Key Points
- CFO Nitin Agrawal sold 66,467 shares on Dec. 11 at an average price of $82.58 for about $5.49 million, reducing his stake by 24.63% to 203,392 shares (≈$16.8M).
- CoreWeave stock is trading down ~10.1% and currently reflects a market cap of $30.37 billion with a negative P/E of -54.20 and a 52‑week range of $33.51–$187.00.
- In the most recent quarter the company reported EPS of ($0.22) beating estimates and revenue of $1.36 billion, with quarterly revenue up 133.7% year‑over‑year.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CFO Nitin Agrawal sold 66,467 shares of the company's stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $82.58, for a total value of $5,488,844.86. Following the completion of the transaction, the chief financial officer directly owned 203,392 shares in the company, valued at approximately $16,796,111.36. The trade was a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Nitin Agrawal also recently made the following trade(s):
- On Tuesday, November 25th, Nitin Agrawal sold 3,640 shares of CoreWeave stock. The stock was sold at an average price of $70.27, for a total value of $255,782.80.
- On Thursday, November 20th, Nitin Agrawal sold 5,841 shares of CoreWeave stock. The shares were sold at an average price of $82.55, for a total value of $482,174.55.
- On Tuesday, September 16th, Nitin Agrawal sold 38,422 shares of CoreWeave stock. The shares were sold at an average price of $118.18, for a total value of $4,540,711.96.
CoreWeave Trading Down 10.1%
CoreWeave stock opened at $78.59 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 2.66. CoreWeave Inc. has a 52 week low of $33.51 and a 52 week high of $187.00. The company has a market capitalization of $30.37 billion and a price-to-earnings ratio of -54.20. The stock has a 50-day moving average price of $105.11 and a 200 day moving average price of $119.95.
CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the company posted ($1.82) EPS. CoreWeave's quarterly revenue was up 133.7% compared to the same quarter last year.
Institutional Trading of CoreWeave
A number of hedge funds have recently bought and sold shares of the business. Chelsea Counsel Co. acquired a new position in CoreWeave during the second quarter worth $33,000. Family Legacy Financial Solutions LLC raised its holdings in shares of CoreWeave by 166.7% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock worth $27,000 after acquiring an additional 125 shares during the period. HighMark Wealth Management LLC acquired a new position in shares of CoreWeave during the 3rd quarter valued at about $27,000. OLD Second National Bank of Aurora acquired a new position in shares of CoreWeave during the 3rd quarter valued at about $27,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in shares of CoreWeave in the third quarter valued at about $27,000.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Stifel Nicolaus set a $120.00 target price on shares of CoreWeave in a report on Tuesday, November 11th. Compass Point began coverage on CoreWeave in a research note on Thursday, November 13th. They set a "buy" rating and a $150.00 price objective for the company. Loop Capital decreased their price objective on CoreWeave from $165.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, November 12th. Jefferies Financial Group dropped their target price on CoreWeave from $180.00 to $155.00 and set a "buy" rating on the stock in a report on Tuesday, November 11th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of CoreWeave in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $129.47.
Read Our Latest Stock Analysis on CoreWeave
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.
Further Reading
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