Key Points
- CFO Nitin Agrawal sold 36,317 shares on Dec. 16 at an average price of $69.18 for $2,512,410.06, cutting his ownership by 17.86% to 167,075 shares (worth ~ $11.56M) after several other recent sales.
- CoreWeave's stock trades well below its 50‑day ($99.68) and 200‑day ($118.69) moving averages, has a market cap of $26.15B and a negative PE (-46.68), and while revenue grew 133.7% YoY to $1.36B the company still reported negative EPS (-$0.22); analysts' consensus is a "Hold" with an average price target of $128.53.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CFO Nitin Agrawal sold 36,317 shares of the business's stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $69.18, for a total value of $2,512,410.06. Following the completion of the sale, the chief financial officer owned 167,075 shares in the company, valued at approximately $11,558,248.50. This trade represents a 17.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Nitin Agrawal also recently made the following trade(s):
- On Thursday, December 11th, Nitin Agrawal sold 66,467 shares of CoreWeave stock. The stock was sold at an average price of $82.58, for a total value of $5,488,844.86.
- On Tuesday, November 25th, Nitin Agrawal sold 3,640 shares of CoreWeave stock. The shares were 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 stock was sold at an average price of $82.55, for a total transaction of $482,174.55.
CoreWeave Price Performance
NASDAQ CRWV opened at $67.68 on Friday. The firm's 50 day moving average is $99.68 and its 200-day moving average is $118.69. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 2.66. The company has a market capitalization of $26.15 billion and a PE ratio of -46.68. CoreWeave Inc. has a 12-month low of $33.51 and a 12-month high of $187.00.
CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its earnings results on Monday, November 10th. The company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.14. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. The business's revenue for the quarter was up 133.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.82) EPS.
Analyst Upgrades and Downgrades
CRWV has been the subject of several analyst reports. Melius upgraded CoreWeave from a "hold" rating to a "buy" rating and set a $165.00 price objective for the company in a report on Tuesday, September 23rd. Cantor Fitzgerald restated an "overweight" rating and issued a $174.00 price target on shares of CoreWeave in a research note on Wednesday, November 5th. Weiss Ratings reiterated a "sell (d-)" rating on shares of CoreWeave in a research note on Monday. Compass Point initiated coverage on shares of CoreWeave in a research note on Thursday, November 13th. They issued a "buy" rating and a $150.00 target price for the company. Finally, Melius Research set a $140.00 price target on shares of CoreWeave in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, CoreWeave currently has a consensus rating of "Hold" and an average price target of $128.53.
Read Our Latest Stock Analysis on CRWV
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Family Legacy Financial Solutions LLC raised its stake in 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 acquiring an additional 125 shares during the period. HighMark Wealth Management LLC acquired a new position in shares of CoreWeave in the third quarter valued at $27,000. OLD Second National Bank of Aurora bought a new position in shares of CoreWeave in the third quarter valued at about $27,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of CoreWeave during the 3rd quarter worth about $27,000. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of CoreWeave during the 3rd quarter worth about $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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