Key Points
- Brannin McBee sold 63,835 shares on Dec. 8 at $83.80 for $5.35M and has executed multiple large sales since September, disposing of hundreds of thousands of shares in transactions that total well into the tens of millions of dollars.
- CoreWeave posted strong Q3 results—$1.36B revenue, up 133.7% year‑over‑year and beating estimates—yet the company still shows a negative P/E and the stock trades around $87 with an average analyst consensus of "Hold" and a $129.47 price target.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Brannin Mcbee sold 63,835 shares of the firm's stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $83.80, for a total transaction of $5,349,373.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Brannin Mcbee also recently made the following trade(s):
- On Monday, December 8th, Brannin Mcbee sold 102,835 shares of CoreWeave stock. The shares were sold at an average price of $83.80, for a total transaction of $8,617,573.00.
- On Tuesday, December 2nd, Brannin Mcbee sold 34,335 shares of CoreWeave stock. The stock was sold at an average price of $78.61, for a total transaction of $2,699,074.35.
- 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 transaction of $39,305.00.
- On Tuesday, December 2nd, Brannin Mcbee sold 102,835 shares of CoreWeave stock. The stock was sold at an average price of $78.61, for a total value of $8,083,859.35.
- On Tuesday, December 2nd, Brannin Mcbee sold 29,000 shares of CoreWeave stock. The stock was 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 stock was 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 value of $32,957,500.00.
- On Tuesday, September 16th, Brannin Mcbee sold 375,000 shares of CoreWeave stock. The shares were sold at an average price of $118.17, for a total transaction of $44,313,750.00.
CoreWeave Stock Down 0.9%
NASDAQ:CRWV opened at $87.38 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.49 and a quick ratio of 0.49. The firm's 50-day moving average price is $106.23 and its 200-day moving average price is $120.12. The company has a market capitalization of $33.76 billion and a PE ratio of -60.26. CoreWeave Inc. has a 1-year low of $33.51 and a 1-year high of $187.00.
CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.22) earnings per share for the quarter, topping analysts' consensus estimates of ($0.36) by $0.14. The business had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter last year, the company posted ($1.82) EPS. CoreWeave's revenue for the quarter was up 133.7% compared to the same quarter last year.
Analysts Set New Price Targets
A number of brokerages recently issued reports on CRWV. Cantor Fitzgerald reiterated an "overweight" rating and issued a $174.00 price target on shares of CoreWeave in a research note on Wednesday, November 5th. Citizens Jmp upgraded shares of CoreWeave from a "market perform" rating to an "outperform" rating and set a $180.00 target price on the stock in a research note on Tuesday, September 16th. The Goldman Sachs Group cut their price target on shares of CoreWeave from $120.00 to $105.00 and set a "neutral" rating on the stock in a report on Monday, November 17th. Stifel Nicolaus set a $120.00 price objective on shares of CoreWeave in a report on Tuesday, November 11th. Finally, Evercore ISI cut their target price on CoreWeave from $175.00 to $160.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $129.47.
Read Our Latest Analysis on CRWV
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Allworth Financial LP lifted its position in CoreWeave by 190.7% during the third quarter. Allworth Financial LP now owns 4,358 shares of the company's stock valued at $596,000 after purchasing an additional 2,859 shares during the period. IFP Advisors Inc raised its stake in CoreWeave by 1,009.7% during the 3rd quarter. IFP Advisors Inc now owns 8,223 shares of the company's stock valued at $1,125,000 after buying an additional 7,482 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of CoreWeave during the 3rd quarter valued at $27,000. CIBC Private Wealth Group LLC boosted its stake in shares of CoreWeave by 228.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 23,920 shares of the company's stock worth $3,273,000 after buying an additional 16,643 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of CoreWeave in the third quarter worth $3,670,000.
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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