166.7% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock valued at $27,000 after buying an additional 125 shares during the period. HighMark Wealth Management LLC acquired a new position in CoreWeave during the third quarter worth $27,000. OLD Second National Bank of Aurora purchased a new position in CoreWeave in the third quarter worth $27,000. KERR FINANCIAL PLANNING Corp acquired a new stake in CoreWeave in the third quarter valued at $27,000. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of CoreWeave during the 3rd quarter worth $28,000.
About CoreWeave
(
Get Free Report)
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.
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